Despite a decline in overall employment figures, South Africa’s average earnings have outpaced inflation—giving workers real wage gains. However, salary experts are advising employees to manage their expectations going into …
Category:
Economy
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BusinessEconomyGOVERNMENTTelecommunicationsTOGOWestern Africa
Togo’s Tax Revenue Hits CFA258 Billion in Q1 2025, Boosted by Telecoms Levy and Corporate Tax Growth
The Togolese Revenue Office (OTR) has announced that it collected a total of 258.06 billion CFA francs in tax revenue during the first quarter of 2025. This figure represents a …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesLeadershipPolicies
Paul Russo Elected as New Chairman of Kenya Bankers Association
KCB Group’s Chief Executive Officer, Mr Paul Russo, has been elected as the new Chairman of the Kenya Bankers Association (KBA), the umbrella body that represents all commercial banks in …
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The Debt Management Office (DMO) has announced the offer of Federal Government of Nigeria (FGN) bonds worth ₦100 billion for public subscription at an interest rate of 19.3 percent per …
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AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsMiddle eastNewsSouth Africa
South African Rand Strengthens on Israel-Iran Ceasefire and Market Optimism
The South African rand strengthened against the U.S. dollar in early Tuesday trade, buoyed by a broad risk-on sentiment following U.S. President Donald Trump’s announcement of a ceasefire between Israel …
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BusinessBusiness PoliciesEconomyFinance & ServicesMarketsPolicies
Naira Trades at ₦1,548 Official Rate, ₦1,592 on Black Market as Forex Gap Widens
The naira traded at ₦1,548.52 to one US dollar on the official Central Bank of Nigeria (CBN) window as of June 23, 2025, reflecting continued pressure on Nigeria’s foreign exchange …
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AgricultureDevelopmentEconomyEnvironmentFood ProductionSecurity
Olam Agri, IDH, Arzikin Noma Partner to Boost Soybean Production
Olam Agri, in collaboration with IDH and Nigerian agricultural development firm Arzikin Noma, has announced a new partnership aimed at boosting soybean production across farming communities in Kwara State. The …
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EconomyEnergyNigeriaOil & GasPoliticsTransportation & Logisitics
Petrol Hits N945 in Abuja, N915 in Lagos as Depots
Petrol pump prices rose sharply across the country on Monday, with filling stations operated by the Nigerian National Petroleum Company Limited (NNPCL) adjusting their rates to N945 per litre in …
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AgricultureEconomyInternational RelationsTrade and Commerce
WTO Sets Up Panels to Tackle Canada-China Trade Disputes Over Tariffs on Cars
The World Trade Organisation (WTO) has announced the creation of two separate expert panels to examine ongoing trade tensions between China and Canada. This development, disclosed on Monday, follows formal …
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EconomyKenya NewsTechnologyTransportation & Logisitics
Kenyan E-commerce Shoppers Lose Patience with Posta Over Delays
A growing number of online shoppers in Kenya are raising complaints about poor service delivery from the Postal Corporation of Kenya (Posta), especially regarding international parcels ordered through platforms like …