Senegal has revoked offshore exploration rights held by Atlas Oranto Petroleum, a privately owned upstream oil and gas firm founded by Nigerian energy entrepreneur Arthur Eze, reinforcing a tougher regulatory approach toward long-stalled licences. The decision aligns with Senegal’s commitment to enhance regulation in its energy sector and rapidly monetize hydrocarbon resources. Senegal revoked the…
On average, African passengers pay about 3.5 different charges on international departures, totalling roughly $68 in 2024, up from $66 in 2022. Business Insider Africa presents the top 10 African countries with the highest international flight taxes. The list is courtesy of AFRAA Taxes and Charges Study Review. In the most expensive markets, Gabon, Sierra…
South Africa’s richest man, Johann Rupert, whose net worth almost peaked at $20 billion a week ago, has posted nine-month earnings of the same amount, courtesy of his luxury goods holdings, Richemont. Johann Rupert has achieved significant financial success through his luxury goods holdings, notably Richemont. Richemont recorded impressive nine-month earnings of $20 billion, driven…
