NAIROBI — Aviation workers in Kenya have called off their two-day strike after reaching an agreement with the government and other parties involved in the dispute. The Kenya Aviation Workers Union signed a return-to-work agreement on Tuesday and directed affected workers to resume their duties. The strike had disrupted operations at several airports, including Jomo […]
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Lagos, Nigeria: Nigeria has received a boost from international credit rating agency Moody’s after the agency changed the country’s economic outlook from stable to positive. Moody’s pointed to improvements in Nigeria’s external position, including stronger foreign exchange reserves and better-than-expected economic growth. The agency, however, maintained Nigeria’s sovereign rating at B3, meaning major economic and […]
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ABUJA, Nigeria — Nigeria has received a more positive assessment from international credit rating agency Moody’s. The agency changed Nigeria’s economic outlook from stable to positive, while maintaining the country’s sovereign rating at B3. Moody’s said Nigeria’s stronger foreign exchange reserves and better-than-expected economic growth had improved the country’s ability to withstand external shocks. Higher […]
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Businesses in Kenya are preparing for additional costs after Meta announced plans to charge companies for certain WhatsApp Business messages. The new charges are expected to apply from October 1, with businesses paying according to messages delivered to customers. The change will affect companies that rely heavily on WhatsApp to communicate with customers, respond to […]
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Fresh concerns over petrol prices have triggered criticism from organised labour and civil society organisations, with groups accusing the government and operators in the petroleum sector of putting additional pressure on Nigerian households. The latest increase comes at a time when many Nigerians are already dealing with higher transportation, food and household expenses. Labour representatives […]
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Djibouti is preparing to host its first national forum dedicated to artificial intelligence, reflecting the growing interest in AI and digital technology across Africa. The forum is expected to bring together stakeholders to discuss the opportunities and challenges surrounding artificial intelligence and its potential contribution to national development. For African countries, AI is increasingly being […]
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Nigeria is stepping up efforts to attract fresh investment into its oil industry through new tax incentives aimed at making deep offshore projects more attractive to investors. The move comes as the government seeks to revive major oil developments that have faced delays and encourage international companies to commit more capital to Nigeria’s petroleum sector. […]
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Nigeria’s economic reforms have helped improve some major economic indicators, but millions of Nigerians continue to face difficult living conditions. The International Monetary Fund has acknowledged progress from reforms introduced over the past three years, including changes to fuel subsidies and the foreign-exchange system. However, the IMF has also warned that the benefits of economic […]
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Ghana’s cedi is facing fresh pressure as demand for US dollars rises in the country’s foreign exchange market. Recent market data showed the cedi weakening against the dollar as demand from companies and offshore investors increased. The development comes as Ghana continues to manage its economic recovery and strengthen foreign exchange reserves. The country’s gold […]
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LAGOS — Plans to take the Dangote Petroleum Refinery to the Nigerian capital market have taken another major step forward. The refinery has completed a $1 billion underwriting programme as preparations continue for its proposed Initial Public Offering. The planned listing could become one of the most significant transactions in Nigeria’s capital market and could […]
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