In addition to the Middle East and North Africa, the United Arab Emirates is becoming asignificant hub for trade and investment in South Asia, Central Asia and Sub-Saharan Africa.Large multinational companies attribute the UAE's attraction…
Zambia receives assistance from China in resolving its…
President Hakainde Hichilema has praised China for agreeing to participate in the IMF's Zambia debt restructuring process and joining other creditors. During a press conference at the Statehouse in Lusaka on Monday, Hichilema stated that…
Nigeria opens the largest fertilizer plant in Africa
Nigerian President Muhammadu Buhari has opened a $2.5 billion fertilizer plant with the goal of contributing to global supplies amid the impact of rising prices in the aftermath of the Russia-Ukraine conflict. When the Dangote…
Kenya will get $750 million from the World…
Kenya has been accepted for a $750 million loan from the World Bank to help finance its budget until 2022. Kenya would have to make the changes in its public procurement procedures that were meant…
There is still no date set for Parliamentary…
Somalia -Somalia missed the deadline for holding elections for the Lower House of Parliament on Tuesday (15 March), causing yet another delay in the election process that was supposed to result in the appointment of…
Kenya: Workers in power generation threaten to strike…
Kenya - Kenyan workers who are working in power generation have threatened to strike after it was announced that as many as 2,000 staff or 20% of the company's workforce will be laid off. They…
Africa: Flutterwave’s valuation triples in a year
An African fintech company flutterwave has raised $250 million in a series D round recently which has tripled the company’s valuation and taken the total value at $3 billion in just one year of its…
Nigeria to work harder to establish businesses after…
Nigeria is one of the African countries which is moving in the correct direction when it comes to development and progress. But despite hard attempts, the government is failing to establish successful businesses and that…
Outgoing IMF envoy criticizes Tunisia’s economic plans
It is not more hidden that Tunisia is not just suffering politically but having a toss on economic grounds as well. The International Monetary Fund highlighted the weak economic planning of the country recently saying…
South Africa might bring in higher wages
South Africa - South Africa’s Department of Employment has proposed a new target of minimum wage in the country in 2022. The National Minimum Wage Commission is responsible for assessing and reviewing the minimum wage…
In the Central African Republic, palm wine benefits…
Africa - The Central African Republic's Kapou village has a reputation for producing significant quantities of palm wine. This activity has been the main source of revenue for young and old for decades. Philemon owns…
Panic for crypto traders in South Africa as…
South Africa -Cryptocurrencies have opened up the market of investors for their diverse and accessible nature. And for this very reason, they have raised the scope of scrutiny by governments and regulators. South Africa’s anti-money…
110 million doses of the Moderna Covid-19 vaccine…
Africa - A total of 110 doses of the Moderna covid 19 vaccine will be delivered to Africa. On the world's least vaccinated continent, this has been dubbed a breakthrough. Moderna said Tuesday that it…
Virginia South Africa Discovers Huge Helium Potentials
Virginia - The company of the 1970s has now stepped into making its mark in the field of renewable energy as it is being seen as the largest emerging company to harness the power of…
Zimbabwe may witness currency crackdown, warn experts
Zimbabwe - A report by a reported financial institution warned Zimbabwe of a crackling economy in the coming months. The African nation's economy is continuously falling and there are lingering dangers especially after the US…
Residents of Nairobi react to Kenyatta’s Pandora leaks
Nairobi - On Sunday, the International Consortium of Investigative Journalists, a Washington, DC-based network of reporters and media organizations, disclosed financial data that revealed a relationship between international leaders and hidden wealth. The records include…
Nigerian Government Makes an effort to revive its…
Nigeria - In Nigeria, the government has launched a drive to revive the country's once-thriving palm oil business. It is one of the finest sectors to diversify away from petroleum and help create jobs. However,…
What is African Continental Free Trade Area and…
The African Continental Free Trade Area (AfCFTA) agreement is a distinct game changer for Africa. It is a driven trade agreement that frames the world's most significant free trade area by joining nearly 54 African…
Ghana’s economy is projected to grow due to…
The lifting of the European Union's ban on the import of fruits and vegetables from Ghana has boosted big investments in modern agricultural methods by farmers in the African nation. In recent years, Ghanian farmers…