Tinubu Moves to Restructure Nigeria’s Troubled Oil Sector
Nigerian President Bola Tinubu is taking steps to overhaul the country’s struggling oil industry as national production declines and global…
Category: Business
China Vows to ‘Fight to the End’ as U.S. Tariff Dispute Escalates
China on Tuesday condemned the United States’ escalating trade actions, vowing to “fight to the end” against what it called…
Canada Vows Retaliation if U.S. Imposes Auto Tariffs
Canada will take retaliatory trade measures if U.S. President Donald Trump follows through on his plan to impose 25% tariffs…
Egyptian Entrepreneur Merges Luxury Cars and Watercraft
An Egyptian entrepreneur has created high-performance watercraft designed to resemble luxury sports cars, offering an adrenaline-fueled experience that feels like…
China, Iran, Russia Conduct Joint Naval Drills in Gulf of Oman
China, Iran, and Russia continued their joint naval exercises in the Gulf of Oman, marking the fifth year of the…
EIB Supports Africa Finance Corporation’s $750M Climate-Resilient Infrastructure Fund
The European Investment Bank (EIB) has joined the Africa Finance Corporation (AFC) in financing a $750 million Infrastructure Climate-Resilient Fund…
Libya to Open Oil Exploration Bidding for First Time in 17 Years
Libya is set to launch its first oil exploration bidding round in nearly 17 years, marking a major step for…
Suez Canal Sees Ship Traffic Rebound Amid Red Sea Disruptions
The Suez Canal is experiencing a rebound in ship traffic as 47 vessels have rerouted from the Cape of Good…
Rwanda Reintroduces VAT on Hybrid Vehicles to Promote Electric Mobility
Rwanda has reintroduced value-added tax (VAT) on hybrid vehicles in an effort to encourage the transition to pure electric mobility,…
Nigerians Protest Telecom Data Price Hikes Amid Economic Struggles
Nigerians are expressing outrage over significant increases in mobile data prices by telecom giants MTN and Airtel, saying the move…
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…
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…