Business

Business: Nigeria Opens Cash Tap as Oil Revenue Runs Dry

The government of Nigeria, whose revenue could be slashed by more than half this year due to the oil-price slump,…

May 20, 2020

Impact of Covid-19 on African economies; a look at Nigeria

The COVID-19 pandemic and related measures have brought the world’s economy nearly to a total halt. A UN report released…

May 19, 2020

Business: Airport management company says it may need R10 billion in government guarantees

Airports Company SA (Acsa), which manages and operates nine airports in SA, says it expects it will need about R10…

May 19, 2020

Sudan inflation hits 99% due to soaring food prices

Sudan’s inflation rate has risen further to 99% in April due to rising food prices, the Sudanese Central Bureau of…

May 17, 2020

Business: Mango Airlines to cut employee salaries by 50%

Mango Airlines, the low-cost wing of SAA, is set to cut its employees’ salaries by up 50percent. Public Enterprises Minister…

May 17, 2020

Coronavirus: Why African airlines could rebound faster – Gebremariam

African skies could experience increased activity earlier than other continents due to the planned evacuation of people seeking to return…

May 16, 2020

Tanzania Sees Economic Growth could fall to 4% in 2020

Tanzania’s economic growth could fall to 4% this calender year due to effects of the coronavirus pandemic, according to Finance…

May 15, 2020

Equatorial Guinea extends oil exploration licenses

Equatorial Guinea has announced a series of strategic measures to assist oil and gas exploration companies. The measures are expected…

May 15, 2020

Overcoming the challenges of local production

Imports from china, Kenya’s biggest trading partner plunged by at least Sh58.64 billion in the first two months of the…

May 14, 2020

Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech talent accelerator Andela has let go of 135 employees, CEO Jeremy Johnson said. Senior staff at the company…

May 12, 2020

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