Foreign debt servicing is set to consume nearly 30% of Ethiopia’s proposed federal budget for the 2025/26 fiscal year, Finance Minister Ahmed Shide told lawmakers on Tuesday, as the country …
Eastern AfricaEconomyFinance & ServicesPolicies
Category:
Economy
- BusinessEconomyINVESTMENTPoliciesSouth AfricaTrade and Commerce
South African Business Confidence Improves Slightly in May Amid Strong Rand and Commodity Rally
Business confidence in South Africa picked up modestly in May, rebounding from a sharp decline in April, according to data released by the South African Chamber of Commerce and Industry …
- DevelopmentEconomyFinance & ServicesInternational RelationsLeadershipWestern Africa
AfDB Governors to Choose Adesina’s Successor as Presidency Winds Down
The 60th Annual Meetings of the Board of Governors of the African Development Bank (AfDB) have wrapped up in Abidjan, Côte d’Ivoire, with one of the top items on the …
- EconomyEnvironmentGOVERNMENTInternational RelationsNigeria
Nigeria Reaffirms Commitment to Ocean Protection at Monaco Blue Economy Forum
Nigeria has reiterated its commitment to the protection and sustainable management of ocean resources, with the Minister of Marine and Blue Economy, Adegboyega Oyetola, representing the country at the Blue …
- AfricaAgricultureBusinessEconomyGhanaWestern Africa
Ghana’s Economy Expands by 5.3% in Q1, Driven by Services and Agriculture.
Ghana’s economy is showing strong signs of recovery, with growth picking up speed in the first quarter of 2025. According to figures released on Wednesday by the Ghana Statistical Service …
- Business and EconomyEconomyTrade and CommerceZIMBABWE
OK Zimbabwe Faces Deep Trouble as Food Lovers Market in Borrowdale, Set to Shut Down.
The planned closure of Food Lovers Market branches in Borrowdale and Avondale in Harare is raising fresh concerns over the future of OK Zimbabwe, the country’s largest retail group. The …
- AfricaBusinessEconomyFinance & ServicesNatural ResourcesPolicies
Zimbabwe’s Gold Production Up 27% in May 2025 as Small-Scale Miners Drive Growth.
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 …
- 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 …
- 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). …
- 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 …