Tag: fuel

Kenya Airways on earnings, nationalisation & expansion plans

Kenya Airways reported a loss of about $74 million for the 12 month period ended December 2018 from a loss of about $63 million reported in the nine month period ended in December 2017, attributing the loss to the high cost of fuel, high salaries and fleet ownership. Revenue for the 12 month period increased to about $1 billion compared to about $798 million reported during the 9 Month period ended 31 December 2017. Sebastian Mikosz, CEO of Kenya Airways joins CNBC Africa for more.

NPA orders oil marketing companies to apply revised energy sector levies

Oil Marketing Companies in Ghana have begun applying the revised energy sector levies which has seen an upward adjustment in both diesel and fuel prices. The move follows a directive from Ghana’s National Petroleum Authority (NPA). To discuss this story and its impact, Paa Kwasi Anamua Sakyi, Executive Director at the Institute for Energy Security joins CNBC Africa for more.

Zimbabwe increases fuel prices again, what you need to know

Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation.

The new tax on fuel could dampen this East African country’s economic growth

The tax is part of the country's government bid to boost revenue collection.

Petrol price in South Africa set to rise, what motorists can expect to pay in July

JOHANNESBURG (Reuters) - The retail price of petrol in South Africa will rise by more than 1.5 percent from July 4, while the price of wholesale diesel will rise by 1.8 percent,...

Fuel franchising continues to be resilient as economic indicators remain subdued

By: James Noble | Absa Business Banking   The South African fuel retail industry has grown considerably in recent years. In fact, it is one of the few sectors to weather the downgrading, rand volatility...

Burundi paralysed by fuel shortages as leaders blame lack of dollars

Fuel shortages have paralysed the small central African nation of Burundi.

South Africa’s petrol, diesel pump prices to rise in May

The retail price of petrol and the wholesale price of diesel in South Africa will rise from May 3, the energy department said on Friday.