Author: Lucas

Mauritian foreign direct investment recovered in the second quarter after a dismal performance in the first three months when inflows fell by about a quarter.Inflows reached 15.61 billion rupees ($342.6 million) in the six months through June compared with 15.93 billion rupees a year earlier, according to data from the Bank of Mauritius. In the first quarter, investment slumpedBloomberg Terminal by some 25% to 4.82 billion rupees on lower property sales. Source link

The Dangote refinery is expected to start crude oil production soon, a report by S&P Global has said. Dangote’s upstream oil assets, Oil Mining Leases 71 and 72, are expected to start pumping oil before the end of the year. According to the report by S&P, the assets will start producing about 40,000 barrels of crude oil per day. “Dangote’s upstream assets in the Niger Delta, Oil Mining Lease 71 and 72, could soon provide another supply injection, with production expected to start this month and reach up to 40,000 b/d,” the report said. It was added that the Group…

Image source: Getty Images The headline of this article is a common one in financial journalism, pitching value shares against growth stocks. But is this the right mindset to have as an investor? And if so, which style should I favour next year? Here are my thoughts. In simple terms, growth stocks are companies expected to expand earnings rapidly. Investors are paying up for future growth potential. Value shares, on the other hand, are those trading below what they seem worth, and are often mature firms with steady cash flow, dividends, and much lower expectations baked in. The growth versus…

Excelsior Correspondent JAMMU, Oct 26: AIMCCC has urged J&K administration to take necessary steps for safeguarding the land of Kashmiri Pandits (KPs) in valley and added that wherever there is encroachment over such lands, the same should be removed.In a handout, members of KP community demanded passing of a bill in J&K Assembly for general demarcation of whole immovable property of KPs as a confidence building measure for the minority community of the valley.They also demanded passing of Genocide Bill to punish those involved in the killing of KPs so that justice is delivered to the…

Exclusive: Prime Minister Anthony Albanese has vowed to make Australia a manufacturing powerhouse again amid warnings from business leaders that local industry is “dying” and calls for a new tzar to slash red tape across every level of government.The move comes as cutting-edge companies have promised “a new industrial revolution” if Australia can seize the opportunities before it and pave the way for these industries to grow.The latest figures show manufacturing today is less than a quarter of what it was in Australia in 1960, putting a drag on the economy and endangering our national security.This critical tipping point has…

Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.Nigeria’s leading industrialist Aliko Dangote is planning to expand capacity at his group’s petroleum refinery to 1.4mn barrels per day and will sell shares in the business to help finance the expansion. Dangote told the Financial Times he would sell up to a 10 per cent stake in the refinery “depending on what the Nigerian market can take” and is also seeking $5bn in financing from Afreximbank, the African trade bank.The expansion, which the multi-billionaire industrialist announced in Lagos on…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Gatwick airport has warned that plans to invest billions in a new runway and airport upgrades could be jeopardised if ministers push through a fourfold increase in its business rates bill in next month’s Budget. The airport’s investors are preparing to make the final investment decision on a £2.2bn expansion to open a long-awaited second runway that was approved by ministers last month. They are also planning to invest around £2bn in expanding facilities and upgrades. The UK’s second largest airport currently pays about…

Image source: Getty Images Scottish Mortgage Investment Trust has chunky stakes in some of the world’s most important growth companies. In the FTSE 100 trust’s top 10 holdings are the world’s leading chip foundry (Taiwan Semi) and $4.3trn colossus Nvidia. Recently though, a new growth stock has broken into the 10 largest holdings after surging 150% since April. Let’s take a closer look at this high-flyer. The stock I’m talking about is Roblox (NYSE:RBLX). Parents of kids aged 7-14 will likely be familiar with the gaming firm. Or more specifically Robux, its digital currency that allows players to unlock features…

LEWIS Capaldi is one of the most down to earth superstars on the planet – a big reason he has millions of adoring fans. With a string of number one albums under his belt as well as countless sold out tours, the Someone You Loved singer isn’t known for flaunting his considerable wealth. Lewis Capaldi has snapped up properties since finding chart successCredit: PA The Capaldi family home where Lewis grew up sold two years ago Instead he’s cashed in on his success and spent wisely, buying two homes to begin a plush property portfolio. The Scots musician, 29, from…

Nigeria’s Dangote Refinery is aiming to be the biggest in the world in the next three years, its founder and Africa’s richest man Aliko Dangote said on Sunday. Dangote said at a press conference in Lagos that the refinery is “more than doubling” its production capacity to 1.4 million from 650,000 barrels per day. “This will make it the largest refinery” globally, surpassing India’s Jamnagar Refinery, he said. Although the refinery, which began operations in 2024 has faced challenges with PENGASSAN, it is a game changer for Nigeria, which previously had to import almost all its petrol despite being a…