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 …
Tag:
ECONOMIC GROWTH
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Business and EconomyFinance & ServicesINVESTMENTNigeriaPoliciesWestern Africa
Nigeria’s Interest Rate Among Top Five Globally, Says MPC Member
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 …
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DevelopmentEconomyPolicies
South African Reserve Bank Considers Revising Inflation Targeting Framework Amid Growth Concerns
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. …
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Business and EconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaPoliciesWestern Africa
Nigeria’s DMO to Issue N300bn Sukuk Bond for Infrastructure Projects
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 …
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AgricultureDevelopmentEconomyFood ProductionGOVERNMENTNigeriaPoliciesSecurityWestern Africa
Lagos Unveils Three-Pillar Proposal to Tackle Food Insecurity
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 …
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EconomyNigeriaTrade and CommerceWestern Africa
Nigeria’s Maritime Trade Hits N130.8 Trillion in 2024
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 …
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Business PoliciesEconomyFinance & Services
Nigeria and Brazil Forge $1.1 Billion Pact to Enhance Food Security
In a significant move to bolster agricultural productivity and ensure food security, Nigeria and Brazil have entered into a $1.1 billion agreement. This collaboration aims to enhance Nigeria’s agricultural infrastructure …
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AgribusinessAgricultureBusinessBusiness and EconomyFood ProductionFood ProductionNigeriaTrade and CommerceWestern Africa
Nigeria’s Cashew Industry Poised for Growth as Stakeholders Push for Sustainability
Nigeria’s Cashew Industry Poised for Growth as Stakeholders Push for Sustainability As Nigeria’s cashew season begins, industry stakeholders are calling for renewed efforts to strengthen the sector through sustainable farming …
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Business PoliciesEconomyFinance & Services
Economists Criticize SARB’s Decision to Maintain Interest Rates Amid Economic Challenges
The South African Reserve Bank (SARB) recently opted to keep the benchmark interest rate steady at 7.5%, a move that has drawn criticism from economists who believe the central bank …
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AfricaAFRICA NEWSALGERIANorth AfricaNorthern Africa
As Algerian oil is verging on $100: Economic growth to speed up the pace
by Editorby EditorGrowth in Algeria is expected to accelerate further in 2024, at a sustained pace over the past two years, reflecting not only the current rise in oil prices but also …