Innoson Motors unveils first electric vehicle
Innoson Vehicle Manufacturing Company (IVM) has unveiled its first locally made electric vehicle. The unveiling was done earlier today Wednesday via the company’s official Facebook page. The company’s Head of…
Mastercard and Mercuryo launch Self-Custodial Crypto Debit Cards
Mastercard has launched a groundbreaking self-custodial Bitcoin debit card called "Spend" in partnership with Mercuryo, a crypto payment company. This innovative card enables users to make purchases directly with Bitcoin,…
Kenya bans sugar imports from outside East Africa
The government of Kenya has banned sugar imports into the country from countries outside the East African Community (EAC) and the Greater Eastern and Southern African Market, two regional trade…
Tunisian delegates explore business opportunities in Nigeria at Economic Forum
A 20-member high-level business delegation from Tunisia is currently in Nigeria for the Nigeria-Tunisia Economic Forum, themed "Multisectoral Economic Mission in Nigeria.”The forum, which began yesterday and ends on Friday,…
Workers’ strike disrupts flight at Kenya’s main Airport
A strike action by workers at Kenya's main international airport has led to flight cancellation and suspension for both arrivals and departures. The workers went on strike to show their…
Nigeria opens application for Google’s ₦100 million AI fund
Nigeria's government has opened applications for the ₦100 million AI project funded by tech giant, Google. The project is geared towards supporting Nigerian tech start-ups that are leveraging Artificial Intelligence…
Unlocking new market opportunities
Africa, with its vast and diverse markets, presents a plethora of untapped opportunities for businesses looking to expand their footprint. As the continent continues to experience rapid economic growth, and…
Traders celebrate as Bitcoin surges above $57,000
Bitcoin traders are celebrating "good news" as the price of Bitcoin (BTC) surged above $57,000 on September 9, following a weekly close above a key support level. The price increase…
Egypt gemstones exports hit $1.5 billion in 7 months
Egypt’s jewellery and precious stones exports increased by 118% from January to July to reach $1.526 billion, compared with $ 700 million in 2023, according to the Consultative Committee for the Materials, Refractories and Metallurgical Industries (ECBM) monthly report.The report shows the United Arab Emirates topping the list in jewellery and diamond exports, with a 287 per cent increase from $235 million in 2023 to $909 million. Switzerland ranks second, rising 591% from $88 million to $605 million in 2023. Jordan ranks third with exports reaching $3 million in 2022, an 80% increase from $41,000 in 2023.Canada fell to fourth place, falling 99 per cent from $372 million in 2023 to $3 million.Turkiye ranks fifth with $1.476 million, a 19.157% increase from $0.08 million in 2023.On the other hand, the Central Bank of Egypt (CBE) announced in August that it would extend the deadline…
EU pledges $35 million for South Africa’s green hydrogen projects
The European Union has pledged to give South Africa two grants worth $35 million to accelerate its green hydrogen plans. The first EU grant, worth R140 million (US$7.8 million), aims to help South Africa’s state-owned company Transnet cover infrastructure costs to support railways,…
