Business

Ministries underspend 2017/18 budget allocation

Windhoek – Key Namibian government ministries underspent their budget allocations for development purposes by more than R151 million in the 2017/2018 financial year in the wake of declining revenue streams and an economy that has entered a recession. ...Read More

Lack of domestic revenue crippling African economies

Windhoek - African countries must prioritise domestic revenue mobilisation to triple growth if the continent is to meet its development goals and targets. ...Read More

Ethiopian Airlines plans to increase Chinese destinations

Addis Ababa - Ethiopia’s national air carrier, Ethiopian Airlines (ET) plans to add three more Chinese flight destinations, an Ethiopian official said on Tuesday. Speaking to Xinhua, Tewolde Gebremariam, CEO of Ethiopian Airlines Group, said Ethiopian Airlines is waiting flight permits from Chinese authorities to fly to the Chinese destinations of Chongqing, Shenzhen and Zhengzhou. ...Read More

Sonangol’s new drilling rig was baptized in South Korea

Angolan oil and gas company, Sonangol, on Thursday named a new drilling rig to operate in deep waters, ultra-deepwater and the pre-salt layer, in Busan, South Korea, according to the Angolan press. ...Read More

Regional integration key in solving energy problems in Southern Africa: S. African minister

Johannesburg - With pressing problems confronting Southern African countries in the energy industry, regional collaboration could be the key in alleviating these challenges, said a South African minister on Tuesday. ...Read More

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