The untapped potential of Africa’s food processing sector
Africa's food processing sector is not just an industry but a critical cornerstone for achieving a food-secure and prosperous continent. By investing in and expanding this sector, we can unlock…
10 countries with the highest foreign investment in Nigeria
The National Bureau of Statistics, NBS, has released a report showing the top 10 countries with the highest foreign investment in Nigeria. The report indicates that Nigeria attracted $2.60 billion…
Tanzania sets new record with longest bridge in East Africa
Tanzania has opened East Africa's longest bridge, a landmark 3.2-kilometre structure spanning Lake Victoria in the country's northwestern Mwanza region. This iconic project, named after the late President John Magufuli,…
Ghanaian farmers hit by massive income loss
The Minister of Food and Agriculture has disclosed that Ghanaian farmers are facing an estimated GH¢3.5 billion in lost investment and GH¢10.4 billion in lost income.The National Climate Change Conference…
South Africa braces for LPG boom as electricity prices soar
South Africa’s liquefied petroleum gas (LPG) market is expected to boom due to the need for new distribution centres, rising electricity prices and a switch to carbon dioxide and paraffin…
Nigeria targets tax accessibility with new USSD code
The Federal Inland Revenue Service (FIRS) has launched a USSD code, *829#, to make tax administration more accessible and user-friendly for taxpayers across the country. This initiative aligns with the…
Kenya targets more IMF funding
Kenya anticipates receiving additional funds from the International Monetary Fund by the year's end and is currently engaged in discussions with the Fund regarding the potential consolidation of the seventh…
Top 5 Countries Fuelling Africa’s Economic Growth
The combined GDP of all African countries, currently estimated at $2.8 trillion in 2024, is partly fueled by the strengths of Africa’s super five economies. These nations not only drive…
Sudan faces economic uncertainty with more EU sanctions
The European Council has voted to extend sanctions against six Sudanese individuals and nine entities until October 2025, the EU Council said on Tuesday.According to Schengen News, as announced in…
South Korean investors to build four refineries in Nigeria
A consortium of South Korean investors has finalized plans to build four refineries in Nigeria, each with a capacity of 100,000 barrels. The announcement was made by Heineken Lokpobiri, Nigeria’s…
