Economic growth in Africa will drop to 3.4% this year due to macroeconomic shocks —World Bank
The World Bank disclosed in the latest edition of its Africa Pulse report that the continent’s economic growth will drop...
Improving Nigeria–South Africa bilateral relations
Any observer that has any keen interest will notice the concerning bilateral relations and general (subtle) trade wars between Nigeria...
Unilever: Our products are completely manufactured in Egypt, exported to 45 countries
Unilever Mashreq For Food Products affirmed the continuation of its business in Egypt as normal, and that what some newspapers...
Africa’s richest man Aliko Dangote says people are ‘begging’ him to sell crop nutrients as sanctions against Russia disrupt supply
“People are begging us to sell,” Dangote told CNN in a recent interview.. The $2.5 billion fertilizer plant, which sits...
Nigeria’s Port Harcourt refinery to refine crude from Q1 2023
The Federal Government on Wednesday announced that the Port Harcourt Refinery would commence operations by the first quarter of 2023....
Elon Musk has offered to buy Twitter outright in a $43 billion deal
Musk proposed buying the Twitter stock he doesn’t own for $54.20 per share, an SEC filing shows. “Twitter has extraordinary...
Bitcoin is shaping up to enter a bear market and likely won’t recover until 2025
Bitcoin is likely entering a bear market, and the next major rally probably won’t come until late 2024 or early...
China ranks ahead of America as the largest investor in Africa since 2010
China has maintained its position as the largest investor in Africa over the last 10 years by the number of...
IMF warns that Nigeria’s eNaira could get compromised by fraudsters and used for money laundering and terrorism financing
The International Monetary Fund (IMF) has warned Nigeria about the possibility of its central Bank digital currency, the eNaira, being...
Ghana’s current account deficit is projected to widen in 2022, as Nigeria records its first surplus in over 2 years
Fitch Solutions has projected that Ghana’s current account deficit would widen slightly from an estimated 2.6% of GDP in 2021...