Nigeria’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real terms in the second quarter of 2022. The development is an improvement from the 3.11 percent growth recorded …
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- AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
Prime Minister appoints new head, deputy for Egyptian Stock Exchange
Egypt’s Prime Minister Mostafa Madbouli issued a decree on Thursday appointing Ramy El-Dokany as head of the Egyptian Stock Exchange (EGX) board and Hebatallah El-Serafy as his deputy for a …
- AfricaBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Central bank of Egypt cancels maximum deposit limits, increases cash withdrawals to LE 150,000.
The Central Bank of Egypt (CBE) on Thursday canceled the maximum limits for deposit operations for individuals and companies in bank branches and automated teller machines (ATMs). The CBE also …
- AfricaAFRICA NEWSEconomyEgyptNewsNorth AfricaNorthern Africa
IMF welcomes Egypt’s social protection program
The International Monetary Fund (IMF) welcomes the government’s social protection programs and does not force the state to take measures that harm Egyptian citizens, affirmed Egypt’s Prime Minister Moustafa Madbouli …
- AfricaAFRICA NEWSBusinessCOVID-19EconomyGhanaNewsWestern Africa
Ghana-India trade on the path to recovery after Covid-19 slowdown
Trade between Ghana and India is on the path of recovery after plummeting in 2020 as a result of the COVID-19 pandemic. After dropping by nearly a half from the …
- AfricaAFRICA NEWSBusinessEconomyEntrepreneurshipGhanaNewsWestern Africa
Ghanaian SMEs export Hausa Koko, coconut to Germany
Some young entrepreneurs have started exporting made-in-Ghana products, including millet mix for porridge (Hausa koko) and coconut to Germany. This was made known as 60 Small and Medium Enterprises (SMEs) …
- AfricaAFRICA NEWSGhanaNewsSPORTSpotlightWestern Africa
Fifa World Cup trophy arrives Ghana September 3
The fifth FIFA World Cup Trophy Tour by Coca-Cola will arrive in Accra on September 3, next month, giving Ghanaian fans the chance to experience football’s most coveted prize as …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Generation Companies lament poor remittances for electricity consumed
The association of power generation companies (APGC) Nigeria says members are owed N1.75 trillion for power generated for the electricity market since 2013. Joy Ogaji, executive secretary, APGC, made this …
- AfricaAFRICA NEWSBusinessManufacturing & Consumer GoodsNewsNigeriaWestern Africa
Isyaku Rabiu resigns as executive director of BUA foods over regulatory guidelines
BUA Foods Plc, a subsidiary of BUA Group, has announced the resignation of Isyaku Rabiu as executive director of the company. The development is coming less than one year after …
- AfricaEconomyGlobal NewsNewsNigeriaTransportation & LogisiticsWestern Africa
Nigeria emerges second highest recipient of UK’s Worker Visas after India
Nigerian nationals emerged as the second highest recipients of United Kingdom’s Worker Visas between December 2019 to June 2022. Nigeria was only topped by Indian nationals whose recipients increased from 57,087 to 102,981 …