The Federal Government has approved a ₦4 trillion debt refinancing plan for Nigeria’s power sector, a move aimed at clearing long-standing arrears owed to power generation companies and improving electricity …
Egypt’s Prime Minister Mostafa Madbouly has defended his government’s decision to offer unused state-owned lands for investment in partnership with the private sector, insisting that the initiative is about unlocking …
A South African court has cancelled the environmental authorisation that allowed TotalEnergies and its joint venture partner, Shell, to carry out offshore oil exploration off the country’s west coast near …
The South African rand eased slightly in early trading on Thursday, pausing after two straight sessions of gains driven by a softer U.S. dollar. At 06:41 GMT, the rand was …
Nigeria’s Chief of Defence Staff, General Christopher Musa, has defended the country’s military operations against insurgents and armed criminal gangs, saying the armed forces are doing everything possible to avoid …
Egypt and China have sealed a landmark $1 billion agreement to establish a major tire manufacturing facility in the Suez Canal Economic Zone (SCZONE), a move aimed at boosting Egypt’s …
Several economic indicators, company announcements, debt and currency market developments, and political events are expected to influence African markets on Thursday, with movements already being seen across global markets, commodity …
Egypt has taken a big step to ease the tax burden on small and micro-enterprises by making its simplified tax system a permanent feature of the country’s business environment. The …
President Bola Ahmed Tinubu has set an ambitious goal for Nigeria’s economy, announcing on Wednesday that his administration is targeting 7% annual economic growth by 2027. He said this would …
Rwanda’s agricultural sector has received a major boost as the Government of Rwanda and the African Development Bank Group (AfDB) move forward with plans for the second phase of the …