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.
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 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 tax is part of the country's government bid to boost revenue collection.
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,...
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...
Fuel shortages have paralysed the small central African nation of Burundi.
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.
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