Economy

Banknotes featuring a portrait of King Charles III are expected to enter circulation by the middle of 2024, the Bank of England said Tuesday. The central bank will reveal the …

Ghana began talks with the International Monetary Fund on Monday for an IMF-supported lending programme, the government said in a statement, in a bid to reduce economic hardship that spurred …

The Egyptian energy sector represents 13 percent of the gross domestic product (GDP) positioning as one of the main factors driving economic and social development, according to the Information and …

Egypt aims to raise  its digital exports during the current fiscal year 2022/2023 to $5.5 billion, with an annual increase of 13 percent, according to Reuters. The Assistant Minister of …

Major electricity distribution companies in Nigeria on Monday announced a fresh national grid collapse which has led to loss of supply across the country. The collapse occurred late Monday morning …

The United Kingdom (UK) has announced plans to reintroduce tax-free shopping for overseas visitors to boost the country’s retail sector. Kwasi Kwarteng, UK finance minister and chancellor of the Exchequer, …

Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion in October as proceeds from the sale of domestic crude oil in July …

The Senate Committee on Federal Capital Territory (FCT) has asked the federal government to tax unoccupied houses in the territory as a way of generating revenue and reducing housing deficit. …

The African Development Bank (AfDB), Islamic Development Bank (IsDB), and the French Development Agency (FDA), have disclosed plans to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE) …