Expansion of South Korean Power Equipment Industry in the U.S. Market South Korea’s LS ELECTRIC, a subsidiary of the LS Group specializing in power and automation systems, has recently secured a significant contract worth 170 billion won ($123 million) to supply ultra-high-voltage transformers to renewable energy facilities across several western states in the United States….
Enugu Air: A New Era of Connectivity and Economic Growth Governor Peter Mbah has shared the key motivations behind his administration’s initiative to launch Enugu Air, a new airline that aims to transform transportation and economic opportunities in Enugu State. The airline commenced its operations with three Embraer aircraft, focusing on routes connecting Enugu to…
Kenya’s cross-border trade recorded a sluggish start to 2025, with latest data showing a decline in both export receipts and import spending across multiple global markets. The performance reflects a cautious global trade environment shaped by shifting demand, volatile commodity prices, and emerging regional realignments. New data from the Kenya National Bureau of Statistics (KNBS)…
President Bola Tinubu has departed Saint Lucia after a four-day state visit en route to Brazil, where he will attend the 17th BRICS Summit in Rio de Janeiro. The president is expected to participate in the high-level meeting as a representative of Nigeria, which has now been accorded the status of a “partner country” within…
THE controversial Egodini Mall project being developed by South Africa-based Terracotta Trading (Pvt) Ltd is facing another major setback with the developer requesting a review of its investment to US$10,5 million from US$60 million. Terracotta has failed to complete the project since 2012. Bulawayo City Council (BCC) contracted Terracotta to develop the mall in Bulawayo…
The collaboration allows the two airlines to extensively code-share on each other’s networks It will further explore cooperation in the airport and ground services, loyalty programmes, procurement, cargo, and maintenance Kenya Airways and Qatar Airways have signed a Memorandum of Understanding (MoU), confirming their intention to enter a strategic partnership that will include a comprehensive…
Investors caution against shorting the US dollar despite its steep decline versus major currencies this year amid the de-dollarisation move. US assets will remain a key allocation for global money managers like Aberdeen Investments and BlackRock even as investors seek portfolio diversification by loading up on defensive sectors in Europe, China and Japan amid tariff…
The recent decision by government to review or decentralize sanitation contracts with Zoomlion Ghana Limited could send the wrong signals to investors and disrupt the gains made in the country’s waste management sector, a senior academic has warned. Dr. Eric Boachie Yiadom, a Senior Lecturer and Climate Finance and Sustainability Expert at the University of…
Mkpoikana Udoma Port Harcourt — The Niger Delta Development Commission, NDDC, says it will partner with the Nigeria LNG Limited, to ensure the speedy completion of the 27.1-kilometre Bonny Ring Road and Bridges in Bonny Local Government Area of Rivers State. Speaking during the inspection of the project, the NDDC Managing Director, Dr Samuel Ogbuku,…
The Hong Kong IPO is not the endgame for home-grown Hong Kong insurer as CEO Huynh sets sights on a new growth phase FWD Group, a regional insurer founded by Hong Kong billionaire Richard Li Tzar-kai, aims to use Hong Kong as a springboard to expand its business in the region after completing its HK$3.47…