Forbes’ latest report reveals that Africa’s billionaires have amassed a combined wealth of $105 billion, a significant Increase from $82.4 billion the previous year. This marks the first time their …
Economy
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AfricaALGERIABusiness and EconomyEgyptFinance & ServicesMoroccoNigeriaTANZANIA
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Business and EconomyGOVERNMENTNigeriaPoliticsWestern Africa
Reps Pass Bill to Grant Nigerian Citizenship to Foreign Investors
The House of Representatives has passed a bill that will allow foreign investors to acquire Nigerian citizenship, a move aimed at attracting more investment into the country. The bill, which …
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Eastern AfricaEconomyEnergyEthiopiaGOVERNMENTPoliciesTransportation & Logisitics
Ethiopian Government Raises Fuel Prices Amid Scarcity and Black Market Surge
The Ethiopian government has once again increased fuel prices, raising concerns among citizens already grappling with widespread shortages and the rising cost of living. The new prices took effect on …
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Banking, Finance & InvestmentBusinessBusiness and EconomyNigeriaWestern Africa
Keystone Bank Takes Over Bacita Sugar Company Over N25.3 Billion Debt
Keystone Bank has taken full control of Bacita Sugar Company, also known as Josepdam Sugar Company, after the firm failed to repay a debt of N25.3 billion. The financial institution …
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AfricaAFRICA NEWSMALAWISouthern Africa
IMF says Malawi economy stabilizing under Chakwera
by Editorby EditorThe International Monetary Fund (IMF) has claimed that President Lazarus Chakwera’s government is making efforts in stabilizing the country’s economy. The IMF delegation led by first deputy manager Gita Gopinath …
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AFRICA NEWSEastern AfricaEconomyUncategorized
Somalia’s economic potential under the spotlight
by Editorby EditorSomalia’s economic potential has been under the spotlight for the past two days at a gathering of the Somali government, international partners, local entrepreneurs and foreign firms, with the goal …
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AfricaAFRICA NEWSAgricultureEconomyEducationHospitalNorth Africa
Overpopulation Egypt’s biggest obstacle for economic prosperity, says El Sisi
by Editorby EditorPresident said high birth rates are the main reasons behind the country’s struggling education and health sectors Egypt’s high birth rate and its population, the largest in the Arab world, was described …
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AFRICA NEWSEconomy
Libyan Legislative and Executive Bodies Spend $770 Million in 8 Months
by Editorby EditorNew financial records reveal that Libyan legislative and executive bodies have spent over $770 million in public funds during the first 8 months of 2023. The vast majority of these …
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EconomyFinance & ServicesKenya News
Incoming Treasury CS To Focus On Sustainable Reforms In Reviving Economy
Incoming Treasury CS Njuguna Ndung’u has committed to instill sustainable reforms in his new office in a bid to stabilize the economy which has been battered by multiple shocks. Speaking …
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The laundry list of challenges confronting South Africa is a massive headache for Cyril Ramaphosa heading into governing-party elections in December and a national vote in 2024. The economy is …