Tanzania’s gold mining sector has recorded a major boost in the last four years, with total gold production rising sharply from 18,210 kilograms in 2021 to 27,000 kilograms by 2025. …
Business and EconomyINVESTMENTPoliticsTANZANIA
- BusinessBusiness InsightsEastern AfricaEconomyFinance & ServicesSouthern Africa
Ugandan Shilling, Zambian Kwacha to Strengthen on Export Gains
In recent weeks, currency traders across Africa have been closely watching movements in local markets, with particular focus on the Ugandan shilling and the Zambian kwacha. Both currencies are now …
- AFRICA NEWSEconomyEnergyEnvironmentInfrastructureINVESTMENT
Mozambique Secures $6.4bn World Bank Deal for Mphanda Nkuwa Dam
The World Bank has agreed to finance the construction of the Mphanda Nkuwa hydropower plant in Mozambique. The massive project is valued at US$6.4 billion (about 406.4 billion meticais) and …
- AFRICA NEWSBusinessCrimeEconomyGOVERNMENT
Zambia Police Arrest Company Boss Over Alleged Theft of K575,000
The Zambia Police Service has arrested the Managing Director of a private firm, Mr. Abel Ng’andu, over allegations that he stole company money and used it for personal purposes. Mr. …
- BusinessDangote IndustriesEconomyEnergyLabourOil & Gas
NOGASA Threatens to Halt Operations Over Dangote Refinery’s Direct Distribution Plan
The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has threatened to suspend its operations if Dangote Refinery proceeds with its planned direct distribution of petroleum products to end …
- CorruptionCrimeEconomyFinance & ServicesNigeria
SAN Wahab Shittu Warns Nigerians Against Naira Mutilation
A Senior Advocate of Nigeria (SAN), Dr. Wahab Shittu, has issued a stern warning to Nigerians against the mutilation and abuse of the naira, stressing that such acts damage public …
- Banking, Finance & InvestmentDevelopmentEducationFinance & ServicesNigeria
Polaris Bank Empowers Over 3,000 Youths at 2025 Maracana Children’s Fest in Ajegunle
Polaris Bank has reaffirmed its commitment to youth empowerment and social inclusion by supporting the 2025 Maracana Children’s Fest, a grassroots event that impacted over 3,000 young Nigerians in Ajegunle, …
- EconomyInfrastructureINVESTMENTNigeriaReal Estate
Luxury Real Estate Booms in Lagos as Market Hits N3.2tn Value, Investors Eye 5.5% Yearly Yields
The luxury real estate market in Lagos State is fast becoming a top destination for investors, as the latest State of Lagos Housing Market Report (Vol. 3) reveals average rental …
- AfricaBusinessDevelopmentEconomyManufacturing
Egypt Approves $216M Free Zone Projects to Boost Jobs, Industry
The Ministerial Group for Industrial Development has approved three major private free zone industrial projects worth over $216.5 million, expected to generate more than 15,000 direct jobs across key manufacturing …
- AgricultureEconomyFood ProductionMarketsNigeriaSecurity
Lagos Poultry Association to Launch Direct Sales in LGAs, Eyes N1,000 Crate Reduction in Egg Prices
In a move aimed at reducing the cost of eggs and other poultry products in Lagos State, the Poultry Association of Nigeria (PAN), Lagos chapter, has announced plans to establish …