According to the International Monetary Fund (IMF), Nigeria devotes the majority of its income to paying off its debt, leaving little money for important economic initiatives....
As part of its plan to restructure outside of its home market, South African grocery chain, Pick n Pay, announced on Monday that it would sell...
Angola’s finance minister has told journalists that falling oil prices put “lots of pressure” on the nation, predicting that prices would average between $70 and $72...
Abebe Aemro Selassie, director of the International Monetary Fund (IMF) Africa, has stated that countries in Sub-Saharan Africa that rely on commodity exports must change their...
Nigeria is aiming for remittance inflows of $1 billion per month and is thinking of issuing a diaspora bond in the US next year, the country’s...
The Nigerian government would levy a 15% Value Added Tax (VAT) on luxury products, according to the Minister of Finance and Coordinating Minister of the...
Mali accused Barrick Gold of not upholding promises made in a recent agreement but the Canadian miner refuted the accusations on Thursday, stating it did not...
Egypt has a $8 billion loan program, which the IMF said Thursday was “still appropriate” in size. The IMF says it will prioritise evaluating the effectiveness...
Without naming the companies, First Quantum Minerals, a Canadian miner, stated on Wednesday that it is in discussions with possible partners for its Zambian properties. ...
Petroleum Minister Karim Badawi announced on Sunday that Egypt had reduced its 2040 renewable energy target down from a previous goal of 58% to 40%, highlighting...
Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority expect refined petroleum product prices to reduce as another...
Kenya’s statistics agency said on Tuesday that Kenya’s consumer price inflation increased slightly to 3.0% year-over-year in December from 2.8%...
Transnet, a state-owned logistics company in South Africa, announced on Tuesday that it had lost 2.2 billion rand ($117.48 million)...
A 15 billion yuan ($2 billion) currency-swap arrangement between China and Nigeria has been extended to boost investment and commerce...
As anticipated, Egypt’s central bank has maintained its overnight interest rates, stating that although inflation was predicted to drop significantly...
According to the African Development Bank (AfDB), illicit money flows and profit shifting by multinational corporations doing business in Africa...
Former Nigerian Aviation Minister, Femi Fani-Kayode, has told President Abdourahamane Tchiani of Niger Republic to refrain from making infantile and...
Elon Musk’s satellite internet service provider, Starlink, has again jacked up the prices of its services in Nigeria after an...
The former President of Moroccan top club, Raja Casablanca, Mohamed Aouzal, has been sentenced to three and a half years...
The Zambian Ministry of Health has reported a second case of Monkeypox, popularly known as Mpox, in Kitwe region of...