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,…
Nigeria’s Energy Transformation: 1 Million Barrels Delivered to…
Shell International Trading and Shipping Company Limited (STASCO) has delivered an additional 1 million barrels of crude oil to the Dangote Oil Refining Company in Nigeria. This follows a previous shipment of one million barrels…
TotalEnergies Pledges $6 Billion In Nigeria Oil, Gas…
TotalEnergies, a French multinational integrated energy and petroleum company, has pledged $6 billion for oil and gas facilities in Nigeria, a country in West Africa. The French company reaffirmed its commitment to business interests in…
How Can Kenya, EU Economic Partnership Agreement Help…
Kenya, a country in East Africa, and the European Union (EU), a supranational political and economic union of 27 member states, have signed an Economic Partnership Agreement that aims to boost trade. The economic agreement…
Unveiling Africa’s Business Landscape: Top Opportunities in 2024
Africa, amidst its challenges, stands resilient as one of the fastest-growing emerging economies globally. The prospects for 2024 are particularly promising, with various countries, including Nigeria, South Africa, and Egypt, offering unique business opportunities and…
Explore Lowest and Highest IMF Debts in African…
In the complex landscape of global finance, African countries grapple with unique socio-economic challenges that significantly impact their journey toward sustainable development. One crucial aspect intertwined with economic stability is the management of external debt,…
The Richest Countries In Africa Based On Updated…
Africa is no stranger to political and economic instability, something that has been the root cause of extreme poverty on the continent. But African countries have a huge potential to improve their economy despite appalling…
UAE’s Masdar 10GW Growth Plan Is A Boon…
Masdar, a United Arab Emirates state-owned renewable energy company, has announced a 10GW growth plan for the African continent, which is set to unlock energy transition in six Sub-Saharan nations. Abu Dhabi Future Energy Company…
Kenya Could Get $1 Bln Loan From China,…
Kenya could get a $1 billion loan from the People’s Republic of China, which can be used to partly settle a Eurobond that is maturing next June, the governor of the central bank said on…
AFC’s Vision: Pioneering Africa’s Green Revolution
As the global call for net zero intensifies, the Africa Finance Corporation (AFC) emerges as a pivotal player in shaping Africa's unique journey towards sustainability. President and CEO Samaila Zubairu emphasizes the need for a…
Impala Platinum Halts Work At Rustenburg Mine After…
Impala Platinum, a South African holding company, has temporarily halted operations at its Rustenburg mining complex in the country after 11 workers died in a tragic accident. The Johannesburg-based platinum miner said in a statement…
Green Energy Projects: Can Africa Count On Germany…
In an effort to help Africa benefit more from its wealth of raw materials and support Europe's largest economy in its own transition to carbon neutrality, the German government on Monday pledged to invest $4.37…
Strong Passwords Are Important To Keep Hackers At…
Unauthorised access remains a major risk for anyone who uses a computer or high-tech devices such as tablets or smartphones. The consequences for victims could include the loss of bank account information, money or even…
Zambia Bond-Restructure Deal Rejected By China And France
Zambia’s official creditors co-led by People’s Republic of China and France rejected a revised agreement that the government reached with bondholders because it did not comply with "Comparability of Treatment,” leading to deadlock in the…
African Nations With The Highest And Lowest GDP…
Gross Domestic Product (GDP) projections are essential to define the economic strategies and policies of governments across the globe. They offer a reliable insight into a region's overall development trajectory, growth potential and economic health.…
Weak Currencies Driving Up Inflation In Sub-Saharan Africa:…
In Nigeria, food, transport and commodity prices have been forced higher by a fall in naira, the local currency - which has triggered a spike in foreign exchange rates and driven up inflation. But Nigeria…
Kenya Gets Additional $938 Million From IMF, What…
Kenya, a country in East Africa, and the International Monetary Fund (IMF), a major financial agency of the United Nations, have reached a staff-level agreement, unlocking $938 million in transfer. The agreement has boosted the…
Zimbabwe Platinum Miners Demand Delay In Export Tax;…
The platinum miners in Zimbabwe, a landlocked country in southern Africa, have urged the government to delay its planned 5% export tax on concentrates until 2025. According to a proposal submitted by the Chamber of…
Africa’s Geothermal Industry Could Be Bigger Than Europe’s…
Africa's geothermal power capacity is set to more than double in the next 7 years, according to Rystad Energy, with the consulting firm expecting the figure to reach 13 GW by 2050, up from just…
