The Naira further depreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Tuesday, September 6. According to data from the …
Economy
-
-
BusinessEconomyInformation & TechnologyMorocco
Morocco’s Digital Development Agency associate with Minsait to Launch a Data Sharing Platform
Morocco’s Agency for Digital Development (ADD) is joining forces with the Spanish company Minsait, a leading firm in digital transformation consultancy and information technologies, to establish a data sharing platform. …
-
AfricaAFRICA NEWSBuildingEconomyNewsSouth AfricaSouthern Africa
South Africa’s GDP shrinks as load shedding continues to hurt the economy
After a surprise growth in the first quarter of the year, South Africa’s gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022, Statistics South Africa reported …
-
Global economists have marginally upgraded Kenya’s growth outlook for this year following the peaceful conclusion of a closely-contested presidential vote despite soaring cost of living and mounting public debt stress. …
-
The chief executive of the Rural Electrification and Energy Corporation (REREC) Peter Mbugua is among top managers at the State corporation who have been suspended over fake surveys estimated to …
-
Morocco’s nuclear safety agency, AMSSNuR is joining forces with the International Atomic Energy Agency (AIEA) to boost Africa’s know-how on nuclear safety. Through a series of training sessions, AMSSNuR and …
-
BusinessEconomyFood ProductionKenya
Fish imported from China hit Sh2bn and controls by 83pc of market
The value of fish imported from China grew by 25 per cent to hit a historic high of Sh2 billion last year amid rising disquiet from local traders who have …
-
AfricaAFRICA NEWSBinanceBuildingEconomyNewsNigeriaSpotlightTechnologyWestern Africa
Nigeria, Binance in early-stage talks for the first virtual free zone in west Africa
The Nigeria Export Processing Zones Authority (NEPZA) is in discussions with crypto exchange Binance and technology infrastructure company Talent City to create a digital city, referred to as a “Virtual …
-
AfricaAFRICA NEWSBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt Prepares for Flagship United Nations (UN) Climate Conference
Regional authorities in Egypt, the host country of the 2022 UN climate conference (COP27), are ramping up initiatives designed to improve the country’s environmental credentials, and speed up its transition …
-
AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt set to resume government IPO program
The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …