The State will pay oil marketers an estimated Sh24 billion in the largest monthly fuel subsidy to keep pump prices unchanged and ease public anger over the rising cost of …
Eastern AfricaEconomyOil & Gas
Category:
Economy
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaOil & GasWestern Africa
Federal Government of Nigeria inaugurates team to tackle gas flaring
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …
Tea prices at the weekly Mombasa auction increased slightly last week even as volumes traded remained steady. At the auction, a kilo averaged USD2.21(Sh263.99) up from USD2.20(Sh262.79) in the previous …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt plans to issue $6B Eurobonds in FY 2022/2023
Egypt is planning to issue Eurobonds worth around $5 billion to $6 billion during fiscal year (FY) 2022/2023, an informed government source told Asharq Business on August 14th. It is worth mentioning …
- AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
‘Tax the rich, increase salaries by 50%’, NLC writes to the Federal government of Nigeria
The Nigerian Labour Congress (NLC) has asked the federal government of Nigeria to raise taxes across the board for the ‘rich’ and ensure that governors above 50 years resign. The …
- AfricaAFRICA NEWSAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
Nigeria incurs N3.5tn post-harvest loses annually, says Minister
The Federal Government of Nigeria on Thursday put the economic cost of post-harvest losses at N3.5 trillion annually in the Agricultural sector. The Minister of State for Agriculture and Rural …
- AgricultureEconomyMorrocco
Moroccan Fertilizers Tariffs should be suspended US Attorney, Tom Miller says
Earlier this week, US lawmaker and Iowa Attorney General, Tom Miller, joined farmers’ unions in calling the White House to waive tariffs on Moroccan fertilizers. Miller called on President Biden’s …
In the lead-up to the drafting of this year’s draft budget law, Morocco’s Head of Government, Aziz Akhanouch, announced that Morocco will continue to fund business creation programs such as …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaNewsWestern Africa
Bank of Ghana buys gold in cedis
A roadmap has been developed for the implementation of the Bank of Ghana Gold Purchase Programme. Consequently, the Economic Management Team, the Bank of Ghana, Ministry of Lands and Natural …
- BusinessEastern AfricaEconomyINVESTMENT
Uganda and Somali Business heeding to explore trade opportunities In Kampala
The Somali business community in the region is looking to explore trade opportunities in Uganda at the first ever business summit between the two countries to be held in Kampala. …