Economy

Tanzania has exported its first consignment of processed cashew nuts to the United States, as the country seeks to move away from exporting raw nuts to value-added ones. The eight-tonne …

The Nigerian Communication Commission (NCC) says the telecommunication industry has recorded over $70 billion investment in the past 21 years. The Executive Vice Chairman of the NCC, Umar Danbatta, said this on …

Four South African labor unions took a step toward joining a strike over the government’s refusal to raise their pay by more than 3%. The unions, whose members include employees …

Power generation on the national grid increased by 834.8 megawatts between Monday and Wednesday morning, hitting a high of 4,863.7MW at 6am on Wednesday. Data obtained from the Abuja headquarters …

 Power outages have been reported in Nairobi, Mt Kenya and Coast areas, affecting thousands of businesses. A spot-check by Capital Business revealed that building in Nairobi Town were out of power, forcing businesses …

Johannesburg-based Standard Bank has announced its plans to expand into North Africa, particularly in Morocco and Egypt.  Africa’s largest lender by assets plans to enter the continent’s biggest economies to …

Recent news reports indicating that Morocco’s customs authorities (ADII) are adding a new round of tariffs on travelers bringing gifts and cash upon entering Morocco are “unfounded.” Speaking to Moroccan …

MTN’s Mobile Money (MoMo) service in Ghana is taking a hit from the introduction of a levy on electronic transfers which came into effect in May, with revenue from person-to-person …

Elon Musk said the premium version of Twitter, called Blue, will cost $8 (R145) a month and will include a verified check mark for paying users’ accounts. Musk, who acquired …

Flour Mills of Nigeria Plc has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the challenging macroeconomic environment. A statement by the …