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Africa
Senegalese Opposition Coalition Unveils Campaign Platform
A Senegalese opposition coalition, supported by the influential figure Ousmane Sonko, launched its presidential…
Central African States Lift Sanctions, Reintegrate Gabon into Regional Bloc
The Economic Community of Central African States (ECCAS) decided to lift sanctions on Gabon and reintegrate it…
Africa’s gas production fields declining, AEC warns
NJ Ayuk, the Executive Chairman of the African Energy Chamber, has raised an alarm about the declining state of…
South Africa’s Current Account Deficit Widens Sharply in Fourth Quarter
South Africa's current account deficit significantly expanded in the fourth quarter of 2023, reaching 2.3% of…
Egyptian pound stable after devaluation, IMF deal
Egypt's currency remained stable at around 49.5 pounds to the dollar as the market opened on Thursday, following…
Ghana Faces $3.8 Billion Funding Cut Over Anti-LGBTQ Bill
The Ghanaian government stands to lose $3.8 billion in World Bank funding due to the recent passage of an…
Zambia Plans to Import and Ration Electricity Due to Drought
Zambia is grappling with a severe drought crisis, prompting President Hakainde Hichilema to announce plans to…
Ghana’s Parliament Faces Power Cut Over Unpaid Debt
Ghana's state-run electricity provider, ECG, took the drastic step of briefly cutting off power to the parliament…
ICC Orders Record Reparations for Victims of Ugandan Militia Commander
International Criminal Court (ICC) judges have ruled that nearly 50,000 victims of Ugandan militia commander…
Benin Republic’s Dollar Bond Oversubscribed, Raises $750m
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The…
Tullow Oil To Plan Temporary Halt in Ghana Drilling Operations
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling…
UBA Appoints new CEOs in Kenya and Sierra Leone
United Bank for Africa (UBA) Plc has announced the appointments of Mary Mulili and Mohamed Alhajie Samoura as the…
Alan Kyerematen Plans to Revitalize Ghana’s Economy
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great…
World Bank’s Managing Director to Embark on Visit to Nigeria
Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day…
NGX Regulation, IFRS, and FRC Nigeria Commits to Sustainability Reporting
The NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have reaffirmed their…
Ghana Cabinet Withdraws 15% VAT on Electricity
The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of…
Delta Air Lines Ranks 11th on 50 Most Admired Companies List
Delta Air Lines has secured the 11th position on Fortune Magazine's prestigious Top 50 Most Admired Companies…
Exit of Burkina Faso, Mali, and Niger Threatens ECOWAS Trade Relations
The potential withdrawal of Burkina Faso, Mali, and Niger Republic from the Economic Community of West African…
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted…
FG to Enforce Sanctions on Vessels Violating Maritime Regulations
During the arrival ceremony of the 'CMA CGM Scandola', the largest container vessel fueled by Liquefied Natural…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in…
Nigerians Express Disappointment on Transportation Cost Despite FGN’s…
Despite the Federal Government's initiative to provide a 50% fare rebate from December 21 to January 4, 2024,…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented…
Nigeria’s External Reserve Declines by $77m- CBN
In December 2023, Africa's largest economy, Nigeria, witnessed a decline in its external reserves, dropping by…
Angola Announces Exit from OPEC Amid Quota Dispute
Angola, the second-largest crude producer in Africa, has officially declared its departure from the Organization…
Kenyan Unit Trusts Increase Annual Returns to Attract Investments Amid Elevated…
Kenyan unit trusts are boosting their annual returns to remain competitive with the heightened rates offered on…
Kenyan Regulator Fines Carrefour Franchise $7.2 Million for Market Power Abuse
The Competition Authority of Kenya (CAK) has imposed a record $7.2 million fine on a Carrefour franchise in Kenya…
Central Bank of Kenya Faces Challenge as it Seeks to Control Government Borrowing…
The Central Bank of Kenya (CBK) is encountering a significant test in its efforts to manage the cost of…
TotalEnergies to Construct 216MW Solar Plant with Battery Storage in South Africa
TotalEnergies (TTEF.PA) announced on Friday its readiness to commence the construction of a groundbreaking…