Ghana’s consumer inflation on the rise, hits 23.8%
Ghana's inflation has hit 23.8% rising from 23.0% in November last year as the country continues to face its worst economic crisis in decades. The rising food prices, currency depreciation…
South Sudan to resume oil exports after 10-month suspension lifted
South Sudan is set to restart oil production in Blocks 3 and 7 following the lifting of a 10-month-long force majeure on crude exports by Sudan. The force majeure was…
Nigeria to finance Kano-Kaduna rail project with new Chinese loan
The China Development Bank has approved $254.76 million loan for the Kano-Kaduna railway project in Nigeria. The bank announced the loan approval on its website on Tuesday, noting that the…
South Africa to attract more EV investments with new tax incentive
South Africa has introduced a groundbreaking tax incentive to position itself as a hub for the production of electric vehicle (EV) and hydrogen-powered vehicle, aiming to attract $27 billion in…
Nigeria’s largest Palm Oil producer to issue a N100 billion bond
Presco Plc, Nigeria's largest palm oil producer, is set to issue an N100 billion bond, marking the first tranche of its N150 billion bond program. This issuance, the largest in…
Canada’s Barrick Corp threatens to suspend operations in Mali
Canada’s Barrick Gold Corp (ABX.TO) has said it would suspend operations in Mali if a ban on gold shipments is not lifted next week; sources told Reuters it faces a…
Egypt explores new opportunities for trade and investment with Oman
Oman and Egypt are intensifying efforts to strengthen bilateral ties in trade and investment, focusing on creating new economic opportunities. H.E. Qais bin Mohammed al Yousef, Oman’s Minister of Commerce,…
KPA to improve cargo handling with Mombasa port upgrade
The Kenya Ports Authority (KPA) will upgrade the Terminal Operation System (TOS) at the Port of Mombasa as part of a strategic transformation to improve the quality and speed of…
Bank of Uganda revises schedule for its monetary policy meetings
The Bank of Uganda (BoU) said on Monday it will increase its interest rate policy from two months to three quarters from this year.The revised schedule aims to provide the…
SEC to crackdown on Ponzi schemes in Nigeria
The Security and Exchange Commission, SEC, has vowed to crack down on Ponzi schemes in Nigeria while protecting the interest of investors. The Director of the Commission, Dr Emomotimi Agama,…
