Russia to begin lithium, oil and gas exploration in Mali
Russia is set to begin geological exploration for lithium, oil, and gas deposits in Mali next month, according to Mali's Economy and Finance Minister, Alousseini Sanou. The exploration marks a…
Zimbabwe to prevent currency collapse with new measures
Zimbabwe's President Emmerson Mnangagwa has vowed to reintroduce measures to protect people's income as the country's new currency crashes on the black market five months after it was introduced.ZiG, short…
AFDB to finance Seychelles’ green energy with $25 million
The African Development Bank (AfDB) has approved a $25 million loan to Seychelles, marking a significant step toward enhancing the country’s renewable energy sector and fostering economic resilience. This loan…
Kenyan company to boost operations with AFDB’s $10million facility
The African Development Bank (AfDB) has invested $10 million in Dhamanaguarantee, a Kenyan business that provides guarantees to support economic development.Dhamana will also receive investment from City Pension Fund Financial…
Uganda’s Airtel Money to promote cashless payments with new partnership
Airtel Mobile Commerce Uganda has announced a partnership with Stabex International to facilitate cashless transactions and enhance digital accounting, allowing Airtel customers to easily pay their fuel bills and access…
Gaza war: Egypt hit by 60% decline in revenue
Egypt's president says the nation's revenue from the Suez Canal has experienced a significant decline of 60%, amounting to over $6 billion, in recent months due to disruptions in Red…
Nigeria to create 2.5 million Jobs with new employment initiative
The Federal Government of Nigeria is set to launch a major employment initiative later this month, in an effort to address rising unemployment rate in the country.During his Independence Day…
Strengthening China-Africa Cooperation: The path to a global partnership for Africa’s growth
The recent Forum on China-Africa Cooperation (FOCAC), held in Beijing, emphasized strengthening economic and developmental ties between China and Africa. With China pledging 360 billion yuan ($50.7 billion) over the…
UBA breaks record with N2 per share dividend offer
Africa’s Global Bank, United Bank for Africa (UBA), has made headlines with its announcement of a N2 per share interim dividend, amounting to N68.4 billion, for the first half of…
Nigeria seeks more loans from China
The Nigerian government has clarified that it is not pursuing debt forgiveness from China, despite ongoing discussions about debt relief at international forums. Minister of Foreign Affairs Yusuf Tuggar explained…
