Zimbabwe and Zambia partner to increase energy investment as drought dries up dams
Zimbabwe and Zambia have convened the inaugural Zimbabwe-Zambia Energy Projects Summit in Victoria Falls to address their ongoing energy crisis and attract investment in renewable energy. Both nations, heavily reliant…
Angola pegs interest rate at 19.5% as inflation declines
Angola’s central bank kept interest rates at 19.5% for a third time on Tuesday, citing a possible slowdown in overall inflation.Angola’s central bank raised its key interest rate by 50…
Botswana’s new leader to revitalise economy with Cannabis and Solar Energy
Botswana’s newly elected President, Duma Boko, has announced plans to diversify the country's diamond-reliant economy by venturing into medicinal cannabis cultivation and also harnessing its abundant solar energy potential. Boko…
Ghana clamps down on private pension funds
The Ghanian government is clamping down heavily on private pension funds operators who want to invest in offshore assets amid concerns that such investments could heap more pressure on the…
Uganda announces plans to join Russia’s nuclear expansion in Africa
Uganda has recently announced its intention to join the growing list of African countries exploring nuclear energy partnerships with Russia. The East African country is looking to negotiate a deal…
UK calls for more action to curb harmful business practices
The United Kingdom has urged the Nigerian government to address harmful business practices that hinder trade and investment, specifically those involving state-owned enterprises. This request was made in Geneva during…
Dangote Refinery, Petrol marketers target more fuel supply with new agreement
The Independent Petroleum Marketers Association of Nigeria (IPMAN) recently signed an agreement with Dangote for the supply of 240 million litres of petrol per month.IPMAN National Publicity Secretary Chinedu Ukadike…
Gold falls, Bitcoin rises following Trump’s victory
Bitcoin has risen more than 30% since President Trump’s victory, while gold has fallen about 5% as the trend shifts to digital assets.Bitcoin surged above $91,600 last week and hit…
Nigeria’s debt servicing cost rises by 107% in 8 months
The cost of servicing Nigeria's foreign debt has risen by 107.7%, reaching ₦3.8 trillion and exceeding the 2024 budget projections for January to August 2024.When it was presented before the…
Dangote Cement secures approval to raise new Bonds under its N300 billion program
Dangote Cement PLC has announced its board's approval to raise medium- to long-term debt funding through a new bond issuance, part of its ongoing N300 billion multi-instrument program. This decision,…
