As Nigeria’s federal budget proposal surges past an unprecedented N20 trillion, capital expenditure which covers projects with direct impact on citizens is receiving no extra funding from last year, according …
Category:
Economy
Kumba Iron Ore, a subsidiary of Anglo American, has warned its production will be hit by the organization-wide strike at Transnet. Kumba on Monday said it had received a notice …
- AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
World Bank classifies Ghana as high debt distressed country, projects debt to GDP of 104%
The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6 per cent by the end …
- AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Judge Bernard Ngoepe bows out as SA’s first Tax Ombud
Judge Bernard Ngoepe has officially ended his time as South Africa’s first Tax Ombud. Ngoepe held the role for three terms, from 2013 until 30 September 2022. The finance ministry said …
- AfricaAFRICA NEWSBusinessEconomyEnergyNewsOil & GasSouth AfricaSouthern Africa
Loss-making PetroSA seeks CEO to lead revamp
PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies , according to its interim chairman. The state-owned oil …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Buhari presents N20.5tr Budget, says it was prepared amid challenging economy
President Muhammadu Buhari on Friday, presented the 2023 appropriation bill to a joint session of the National Assembly in Abuja. According to the president, the 2023 Budget was prepared amidst …
- AfricaAFRICA NEWSAgricultureBanking, Finance & InvestmentBusinessEconomyNewsNigeria
ASA 2022: Sterling Bank, Microsoft others to unlock $1trn
Sterling Bank Plc has announced plans with her partners, Leadway Assurance, Nestle Nigeria Plc, Microsoft Nigeria, Thrive Agric, GIZ, Stears Data among others, to unlock $1trillion in Africa’s agricultural sector, …
- BusinessEconomyEthiopiaSafaricomTelecommunications
Safaricom launches a commercial service in Addis as Ethiopia telecom to face stiff competition
Safaricom Ethiopia launches commercial services in Addis Ababa, ending the half-century old telecom monopoly that was under the control of Ethiopia telecom. At a press briefing held at the Hayatt …
- Banking, Finance & InvestmentBusinessEconomyEthiopia
Central Bank of Ethiopia freezes accounts of 392 currency dealers
The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market. Yinager Dessie (PhD), governor of the …
- AviationEconomyKenya NewsTransportation & Logisitics
Kenya Airports Authority plans to Conduct its 1st Test Flight on the newly refurbished Terminal 1B
The Kenya Airports Authority (KAA) has announced plans to conduct its first test flight on the newly refurbished Terminal 1B at the Jomo Kenyatta International Airport (JKIA) on 15th October …