South Africa's very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The…
Africa’s Biggest Supermarket Chains ‘Pick N Pay’ Founder…
Raymond Ackerman, the founder of Pick n Pay, one of South Africa's largest supermarket chains, has passed away at the age of 92. He and his wife Wendy started Pick n Pay in 1967 by…
President Directs Agencies To Recover CBN’s N1.1 Trillion…
President Bola Tinubu has given security agencies a critical mission of recovering a staggering N1.1 trillion in loans from beneficiaries of the Anchor Borrowers' Loan Scheme by September 18, 2023. The Anchor Borrowers' Loan Scheme,…
Why Did Paris Implement A Ban On Rented…
Paris has become one of the first European cities to ban rented electric scooters (e-scooters) following an overwhelming vote by residents in favor of the decision. In an April referendum, nearly 90% of voters supported…
PenCom To Take Regulatory Actions Against Employers
The National Pension Commission (PenCom) has issued a directive to all Pension Fund Administrators (PFAs) in Nigeria to establish branch offices in at least two states within each geo-political zone of the country. Additionally, PFAs…
Oil Companies Pay Influencers To Promote Their Fuel…
Oil companies are paying popular influencers on social media to promote their gasoline and fuel rewards programs. This has sparked backlash from climate-conscious fans who are concerned about the promotion of fossil fuels among young…
Nigeria Ranks 7th In Mobile Phone Usage, 11th…
Nigeria has been ranked seventh in the world for mobile phone usage and eleventh for internet reach, according to the Nigerian Communications Commission (NCC). This means that a lot of people in Nigeria use mobile…
Big Banks Enter Fintech Space, Risks For Top…
Nigeria's big banks are entering the financial technology (fintech) space, which is causing competition for existing fintech firms. The banks are making strategic investments in fintech businesses to secure their future. This move threatens the…
Nigerian Customs Service To Allow Quick Export of…
The Free Trade Zones (FTZs) Committee on Nigerian Customs Service (NCS) Operational Remodeling has recommended that the service allows the quick export of finished and processed commodities containing 100% local raw materials. This means that…
Govt Renews Lease Agreements For Ports Despite 17-Year…
The Federal Government has chosen to ignore the debts owed by operators of leased port terminals and has renewed their agreements, despite the operators violating the terms of their contracts. The port concession/lease agreement, which…
Aradel Plc Achieves 270% Growth After Rebranding In…
Aradel Plc, a company that recently rebranded, has shown significant growth and success in its operations. In the first half of the year, the company's operating profit increased by 478.7% compared to the previous year,…
Nigerian Presidency Believes ‘Fuel Subsidy Removal’ Led People…
The Nigerian Presidency has expressed concern over the removal of fuel subsidy, stating that it has led to increased poverty among Nigerians and a loss of support for the government. President Bola Tinubu announced the…
Nigeria’s NNPC secures $3 billion loan to stabilize…
Nigeria's state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government's reforms to stabilize the exchange rate market. Nigeria, Africa's…
Telecoms/Togo: 56% of consumers dissatisfied, 42% of ISP…
Arcep is calling on mobile operators and Internet service providers to invest more in improving the quality of their services and lowering their charges. And rightly so, since mobile phone consumers seem to be increasingly…
Burkina kicks Meridiam (and France) out of its…
On Wednesday, the transitional government terminated an agreement signed in October 2021 with the French group Meridiam/Marseille for the operation of Donsin airport for a period of thirty (30) years. For the Ministry of Transport,…
Putin exerts influence in North Africa with a…
Russian President Vladimir Putin has announced his intention to establish a free trade area with four North African countries - Egypt, Morocco, Tunisia and Algeria - in order to increase Moscow's diplomatic influence and economic…
Moroccan fruit and berry exports to reach US$7.1…
Spain is the biggest importer. It accounts for about 27% of Morocco’s total exports in the past five years. However, in 2022, the kingdom was the fourth largest supplier of fruits and berries to Spain with the share of…
World Bank Partners with Nigeria to Fund 1,000…
The World Bank, in collaboration with the Nigerian government and private sector, is set to embark on a significant project to construct 1,000 mini solar power grids in Africa's largest economy, Nigeria. The project attempts…
Russia-Africa summit boosts economic promises amid geopolitical tensions
The Russia-Africa summit, held amid the ongoing geopolitical crisis between Russia and Ukraine, ended last week with promises of debt relief and food supplies to strengthen economic ties between Moscow and the African nation. As…
