Rwanda to Increase Taxes on Alcohol, Tobacco, and Foreign Digital Services
The Rwandan government has announced plans to increase taxes on alcohol, tobacco, and foreign digital services as part of its…
Category: Business
Dangote Refinery Set to Begin Full Operations Within a Month
Nigeria’s Dangote Oil Refinery, the largest in Africa, is set to begin full operations within the next 30 days, marking…
Rwanda Increases 2024/25 Budget by Rwf126 Billion in Revised Plan
The Rwandan government has proposed increasing the national budget for the 2024/25 fiscal year by Rwf126.3 billion, raising total spending…
China to Build Tanzania-Burundi Standard-Gauge Railway
Tanzania and Burundi have signed a $2.15 billion agreement with two Chinese firms to construct a 282-kilometer standard-gauge railway (SGR)…
China Retaliates With New Tariffs on U.S. Imports
China announced Tuesday that it will impose new tariffs on U.S. imports in response to Washington’s recent tariff hikes, escalating…
African Leaders Push for Energy Access, Economic Growth at Mission 300 Summit
At the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, global and African leaders reaffirmed their commitment to…
Banki Livestock Market Reopens After Boko Haram Destruction
The Banki International Livestock Market has officially reopened, years after being destroyed by Boko Haram insurgents. The market, a key…
Kenyan Farmers Challenge Seed Sharing Ban in Court
A group of Kenyan farmers has filed a lawsuit challenging a 2012 law that prohibits seed sharing, arguing it has…
Chinese AI App DeepSeek Shakes Industry, Sparks U.S. Concerns
The rapid emergence of the Chinese AI app DeepSeek has shaken the global technology industry, rattled markets, and dented America’s…
Netflix to Raise Prices Following Surge in New Subscribers
Netflix will raise subscription prices in several countries after adding nearly 19 million new subscribers in the final quarter of…
Nigerian Regulator Approves Up to 50% Increase in Mobile Tariffs
The Nigerian Communications Commission (NCC) has approved a tariff increase of up to 50% for mobile phone services, marking the…
TikTok Plans U.S. Shutdown Ahead of Potential Ban
TikTok is preparing to shut off its app for U.S. users on Sunday, as a federal ban could go into…
Engen Closes Three Petrol Stations in Kigali Over Wetland Concerns
Engen has permanently closed three of its petrol stations in Kigali—Engen Gitikinyoni 1, Engen Gitikinyoni 2, and Engen Poids Lourds—effective…
Chinese Companies Expand in Africa’s Booming Cement Market
Africa’s cement market is experiencing a surge, fueled by rapid urbanization, expanding infrastructure projects, and rising construction activity. The boom…
Senegal and Mauritania Begin Gas Production from Joint Field
Senegal and neighboring Mauritania have officially launched gas production from the Grand Tortue Ahmeyim (GTA) field, which straddles the maritime…
Nigeria to Launch National Credit Guarantee Company in May 2025
Nigeria will establish a National Credit Guarantee Company in May 2025 to improve access to credit for businesses and individuals,…
Eskom Reports R55 Billion Loss, Expects Profit by 2025
South Africa’s state-owned utility, Eskom, posted a massive R55 billion ($3 billion) loss for the fiscal year ending March 2023,…
DRC Files Criminal Case Against Apple Over Alleged Use of Conflict Minerals
The Democratic Republic of Congo (DRC) has filed a criminal case against Apple Inc. over allegations the tech giant used…
IMF Approves $182 Million in Support for Rwanda
The International Monetary Fund (IMF) has approved a new disbursement of $181.7 million to Rwanda following the completion of its…
African Development Bank Approves $108 Million Loan to Support Zambia’s Economic Reforms
The African Development Bank Group’s Board of Directors has approved a $108 million loan to Zambia to improve the country’s…