Economy

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 […]

Senegal Secures $2.2bn IMF Programme 0

Breaking, Economy
05:10 AM, Sep 02

Senegal has reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, three-year financing programme. The programme is aimed at restoring debt sustainability, strengthening public finances and supporting economic reforms. Senegal has been under intense financial pressure after the discovery of previously unreported government debt significantly increased its debt burden. The IMF […]

Kenya Aviation Strike Ends After Government Agreement 0

Breaking, Economy
05:09 AM, Sep 02

A two-day strike by aviation workers in Kenya has ended following an agreement between the workers’ union and government authorities. The industrial action disrupted operations at major airports, including Nairobi’s Jomo Kenyatta International Airport, causing flight delays and cancellations. The Kenya Aviation Workers Union had raised concerns involving labour relations, employment practices and negotiations over […]

Court Stops NMDPRA From Interfering With Dangote Refinery 0

Breaking, Economy
05:02 AM, Sep 02

A Federal High Court in Lagos has issued an interim order restraining the Nigerian Midstream and Downstream Petroleum Regulatory Authority from shutting down or interfering with the operations of the Dangote Petroleum Refinery. The order followed a legal challenge brought by the refinery after a directive from the regulator concerning the loading and transportation of […]

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 […]

Tinubu: Northern Nigeria Biggest Beneficiary of My Reforms 0

Breaking, Economy, Politics
04:57 AM, Sep 02

President Bola Ahmed Tinubu has defended his administration’s economic policies, saying Northern Nigeria has benefited more than any other part of the country from the reforms introduced since he took office. The President particularly defended the removal of the petrol subsidy, arguing that the decision was necessary to prevent further pressure on government finances and […]

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 […]

Nigeria’s Economy Grows 4.43% as Tinubu Says Recovery Is Taking Shape 0

Economy
07:37 AM, Sep 01

ABUJA — Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent, according to figures released by the National Bureau of Statistics. The latest growth is higher than the 3.89 per cent recorded in the first quarter and also above the 4.23 per […]

Nigeria Plans Six Medical Simulation Centres, Targets 20,000 Medical Students Yearly 0

Breaking, Economy, Health
06:07 AM, Aug 31

Abuja, Nigeria: The Federal Government has announced plans to establish six medical simulation centres across Nigeria’s six geopolitical zones. The centres are expected to provide modern facilities for practical medical training and help improve the quality of healthcare education. The government also wants to increase annual admission into Nigerian medical schools to about 20,000 students […]

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 […]

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