Business

Africa’s Economic and Political Pressure Points Remain in Focus 0

Business, Economy, Health, Politics
05:45 AM, Sep 02

Across the continent, this week’s major developments show that Africa’s biggest challenges are increasingly connected: economic reforms, debt, energy, healthcare, elections and governance. Nigeria is recording stronger economic growth while still dealing with high living costs and structural challenges. Senegal is seeking IMF support to rebuild financial credibility, while Zambia begins another presidential term amid […]

Abu Dhabi Firm Moves to Acquire 90% of Azura Power 0

Breaking, Business, Economy
05:01 AM, Sep 02

A major international investment is set to reshape ownership of one of Africa’s important private power-generation companies. ePointZero, an Abu Dhabi-based energy infrastructure company and subsidiary of 2PointZero Group, has announced plans to acquire a 90% stake in Azura Power Holdings. Azura operates power-generation assets in Nigeria, Senegal and Mozambique, with about 752 megawatts of […]

Kenya Aviation Workers End Strike After Two Days of Disruption 0

Business, Economy
07:44 AM, Sep 01

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 […]

Moody’s Changes Nigeria’s Outlook to Positive as Economic Confidence Rises 0

Breaking, Business, Economy
05:57 AM, Aug 31

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 […]

Nigeria Gets Positive Economic Outlook From Moody’s as Growth and Reserves Improve 0

Business, Economy
05:45 AM, Aug 30

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 […]

Kenya: Meta Introduces New WhatsApp Business Messaging Charges for Companies 0

Business, Economy
05:05 AM, Aug 28

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 […]

Fuel Price Hike: Labour, Civil Society Groups Demand Action Over Rising Petrol Costs in Nigeria 0

Business, Economy
04:26 AM, Aug 28

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 […]

Djibouti Set to Host First National AI Forum as Africa Pushes Digital Transformation 0

Business, Economy
05:22 PM, Aug 27

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 […]

Nigeria Unveils Fresh Oil Tax Incentives as Government Targets New Investment 0

Business, Economy
05:03 PM, Aug 27

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. […]

IMF Says Nigeria’s Economic Reforms Are Showing Results but Hardship Remains 0

Breaking, Business, Economy
04:35 AM, Aug 27

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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