Economy

Kenya and Uganda have resumed trading in sugar and milk after a memorandum was signed by Presidents William Ruto and Yoweri Museveni in Nairobi. This development has alleviated longstanding issues …

The National Bureau of Statistics (NBS) reported on Friday that Nigeria’s Gross Domestic Product (GDP) decreased by 2.98% in the first quarter (Q1) of 2024. According to the latest report …

Data from the National Bureau of Statistics (NBS) indicated that Nigeria’s financial services sector contributed N3.8 trillion to the country’s Gross Domestic Product (GDP) in 2023, marking a 26.5% increase …

The Central Bank of Nigeria (CBN) recently raised the interest rate by 150 basis points to 26.25% from 24.75%. Customers with outstanding loans will begin to see an increase in …

DP World’s container terminal at the Port of Dakar has set a new record by handling 77,680 twenty-foot equivalent units (TEUs) in April 2024, surpassing the previous 76,282 set in …

Enlumi, headquartered in Lagos has announced the launch of its B2B product—Lumi Business. The platform offers a comprehensive array of solutions, including but not limited to Point of Sale, Inventory …

Malawi’s President Lazarus Chakwera has ordered police to tighten border security to control tobacco smugglers who sell the crop to neighbouring countries for better prices. However, analysts and some farmers …

The vassalization of Tunisia by Algeria continues to draw criticism among the Tunisian political class. Recently Neji Jelloul, a political party leader, called on Tunisian authorities to safeguard the country’s …

Namibia aims to become a member of OPEC as it anticipates a surge in large-scale oil production. The southern African nation is gearing up to potentially rank as the continent’s …

France is gradually tilting towards an outright recognition of Morocco’s sovereignty over the Sahara territory where it said Paris is ready to back Morocco’s investments. The position to back Morocco’s …