Nascon Allied Industries Plc has reported a remarkable 77 percent growth in its revenue for the first quarter of 2025. According to the company’s unaudited financial report for the period …
Category:
Africa
President of African Development Bank (AfDB), Dr Akinwumi Adesina, has raised alarm over the huge economic losses Africa is facing due to climate change. He said the continent is currently …
- AfricaBusiness InsightsDevelopmentEconomyNigeria
IMF Tells African Governments to Focus More on Private Sector to Survive Global Economic Problems
The International Monetary Fund (IMF) has told African governments to stop depending too much on public spending and instead focus on supporting the private sector. According to the IMF, this …
- AfricaBusiness InsightsEconomyInternational RelationsINVESTMENTManufacturingNigeriaPoliciesSouth AfricaSpotlightTrade and Commerce
Trump’s Tariff War Shakes African Economies, Sparks Fresh Push for Trade Alternatives
The recent trade decision by United States President Donald Trump is now causing serious economic pressure across Africa. President Trump, under his “Liberation Day” trade policy, has introduced fresh tariffs …
- AfricaBusiness InsightsEastern AfricaEconomyFood ProductionKenyaPolicies
Kenya’s Inflation Hits 4.1% in April, Driven by Rising Food and Utility Prices
The inflation rate in Kenya has climbed to 4.1% in April 2025, rising from 3.6% recorded in March. This is according to new data released by the Kenya National Bureau …
- AfricaEconomyGlobal NewsNigeriaPoliticsTrade and Commerce
WTO Warns of Sharp Drop in Global Trade Amid Trump Tariff Uncertainty
The World Trade Organization (WTO) has issued a fresh warning that global trade is facing a serious setback in 2025, with North America expected to take the biggest hit. In …
- AfricaAgricultureEconomyEnergyNigeriaOil & GasPolitics
Oil Price Crash Hits African Producers Hard, Pushes Diversification Debate
The global oil market is in crisis again. In April 2025, the price of Brent crude oil dropped by more than 20%, sinking below $70 per barrel for the first …
- AfricaDevelopmentEconomyGOVERNMENTInternational Relations
Senator Jimoh Ibrahim Urges World Bank, IMF to Prioritise Data for Africa’s Growth
The senator representing Ondo South and Chairman of Global Fleet Group, Jimoh Ibrahim, has stressed the need for Africa to embrace data-driven development to boost its economy and governance. Speaking …
- AfricaBusinessEconomyFEATURED NEWSInfrastructureNigeriaReal EstateWestern Africa
Meritabode Unveils Emerald Haven Estate to Tackle Nigeria’s Housing Deficit
Meritabode Nigeria Limited, a top real estate company in the country, has launched a new estate project named Emerald Haven Estate to help reduce Nigeria’s growing housing deficit. Speaking at …
- AfricaAFRICA NEWSBusiness and EconomyBusiness Policies
Ride-Hailing Drivers Plan Nationwide Strike on May 1 Over Low Pay, High Commission
Thousands of ride-hailing drivers across major platforms including Uber, Bolt, Lagride, inDrive, and Rida are planning to stop work for 24 hours on May 1, 2025, over poor pay and …