Emmerson PLC, a British company producing fertilizers, announced today securing $6 million in investment funds to develop the in Khemisset, a town 100 kilometers east of Rabat. To secure the …
Category:
Economy
- BusinessEastern AfricaEconomyMarkets
KEBS Reassures Kenyans that Edible Oils And Fats In The Market Are Safe for consumption
The Kenya Bureau of Standards (KEBS) has assured Kenyans that the edible oils and fats in the market are safe for use except for specific batches it had listed on …
- BusinessEastern AfricaEconomy
Nairobi County Exempts freelance Photographers and Filmmakers From Paying Business Permit Fees
The Nairobi County Government has exempted freelance photographers and filmmakers from paying business permit fees. According to Finance and Economic Planning County Executive Lawrence Wambua, all photographers and filmmakers have …
- AfricaAFRICA NEWSBusinessEconomyEnergyNewsSouth AfricaSouthern Africa
Eskom, the dysfunctional power company wrecking South Africa’s economy
In late June, the coldest part of the Southern Hemisphere winter, the power went out in South Africa. For as many as eight hours a day, right into early July, traffic …
- Banking, Finance & InvestmentEastern AfricaEconomy
CBK under pressure from Wealthy investors and financiers to increase the cost of government borrowing rates
Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost of government borrowing as global hikes in …
- AfricaBusinessEconomyGlobal NewsNewsSpotlight
King Charles III will be on banknotes by mid-2024, Bank of England says
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 …
- AfricaBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt’s energy sector represents 13% of GDP
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 …
- AfricaBuildingEconomyEgyptNewsNorth AfricaNorthern AfricaTechnology
Egypt targets digital exports of $5.5B in 2022/23
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 …
- AfricaEconomyEnergyNewsNigeriaWestern Africa
Electricity distribution companies report another national grid collapse
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 …