Harare, Zimbabwe – Zimbabwe’s gold mining sector has recorded strong growth in May 2025, with official figures showing a 27.6 per cent rise in deliveries compared to the same period …
Economy
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AfricaBusinessEconomyFinance & ServicesNatural ResourcesPolicies
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EconomyGOVERNMENTInnovationNigeriaTechnology
NIMASA Gets Commendation from BPSR for Embracing Reforms and Automation
The Bureau of Public Service Reforms (BPSR) has commended the Nigerian Maritime Administration and Safety Agency (NIMASA) for its proactive and forward-looking approach to institutional reform and system automation. This …
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EconomyELECTRICITYEnergyGOVERNMENTInfrastructureNigeriaOil & Gas
Gas Producers Urge FG to Clear N2.7tn Legacy Debt,
Gas-producing companies in Nigeria have renewed calls for the Federal Government to urgently address the N2.7 trillion legacy debt owed to them for gas supplied to electricity generation companies (GenCos). …
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ASIABusinessEconomyGlobal NewsNigeriaTrade and CommerceWestern Africa
CMA CGM to Begin $1,200 Peak Season Surcharge on Nigerian and West African
Global shipping company, CMA CGM, has announced that from June 15, 2025, it will begin charging a $1,200 Peak Season Surcharge (PSS) per twenty-foot equivalent unit (TEU) on all cargoes …
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EconomyFinance & ServicesGOVERNMENTKenyaPolicies
Kenyan Government Cuts Ksh314 Billion from 2025 Finance Bill
The Kenyan government has announced a major change in its financial plans by cutting down its revenue target in the 2025 Finance Bill by Ksh314 billion. This decision comes after …
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AfricaDevelopmentEconomyGOVERNMENTINVESTMENTNorth AfricaPolicies
Algeria Moves to Boost Exports to Libya, Targets $3 Billion in Annual Trade.
The Algerian government has taken fresh steps to strengthen its economic presence in Libya, holding a high-level meeting with local banks and export companies to tackle the challenges facing exporters …
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CorruptionEconomyInternational RelationsINVESTMENTPolicies
EU Removes UAE From Money Laundering Watchlist, Adds Algeria, Lebanon, Others.
The European Union (EU) has officially removed the United Arab Emirates (UAE) from its list of high-risk countries for money laundering and terrorist financing. The announcement, made on Tuesday, brings …
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EconomyEnergyGOVERNMENTPoliciesPolitics
Ghana’s Energy Levy Sparks Political Firestorm: Majority Defends, Minority Calls It Betrayal.
The introduction of the Energy Sector Levies (Amendment) Bill, 2025 in Ghana’s Parliament has sparked strong political debate between the Majority and the Minority, with accusations of deception, betrayal, and …
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AfricaEconomyLabourMarketsTrade and Commerce
Global Growth Slows to Lowest in 17 Years, Africa Faces Risks Amid Trade Tensions and Uncertainty.
The World Bank has reduced growth forecasts for nearly 70 percent of the world’s economies due to rising trade tensions and policy uncertainty. In its latest Global Economic Prospects report, …
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AgricultureEconomyNatural ResourcesTrade and Commerce
Uganda’s Goods Exports Surge in April, Narrowing Trade Deficit Growth Despite High Imports.
Uganda’s economy received a strong push in April as goods exports recorded their fastest growth in over a year, giving hope to the country’s trade outlook. According to official data …