Economy

Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …

Trade experts, private sector leaders, and government officials in the East African Community (EAC) have called on member states to urgently ratify changes to the Customs Union rules to speed …

The Central Bank of Libya (CBL) has announced fresh regulations for depositing foreign currency cash into bank accounts, a move the authorities say is aimed at improving transparency, strengthening financial …

The commune of Gbon, in Côte d’Ivoire’s Bagoué region, came alive on Sunday, August 10, 2025, as the second edition of the Women’s Excellence Day took place. The event, organised …

Mahindra South Africa has taken another big step in its journey in the country with the opening of a new semi-knocked down (SKD) vehicle assembly plant at the Dube TradePort …

The Fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) ended in Grenada with over US $300 million in deals signed and a strong commitment to deepen Africa–Caribbean collaboration. Co-hosted by Afreximbank …

The South African rand remained stable in early trading on Tuesday as investors awaited key domestic economic data. At 6:18 a.m. GMT, the rand was trading at 17.74 to the …

Peabody Energy, a mining company based in the United States, is expected to announce on August 19 whether it will continue with its $3.78 billion bid to buy Anglo American’s …

Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …

Nigeria’s non-oil exports rose to $3.225bn in the first half of 2025, showing a strong performance in the country’s drive to diversify its economy. This figure is a 19.59 per …