Q3 GDP Growth Slips to 0.5% as South Africa’s Economy Slows Further: Africa newsroom update. Markets opened to a softer print as South Africa Q3 GDP edged up 0.5%. The headline says it cleanly. South Africa economic growth cooled, and the South Africa economy’s slow tag felt accurate on trading floors. Cool morning air in […]
The recent Foreign investment news in Congo showcases a recent surge of foreign investment in the mining, energy, and infrastructure sector. The Democratic Republic of Congo (DRC) has remained one of the key global supply chains as the world demands more and more cobalt, copper, and lithium. The increasing confidence of investors in the economic […]
Airtel Nigeria has officially launched its 5G network, becoming the second provider to offer 5G services in the country. The launch comes six months after Airtel won the auction for the 3.5GHz spectrum license conducted by the Nigerian Communications Commission (NCC). The initial rollout will cover four cities: Lagos, Ogun, Abuja, and Rivers. Airtel will […]
Omnia Holdings, a South African-based fertilizer manufacturer, has reported a significant achievement in its annual profit for this year. The company experienced a remarkable 10% increase in its annual profit, showcasing its strong financial performance. This growth can be attributed to various factors that contributed to Omnia’s success. Despite facing challenges in the form of […]
Since it gained its independence, Ghana has requested assistance from the International Monetary Fund a total of seventeen times, which works out to an average of once every four years. However, obtaining a rescue package from the multilateral lender proved to be a more straightforward task this time around. Not least of all, since a […]
The Social Relief of Distress (SRD) grant is overseen by the South African Social Security Agency (SASSA), a government agency of South Africa that administers the country’s social security system. The SRD grant provides temporary assistance to people and families facing financial problems. Applying for the SRD SASSA grant is important to get financial help. […]
Premier Group, a South African food producer, has announced a significant increase in annual profit, with a near 40% jump despite challenges such as rising commodity prices and inflation. The company reported a headline earnings per share of 634 cents for the year ending March 31, compared to 453 cents the previous year. The food […]
The attack, involving heavy artillery fire, resulted in the tragic loss of at least 17 lives and left 106 people wounded. The incident occurred despite a previously signed ceasefire between the Sudanese government forces and the rival Rapid Support Forces, which had been extended just a few days prior. Both sides have accused each other […]
Nigeria is currently experiencing fuel shortages and long queues at filling stations in major cities after President Bola Tinubu announced the removal of fuel subsidies in his inaugural speech. Many filling stations have either closed or are selling fuel above the approved pump price, causing frustration among customers. Panic buying and increased prices have been […]
Twitter, an American social media company based in San Francisco, is in the limelight due to a lawsuit. Twitter’s former PR (public relations) firm has sued the social media company over unpaid bills. As per a Reuters article, Joele Frank, a leading PR firm, has filed a lawsuit against Twitter. The public relations company claimed […]
Elon Musk has named Linda Yaccarino, an American media executive, as the new CEO (Chief Executive Officer) of the micro-blogging social networking site Twitter. She is set to take over from billionaire Elon Musk as Twitter CEO in the coming weeks. She would oversee business operations at Twitter. Musk claimed that she would start her […]
Nigeria, an African country in the Gulf of Guinea, is famous for its natural landmarks and wildlife reserves. Cross River National Park and Yankari National Park are famous places in Nigeria. Do you want to take a Nigerian Visa? Application for Nigerian Visa on Arrival Program can now be completed online. How Long Does it […]
Dropshipping is a type of business in which the seller sells products on their website without keeping stock on hand. It allows entrepreneurs to ship products to a third party. When an order is received, the third party sends those orders to the entrepreneur or company to ship the products directly to the buyer. In […]
Elon Musk, the tech billionaire and the CEO (Chief Executive Officer) of Twitter, has said that the micro-blogging platform will allow users to charge for access to their content from their long-form text and hours-long video. On Thursday, the world’s second-richest person said that Twitter won’t be keeping any of the money users make from […]
Nigeria is getting ready to get rid of its expensive gasoline subsidies in June. The World Bank has given the country $800 million so it can keep its national social program going. The largest economy in Africa has allotted 3.36 trillion naira, which is equivalent to $7.3 billion, for petrol subsidies, and these subsidies will […]
McDonald’s Corp, an American multinational fast food chain, will temporarily shut down its US (United States) offices this week as the company plans to lay off employees. According to reports and various sources, Burger chain McDonald’s Corp informs corporate employees about the layoffs. The leading global foodservice retailer asked some of its foreign and US […]
Small banks are expected to have a drop of 2% in their Tier 1 capital requirements under the Basel III rules, according to the figures from the latest Basel Committee on Banking Supervision, which is the primary global standard organisation for the prudential regulation of banks. According to the Basel Committee on Banking Supervision, the […]
Black Friday is a term used for the Friday following Thanksgiving in the United States (US). Black Friday often falls in November. Several countries across the world support Black Friday. It marks the start of the Christmas shopping season and stores give bumper discounts to customers. More than 130 countries celebrate their own versions of […]
Silhouette, an eyewear company headquartered in Linz in Austria, is partnering with an American aspiring female astronaut Alyssa Carson for its groundbreaking Titan Minimal Art collection. Titan Minimal Art design has been the eyewear of choice worn in space for more than two decades. Silhouette International Schmied AG aims to support Carson’s dream of becoming […]
Lanre Shittu was the Chairman of Lanre Shittu Motors, a vehicle assembly plant in Nigeria. He was a successful businessman with vast experience in this field. He had several years of experience in the automobile business. He started his auto business in the early 1980s. Subsequently, he became successful because of his business skills. Lanre […]