Nigeria is on track to achieve a $1 trillion economy by 2030 – CBN
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has expressed optimism that Nigeria is on track to achieve a $1 trillion economy by 2030. This bold projection…
Petrofac signs contract with Marathon Petroleum in Equatorial Guinea
Petrofac Limited has signed a new service agreement with Marathon Petroleum of Equatorial Guinea. Under the agreement, Petrofac will provide legal and disciplined engineering support to ensure work quality, integrity…
Nigeria proposes 25% tax on high income earners
Nigeria is proposing 25% tax on high income earners with a monthly take home of N100 million. The proposal was announced by the Presidential Committee on Fiscal Policy and Tax…
Liberia to build first large solar power plant
The Liberian government, along with the Liberia Electricity Corporation (LEC) and World Bank Liberia, broke ground for the country's first utility-scale solar power facility.With a $2 million grant from the…
Algeria targets large scale Green Hydrogen Project with new deal
Algeria and four European companies have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen.The agreement, involving Algeria’s state-owned energy giants Sonatrach and Sonelgaz, brings together…
Safaricom expands operations with new Ethiopia mobile money service
Safaricom has expanded its money transfer service, M-PESA Global, to Ethiopia, allowing M-PESA Kenya customers to send mobile money to M-PESA Ethiopia using the M-PESA Global Money Transfer Response.This expansion…
World Bank cuts Sub-Sahara Africa growth forecast to 3%
The World Bank has reduced Sub-Saharan Africa's 2024 economic growth forecast to 3%. The cut was mainly due to the destruction of Sudan’s economy in a civil war.The world bank…
UAE Eyes Partnership with Nigerian Startups at GITEX
The United Arab Emirates (UAE) has expressed interest in partnering with Nigeria to support the development of its tech startup ecosystem. Khalfan Belhoul, Chief Executive of the Dubai Future Foundation,…
Kenya, Italy to revive space centre, partner on satellite launch
Kenya and Italy will restart the Luigi Broglio Space Centre in Malindi to launch Earth observation satellites, Italian Industry Minister Adolfo Urso said at a press conference on Sunday.The centre,…
Egypt to boost economic ties with Romania, focus on Energy and investment
Romania and Egypt are strengthening their economic ties, focusing on energy cooperation, investments, and boosting trade. This development was formalized during the 4th session of the Romanian-Egyptian Joint Committee for…
