Economy
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Economy
Nigeria inflation climbs to 28-year high
Date:Apr 15, 2024
Nigeria's inflation kept climbing in March, reaching a 28-year high of 33.20% in annual terms, driven by soaring food and energy costs despite central bank rate hikes aimed at halting its ascent.
Apple loses top phone maker spot to Samsung as iPhone shipments drop
Date:Apr 15, 2024
Apple's smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday.
Niger, China sign crude oil MOU worth $400m: Niger State TV
Date:Apr 14, 2024
Niger has signed a memorandum of understanding (MOU) with Chinese State-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger State television RTN reported this Friday.
SA union challenges Sibanye-Stillwater retrenchment decision
Date:Apr 12, 2024
The National Union of Metalworkers of South Africa (NUM) has expressed its dismay at the recent retrenchment announcement by Sibanye-Stillwater, despite a buoyant international gold market.
EU pledges Egypt $1.07 bn in financial aid
Date:Apr 12, 2024
The European Union(EU) this Friday said it would provide Egypt with 1 billion euros ($1.07 billion) in short-term financial aid to help stabilise the country’s economy.
Zimbabwe tapping into lithium reserves for its economic revival
Date:Apr 15, 2024
Zimbabwe's economy is poised for a significant boost as the nation taps into its vast lithium reserves, spurred by the global surge in demand for green energy.
Ghana Finance Minister confident of bondholder deal 'at some point' as IMF completes review
Date:Apr 14, 2024
Ghana is confident it will "at some point" reach a deal with international bondholders to restructure $13 billion of debt, its Finance Minister said this Saturday.
IMF, Ghana reach staff-level agreement on loan programme review
Date:Apr 13, 2024
International Monetary Fund (IMF) staff and Ghana's authorities have reached an agreement on a second review of the West African country's $3 billion loan programme, the IMF said in a statement this Saturday.
SA power producer outlines measures for reliable power supply during winter
Date:Apr 12, 2024
South Africa's power producer, Eskom, has attributed the current uninterrupted power supply to its two-year generation turnaround plan that was approved last year.
SA power untility outlines measures for reliable power supply during winter
Date:Apr 12, 2024
South Africa's power untility, Eskom has attributed the current uninterrupted power supply to its two-year generation turnaround plan that was approved last year.
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