Ethiopia begins drone manufacturing to boost national security
Ethiopia has begun exploring its capacity to mass produce drones as it invests in manufacturing unmanned aerial vehicles (drones) for both civilian and military applications.The Prime Minister of the East…
DRC and U.S. explore minerals partnership to boost resource development
The United States has signaled its openness to establishing critical minerals partnerships with the Democratic Republic of Congo (DRC), an African nation abundant in resources like cobalt, lithium, and uranium.…
FIRS eyes improved Tax-to-GDP ratio with new e-invoicing system
The Federal Inland Revenue Service (FIRS) has called on large tax consultants to embrace the newly introduced electronic invoicing (e-invoicing) system, emphasizing its role in boosting Nigeria’s tax-to-GDP ratio. This…
Nigeria to recover $37.4 million from oil firms
Seven oil companies have pledged to transfer $37.4 million (about ₦58 billion) to Nigeria's Federation Account by August 2025.This pledge emerged from an ongoing investigation by the Public Accounts Committee…
Ghana’s economic growth slows in Q4 2024
Ghana experienced a deceleration in economic growth during the fourth quarter of the previous year, primarily due to a decline in the industrial sector's performance, as reported by the country's…
Nigeria and UAE to discuss visa restrictions
Nigeria and the United Arab Emirates (VAE) will meet in the coming days to address the ongoing challenges Nigerians face when obtaining visas.The discussion aims to resolve concerns about visa…
MTN and Airtel announce loan repayment to ease FX burden
MTN Nigeria Communications Plc and Airtel Africa have aggressively cut their foreign debt, repaying $1.2 billion in 2024 to ease foreign exchange burden as they chart a path back to…
T-Bill yield hits new low, drops to 21.68%
The yield on Nigeria’s one-year treasury bill declined to 21.68% at the latest auction, down from 22.59% in the previous sale, as improved liquidity and declining inflation influenced investors' demand.…
AfriGO, Palmpay partner to boost financial inclusion in Nigeria
AfriGO and PalmPay have formed a strategic partnership to issue over 5 million AfriGO payment cards in Nigeria.This collaboration aims to enhance financial inclusion, empower underserved communities, and strengthen Nigeria’s…
Dangote to provide fuel relief for Zambia
To combat the country's fuel crisis and ensure affordable energy from next year's election, Zambia is currently talking to Africa's largest refinery, Dangote, to ensure a constant supply of petroleum…
