The Global Minimum Tax Act which requires large multinational enterprises (MNEs) operating in the nation to pay a global minimum corporate tax rate of 15% was formally signed into law by South Africa in a…
Zimbabwe Industrial Output Expected To Take A Knock…
Zimbabwean companies especially those that do not export are expected to take a knock this year due to some or all of the following according to the Sunday Mail: Decline in demand of products Foreign…
Ghana Trade Union Votes To Ban Made-In-Nigeria Products…
The Ghana Union of Traders Association (GUTA) is calling for a total boycott of all Nigerian products imported to Ghana. The move, the traders union believes, will force the Nigerian government to open up its…
Cyber Fraud: Ghanaians Lose $200M In 3 Years
Despite the consistent caution and education on cyber fraud, many people are still falling prey to the activities of criminals through the Internet, resulting in the loss of millions of US dollars to businesses and…
Ethiopia says Egypt trying to maintain “colonial era”…
Ethiopia has accused Egypt of trying to maintain its grip over the waters of the Nile with a proposal it says would imperil a giant hydropower dam under construction on Ethiopia’s Blue Nile, in a…
Foreign currency shortages bite in Burundi
Authorities in Burundi on Thursday said more than 40 people have been arrested since the penalties for black market trading were increased last month. The central African country has been short of foreign currency since…
Border closure: Ghana traders’ union calls for boycott…
As Nigeria’s land border closure bites West African countries, the Ghana Union of Traders Association (GUTA) has called for a total boycott of all Nigerian products imported by Ghana. The move, the traders union believes,…
Nigeria: CDD Evaluates Buhari’s Economic Policies, Advises Govt
The Centre for Democracy and Development, CDD, has pointed out how President Muhammadu Buhari-led Federal Government can improve on its economic policies. CDD stated that Buhari government needs to increase capital investments and reforms in…
Buhari At #NES25: Only ‘Made In Nigeria Solutions’…
President Muhammadu Buhari Monday in Abuja declared open the 25th Nigerian Economic Summit (NES25) with a charge to public and private sector leaders to look inward to solve the unique challenges confronting the nation's socio-economic…
Zimbabwe Raises Oil Prices By More than 25%
The price of fuel went up again in Zimbabwe on Sunday, October 6, this time by more than 25%, the latest blow in a country battling out-of-control inflation. The Zimbabwe Energy Regulation Authority (ZERA) announced…
Another fuel and energy price hike – no…
There appears to be no end in sight for hard pressed Zimbabwean consumers as they now have to pay 26% more for fuel and 300% more for energy starting this Sunday. Fuel prices in the…
Mozambique Says Exxon to Back Africa’s Biggest Ever…
Mozambique’s government said Exxon Mobil Corp. will sign off on a final investment decision for a liquefied natural gas project that could cost as much as $33 billion to build -- the biggest ever in…
Business Africa: Africa’s oil ambitions
The challenge facing members of the African Petroleum Producers’ Organization APPO, reformed in 2013, is to establish itself as a key and strategic player in the energy, oil and gas sectors on a continental and…
Zimbabwe: Claims of forced labour at diamond mine…
Zimbabwe angrily denounced a US government decision to curb imports of diamonds from its Marange field, branding the claim the country uses forced labour at the operations "a shameless lie." "Invoking the repulsive prospect of…
Zimbabwe 🇿🇼: New Currency For Zim In November
Zimbabwe is set to have a new currency next month. A member of the newly appointed monetary policy committee Eddie Cross has revealed that the new currency will be introduced next month (November) in a…
Charity is the reason why Bill Gates and…
United States’ billionaire and philanthropist Bill Gates on Tuesday praised Nigeria’s Aliko Dangote, for championing efforts of reducing malnutrition in his country and globally. Gates, whose Bill and Melinda Gates foundation, works to reduce inequalities…
Somalian weavers battle cheap imports
Somalian weavers are battling to preserve the use of local fabrics and the wearing of traditional clothes. Influx of cheap clothes and textiles from China and other countries is threatening the livelihood of weavers and…
Equatorial Guinea VP’s supercars sold for $27m at…
Following the seizure of 25 supercars from Equatorial Guineas vice president as part of a Swiss money-laundering probe, an auction held by Bonhams on Sunday fetched nearly $27 million (27 million Swiss francs). Geneva prosecutors…
Nigeria Lacks Mental Discipline To Execute Plans, Says…
The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane, is of the opinion that Nigeria lacks the mental discipline to execute plans for the growth of the economy. Mr. Rewane stated…
