BUSINESS | ANG
  • April 22, 2024

Heavy rains and floods paralyze Nairobi, death toll rises in Kenya

Vehicles were stranded on Sunday in Nairobi, the capital of Kenya, as the devastating toll of heavy rains and floods in Kenya continues to mount. Since mid-March, 35 people have died …

Business:Nigeria’s crude oil output goes down again in March says OPEC

The Organization of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped again in March. OPEC data based on direct communication show that Nigeria’s average daily production dropped …

Hundreds of thousands displaced by flooding in Burundi

People in Burundi are struggling to cope with flooding after months of heavy rains, with hundreds of thousands being displaced and many homes and schools damaged. The relentless rain has resulted …

Court rejects Oscar Pistorius parole request

Former South African Paralympic champion Oscar Pistorius, convicted of killing his girlfriend Reeva Steenkamp a decade ago, will remain in prison after a prison board denied his request for parole on …

Tanzania’s first female president on visit to South Africa

Tanzania’s President Samia Suluhu Hassan has called for more security cooperation and trade with South Africa. Hassan, Tanzania’s first female leader, met South African President Cyril Ramaphosa in the capital Pretoria …

Business:Ethiopia Govt announces sale of 45% capital of Ethio Telecom

The Ethiopian government announced on Thursday the sale of 45% of the capital of the public operator Ethio Telecom, which lost its monopoly in 2022, a figure up from the 40% …

Citizens suffer cash shortage as state gears towards cashless economy in Nigeria

Nigeria’s push to replace its paper money with newly designed currency notes has created a shortage of cash, leaving people unable to buy what they need and forcing businesses to close …

Portugal reaches debt settlement with Cape Verde

Portugal and Cape Verde have reached a debt settlement.  Portugal will invest in the Cape Verdean fund for climate and energy transition by repaying Cape Verde’s debt. The Portuguese-speaking country owes …

Business:Uganda starts first oil drilling operations with targets on 2025

Uganda on Tuesday launched the drilling of its first oil well, a key milestone as the country races to meet its target of first oil output in 2025. President Yoweri Museveni …

Italian PM Meloni boost strong energy ties with Algeria

Italian Premier Giorgia Meloni arrived Sunday (Jan. 22) in Algeria for a two-day visit as the two nations look to build up a strategic partnership and Italy works to further wean …

Business: Inflation slows in Ghana

Inflation in Ghana is slowing after peaking at 78,1% in November. According to data collected by the statistics service, producer price inflation retreated in December reaching now 52,2%. Last month, consumer …

Senegal strives to break dependence on imported rice

Around the village of Dak in central Senegal, women cut rice stalks with sickles and knives, singing and dancing. In this West African country, which is a major consumer of the …

Ghana reduces e-levy rate to 1% – 2023 budget

Ghana is set to reduce the rate of the controversial Electronic Transfer Levy to 1 percent from 1.5 percent. As part of the review of the e-levy act, however, the GHS …