South Africa’s currency, the rand, started Thursday morning on the back foot, as global and local uncertainties kept investors cautious. By 6:35am GMT, the rand was trading at 18.8550 against …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
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Kenya Land Dispute Shakes Tea Industry, Raises New Fears for Foreign Investment
A serious land dispute is currently shaking Kenya’s tea industry, as tension rises between local communities and foreign-owned tea estates in Nandi County. At the heart of the crisis is …
- Banking, Finance & InvestmentEconomySouthern Africa
Botswana Keeps Interest Rate at 1.90% Again, Says Inflation Still Under Control
The Central Bank of Botswana has again decided to maintain the country’s main interest rate at 1.90%, marking the fourth time in a row that the rate has stayed unchanged. …
- BusinessEconomyINVESTMENTMarketsPoliticsTrade and Commerce
Trump’s Tariff Policy Stirs Fresh Fears of U.S. Recession as Business Leaders and Economists Warn of Consequences
President Donald Trump’s recent decision to impose fresh tariffs on several imports has sparked serious conversations about the health of the U.S. economy. Many business experts and top economists have …
In a quiet corner of Santa Barbara, California, American tech giant Google is working on what may be its boldest project yet – building one of the most powerful quantum …
- EconomyEnergyGOVERNMENTInfrastructurePolicies
Nigeria cuts electricity subsidies by 35% after tariff hike
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
- BusinessBusiness InsightsDevelopmentEconomyInternational Relations
Nigeria signs minerals pact with South Africa in diversification push
Nigeria and South Africa have signed a new agreement to work together in the mining sector. Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, made this announcement on Thursday, …
- AFRICA NEWSEconomyPolicies
South Africa finance minister says dropping VAT hike would have severe consequences
South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …
- AfricaBusinessBusiness InsightsReal EstateTechnologyTravel & Tourism
Africa Rising: How Digital Nomads Are Turning the Continent into a Remote Work Hub
In 2014, British digital nomad Ben Jones landed in Ghana after a chance meeting at a Bitcoin event in Berlin. He had been invited to join the Meltwater Entrepreneurial School …
- BusinessEnergyEnvironmentInternational RelationsINVESTMENT
UAE’s Africa push prompts cautious optimism
The United Arab Emirates (UAE) has now become the biggest foreign investor in Africa’s new business projects, with a total commitment of $110 billion between 2019 and 2023. Out of …