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Monday, 24th February 2020
1:40:38am

Business

Articles related to business

Kenyan family files lawsuit against Boeing over Ethiopian Airlines crash

A Kenyan family has filed a lawsuit in Chicago against American aviation giant Boeing over a March 10 Ethiopian Airlines crash that killed 157 people, lawyers and family members said on Tuesday. 

Siblings of 29-year-old engineer George Kabau said they wanted to force the company to release documents and emails relating to its 737 MAX 8 model,…

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French oil major Total launches full-field production on Angola's Kaombo

French oil major Total said it had started up production on the Kaombo Sul project located off the coast of Angola, in a deal that should lift Total’s general production capacities.

Kaombo Sul will add 115,000 barrels of oil per day (bopd) and bring the overall production capacity to 230,000 bopd, equivalent to 15 percent of the country’s…

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Vodacom Tanzania pays $2.3m settlement to free employees

Vodacom's Tanzanian unit said it paid a settlement of 5.3 billion shillings ($2.3 million) for the release of five employees charged with depriving the government of revenue.

The state said it didn’t receive more than 11 billion shillings from Vodacom Tanzania due to irregularities that the company and employees, including Managing Director Hisham…

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MTN South Sudan gets boost as hopes rise that war is ending

The MTN Group's [JSE:MTN] South Sudan unit said it’s investing at least $30m in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country.

Reviving transmission sites, upgrading to 3G and adding new coverage - they’re all planned by MTN South Sudan, one of the two remaining…

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Shell sees rise in Nigeria oil spills in 2018

Royal Dutch Shell last year experienced a sharp rise in the number of oil spills caused by pipeline theft in Nigeria, which the company said were the result of larger output and higher oil prices.

The number of spills caused by sabotage and theft in the Niger delta rose last year to 111 from 62 in 2017, the Anglo-Dutch company said in its annual…

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Africa's richest woman to be ousted at Angola telecoms company

Africa’s richest woman is set to be ousted from the helm of Angola’s biggest telecommunications company as shareholders meet Tuesday to discuss corporate governance in the wake of legal action by one of its biggest investors.

The meeting at Unitel SA, whose chairwoman Isabel dos Santos owns 25%, comes after an arbitration court ruled that Brazilian…

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