Business

Botswana’s economy is facing fresh pressure as Citigroup Inc. has warned that the country may need to devalue its currency further, following a sharp drop in diamond revenues. The Bank …

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 …

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. …

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 …

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 …

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 …

Craneburg EKSG Motorway Company Plc has officially listed its N32.5 billion, 20-year, 22 per cent senior guaranteed fixed-rate infrastructure bond on the Nigerian Exchange Limited (NGX). The bond was admitted …

British businesses are showing growing interest in Nigeria and other African countries as the continent becomes a key target for international investments. This development is driven by Africa’s vast mineral …

Union Bank of Nigeria Plc has promoted about 24 percent of its workforce following the conclusion of its annual staff assessment and performance evaluation exercise. The bank made this known …

China has sent a fleet of 31 pure electric mining trucks to Zambia, marking a major step in introducing green technology to Africa’s mining industry. The shipment, organized by Chinese …