Economy
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Economy
Google's contemplated mega deal would prompt new fight with regulators
Date:Apr 8, 2024
Google parent Alphabet's contemplated acquisition of marketing software company HubSpot would likely spark opposition from regulators even as many experts agree it would not curb competition, and would require the technology giant to open a new front
Nigeria bars lenders from using FX-denominated collateral for Naira loans
Date:Apr 8, 2024
Nigeria's central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant naira loans, a move that could protect the banking system against a strengthening of the local currency, it said on Monday.
Former Nigeria Central Bank Governor appears in court on new allegations
Date:Apr 8, 2024
Godwin Emefiele, the former Governor of the Central Bank of Nigeria, was arraigned before a Lagos court on new allegations of corruption and abuse of office.
World Bank loans Ethiopia $1.72bn for power, water supply expansion
Date:Apr 5, 2024
The World Bank and Ethiopia have signed loan agreements totalling $1.72 billion to enhance electricity and water supply, as well as to facilitate the movement of food to markets, the Finance Ministry said this Friday.
US congressional delegation in Mauritius to assess AGOA implementation
Date:Apr 4, 2024
A delegation of the United States (US) Congress have visited Mauritius to assess the implementation of the African Growth and Opportunity Act (AGOA) in that country.
Sub-Saharan Africa growth not enough to dent poverty
Date:Apr 8, 2024
Economic growth is set to rise for the next two years in Sub-Saharan Africa, but not enough to make a significant dent in poverty on the continent, the World Bank said in a report on Monday.
DPA break ground on 12 MW solar farm in SA
Date:Apr 8, 2024
Data storage and services group Africa Data Centres has with its partner, independent power producer DPA SA, started construction of a solar farm in South Africa to supply its facilities with renewable energy, it said on Monday.
World food price index rebounds from three-year lows: UN
Date:Apr 5, 2024
The United Nations food agency’s world price index rebounded in March from a three-year low, boosted by increases for vegetable oils, meat and dairy products.
Uganda to launch first domestic tin processing plant next month
Date:Apr 4, 2024
Uganda will commission its first tin refining plant in the southwestern region next month, a senior mining ministry official said, as part of efforts to expand capacity and add value domestically to its minerals.
Ghana to raise cocoa farmgate price
Date:Apr 3, 2024
Ghana will raise the fixed farmgate price paid to cocoa farmers by up to 50% in an effort to share profits from rising global prices and deter farmers from bean smuggling, a Spokesperson at the country's cocoa marketing board Cocobod said.
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