Botswana awards first Manganese mining license to boost economic growth
Botswana, the world's largest diamond producer by value, has awarded Giyani Metals a 15-year mining license for the extraction and processing of manganese. This milestone marks the country's entry into…
South Sudan to reduce corruption with new cashless policy
South Sudan's government has launched an initiative to transition the country to a cashless economy, encouraging civil servants to adopt electronic payment platforms. This initiative, launched by the Ministry of…
Can African Leaders adopt the Chinese model to boost financial growth?
China, a global powerhouse in terms of economic growth and influence, has attracted significant attention in recent years. With a GDP of over $14 trillion, it is the second-largest economy…
World bank to drive clean-energy solution with $90 billion
The World Bank is set to drive clean-energy solution in Nigeria and across Africa with the new $90 billion electricity fund. Through the fund, it aims to provide reliable power…
South Africa’s Central Bank cuts interest rates for first time in four years
The South African Reserve Bank (SARB) has lowered its benchmark interest rate by 25 basis points to 8%, marking the first rate cut since 2020.This decision follows the U.S. Federal…
Coca-Cola Company to invest $1bn in Nigeria
Coca-Cola has made a significant commitment to Nigeria's economy, pledging to invest $1 billion over the next five years. This announcement was made during a meeting between President Bola Tinubu…
Nigeria targets ₦150billion from bond market in September 2024
The Nigerian government is looking to raise ₦150billion from the bond market this month. The bond is part of the government's strategy to bridge budget deficit. It comes after the…
Fuel queues end in Burundi but supply remains low
Fuel supplies arrived in Burundi this week, ending weeks of queues at gas stations due to shortages and easing the situation.Power lines were seen cut at checkpoints in the country's…
Kenya targets export growth with new coffee brand
The Kenya Export Promotion and Branding Agency (KEPROBA) and the Coffee Directorate of the Agriculture and Food Authority (AFA) have signed a partnership agreement that will see the two organisations…
Ghana’s economy grows by 6.9% in Q2 2024
Ghana's economy grew by 6.9% in the second quarter of 2024, its fastest growth in 5 years. This is according to data published by Ghana's statistics agency. It represents a…
