The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …
In a move to ensure stable electricity in Ondo State, Lincs Power Energy Solutions has joined hands with the state government to build a 5-megawatt power project. The project aims …
The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …
Africa’s energy sector is drawing attention from powerful global players, with Russia positioning itself as a key partner. The continent, rich in oil, gas, and other natural resources, stands at …
Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country’s unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the …
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …
The South African Reserve Bank (SARB) is contemplating adjustments to its longstanding inflation targeting framework, acknowledging that the current regime may be hindering economic growth and reducing the nation’s competitiveness. …
The Debt Management Office (DMO) has announced plans to issue a N300 billion Sukuk bond to fund infrastructure projects across Nigeria. This move is part of the government’s strategy to …
The Lagos State Government has introduced a three-pillar proposal to address Nigeria’s growing food insecurity, focusing on boosting food production, improving storage facilities, and reducing wastage. Speaking at the launch …
Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …