Many African countries have been able to retain the value of their currencies in the face of multiple economic challenges including inflation, political changes, and the dynamics of foreign markets. Strong currencies reflect fiscal policy,…
Strengthening Trade, Technology, and Investment Ties: Korea-Africa Summit
Attending the first Korea-Africa summit starting on Tuesday, June 3 are delegates from 48 African countries. The two-day negotiations in Seoul are supposed to center on improving trade, technological, and investment relations between South Korea…
US-Africa Business Summit in Dallas to promote sustainable…
The U.S.-Africa Business Summit, under the theme ‘U.S.-Africa Business: Partnering for Sustainable Success’, provides a unique opportunity for government officials, business leaders, investors, policy makers and entrepreneurs to engage in discussions, explore business opportunities and…
Africa and the World Bank discuss « concessional…
On Monday, in Nairobi, Kenya, African heads of state met in which philosophize backhanded representatives of the World Bank. The contest lit on renderings like the International Development Association (IDA) and the African Oceania. The…
Egypt and Nigeria Dethroned as Top African Economies
South Africa Emerges as the New Leader : In a significant turn of events, South Africa has surpassed Egypt and Nigeria to become the new leading economy in Africa. This shift in the ranking reflects…
Comilog Takes Measures to Reduce Pollution and Invests…
Comilog, the global leader in manganese production, has long faced criticism for its practice of dumping manganese sludge and residues into a river. However, the company has made significant efforts to address these concerns by…
Surging Demand in Nigeria as Starlink Kit Prices…
Nigerians are increasingly adopting Starlink, a satellite internet service provided by SpaceX. Over the past four months, Space X has managed to attract 500,000 new users in Nigeria, indicating a growing interest in the technology.…
Ivory Coast to Increase Cocoa Selling Price by…
In a move to bolster the cocoa industry, the Ivory Coast has announced a substantial 50% increase in the official selling price of cocoa. Within a few days, the price per kilogram will rise from…
Senegal: Canal+ Acquires Stake in Marodi TV, Renowned…
Canal+, a French company and subsidiary of Vivendi under Vincent Bolloré's ownership, is reinforcing its presence in the African audiovisual industry. The company has acquired a minority stake in Senegalese production company Marodi TV, with…
Sam Bankman-Fried, the ‘Cryptocurrency King,’ Sentenced to 25…
In a significant legal development, a New York court has handed down a 25-year prison sentence to Sam Bankman-Fried in the United States of America. The verdict comes after Sam Bankman-Fried, a prominent figure in…
Uganda Looks to Harness Bamboo Industry for Economic…
The bamboo industry is experiencing remarkable growth in Uganda, opening up a host of enticing economic opportunities. Recognizing the immense potential of this resilient and rapid-growing plant, the government is actively promoting its cultivation. Local…
Egypt Implements Additional Fuel Price Hike
The Egyptian government implemented a fuel price hike on Friday, further exacerbating inflationary pressures on an already struggling population. The announcement of the new prices was made through the government's official Facebook page and took…
EU Announces €7.4 Billion Aid Package for Egypt
Migration Concerns and Regional Stability The European Union (EU) has announced a significant partnership worth €7.4 billion with Egypt, with a particular focus on energy and migration. However, this agreement has raised concerns among human…
Top 10 most profitable businesses in Ghana in…
Ghana is still a thriving center for economic prospects and entrepreneurship in West Africa as of 2024. A rising economy, better infrastructure, and a stable political climate make the nation an ideal place for a…
Zambia Declares “National Emergency” as Drought Takes Hold
Zambian President Hakainde Hichilema has declared a state of national disaster and emergency due to a devastating drought that has engulfed the country. Currently, 84 out of 116 districts in Zambia are experiencing severe drought…
Which African Countries Have the Fastest Mobile Internet?…
Mobile internet is one of the most important drivers of digital transformation and economic development in Africa. With the increasing adoption of smartphones and the expansion of network infrastructure, more and more Africans are accessing…
WTO Appeals for Safeguarding Global Trade Amidst Instability
The World Trade Organization (WTO) has issued a call for collective action in response to economic uncertainties and geopolitical tensions. Against the backdrop of crucial upcoming elections worldwide, the WTO Director-General addressed these pressing issues…
How tax rates vary across Africa: a ranking…
Africa is a continent with diverse economic and social conditions, which are reflected in the different tax systems and rates that each country adopts. Taxation is a key tool for governments to raise revenue, provide…
A Step-by-Step Guide on How To Block All…
While losing or having your ATM card stolen might be upsetting, blocking the card right away can stop someone else from accessing your money without authorization. Banks in Nigeria give their clients many ways to…
