President Bola Ahmed Tinubu will deliver a keynote address at the 2025 edition of African Energy Week (AEW) in Cape Town, South Africa. The event, which will take place in …
Economy
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AfricaDevelopmentEconomyEnergyGOVERNMENTINVESTMENTOil & Gas
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Banking, Finance & InvestmentEconomyFinance & ServicesInsuranceMarketsNigeriaOil & Gas
Nigerian Stock Market Gains N1.18tn in One Day as Insurance
The Nigerian Exchange (NGX) closed strong on Wednesday, 19 June 2025, with investors showing renewed interest in insurance and oil and gas stocks, pushing the market capitalisation up by ₦1.18 …
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BusinessEastern AfricaEconomyFinance & ServicesGOVERNMENTNewsPoliciesTechnology
East African Nations Urged to Embrace Digital VAT Reforms
Tax experts and policy makers have called on East African countries to fully embrace digital systems in the collection of Value Added Tax (VAT) to improve compliance, close revenue gaps, …
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BusinessEconomyFinance & ServicesNewsPoliciesSouth Africa
South Africa’s Inflation Holds Steady at 2.8% in May
South Africa’s headline inflation rate remained unchanged at 2.8% year-on-year in May 2025, according to data released on Wednesday by Statistics South Africa. The figure matches the April reading and …
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The South African rand saw a slight recovery in early morning trade on Wednesday, ahead of important economic data releases and a key interest rate decision from the United States …
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AFRICA NEWSBusinessEconomyINVESTMENTReal EstateTravel & Tourism
Over R1 Billion Spent by Foreigners on Cape Town Property
International buyers have poured over R1 billion into buying homes and properties in Cape Town, South Africa, in just the first five months of 2025. This was revealed by Seeff …
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EconomyGOVERNMENTInfrastructureINVESTMENTNigeriaPolicies
Nigeria’s Infrastructure Boss Woos Investors
The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, has declared Nigeria open for business and ready for global partnerships, urging both local and international investors to tap …
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The International Labour Organisation (ILO) has adopted its first-ever international labour standards aimed at safeguarding workers from biological hazards in the workplace. This historic move is expected to significantly improve …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has directed that all crude oil and petroleum product exporters must obtain an export permit, vessel clearance, and a Unique Identification Number (UIN) …
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AfricaBusinessDevelopmentEconomyInnovationINVESTMENTNigeriaPoliciesTechnology
Nigeria’s Space Economy Can Add $1bn to GDP Annually
The President of the Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, has said that Nigeria’s space economy has the potential to contribute at least $1 billion yearly …