Zimbabwe’s volatile economy hinders independent power projects
The government says it is working to create an independent force to help tackle Zimbabwe's intractable problems of lack of funding and economic instability.The southern African country is battling a…
CBN to expand e-Naira for government transactions
The Central Bank of Nigeria (CBN) has unveiled plans to broaden the application of its digital currency, eNaira, to facilitate seamless payments into government accounts.The eNaira, a digital form of…
New Madagascar power plant to boost electricity supply
A revolutionary project is underway on the east coast of Madagascar that could impact the lives of millions of Malagasy people.Bisecting the green landscape of rural Toamasina, the 120-megawatt Wolobe…
South Sudan, Sudan agree on steps to restart oil production
Sudan and South Sudan have agreed to restart oil production during talks in Juba, South Sudan. Oil production had been halted due to the conflict in Sudan. Sudan's 17-month civil…
New Memecoin Black Agnus surges by 400% in a day, now 4th largest in the market
A new memecoin, Black Agnus (FTW), has taken the cryptocurrency market by storm, surging 400% in just 24 hours and reaching a market capitalization of $1.8 billion.This bull-themed token is…
PalmPay launches USSD service to boost financial accessibility in Nigeria
PalmPay, Nigeria’s leading financial services provider, has launched a new USSD service to increase financial convenience, especially for users without internet access. The development aims to make financial transactions increasingly…
Nigeria among top 3 countries exploring digital currency
Nigeria has been listed among the top three countries exploring a digital version of their currency. This is according to a report by the US based Atlantic Council. The report,…
U.S. reaffirms support for Liberia’s energy sector
US Ambassador to Liberia Mark Toner has reaffirmed the United States' commitment to Liberia's energy sector during a recent tour of the Mount Coffee Hydropower Plant. According to a release…
Severe energy crisis threatens Zambia’s economic growth
Zambia is facing its worst drought in 20 years, resulting in severe power outages lasting up to 21 hours a day. The drought has crippled Zambia's hydropower generation, which accounts…
Nigeria’s inflation rate drops to 32.15% in August 2024
Nigeria's inflation rate dropped to 32.15% in August 2024, representing a decline in the figure for the second consecutive month. This is according to the new inflation rate released by…
