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…
Category: Business
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…
Cameroon Becomes First Foreign Buyer of Dangote Petroleum
Cameroon has become the first foreign buyer of refined petroleum from the Dangote Refinery in Nigeria. The first shipment, totaling…
McKinsey to Pay $122 Million Fine Over South Africa Bribery Scheme
McKinsey & Company’s African subsidiary has agreed to pay a criminal fine of more than $122 million to resolve a…
Niger Authorities Seize Control of Orano’s Uranium Mine Amid Rising Tensions
French nuclear fuels company Orano announced Wednesday that authorities in Niger have taken control of its Somair uranium mine, escalating…
Nigeria’s Ngozi Okonjo-Iweala Reappointed for Second Term as WTO Chief
Nigerian economist Ngozi Okonjo-Iweala was unanimously reappointed for a second four-year term as Director-General of the World Trade Organization (WTO)…
Mali Reaches $160M Settlement with Resolute Mining Over Tax Dispute
Australian gold miner Resolute Mining has agreed to pay Mali’s military-led government $160 million to settle a tax dispute. The…
Zimbabwe Embraces Climate-Smart Agriculture to Boost Resilience and Innovation
In Zimbabwe’s drought-prone regions, farmers are turning to climate-smart agriculture to adapt to the challenges posed by changing environmental conditions.…
DRC Pursues Financing for World’s Largest Hydropower Dam
The Democratic Republic of Congo (DRC) is seeking funding from the World Bank and other financial institutions for the construction…
Ethiopian Airlines Takes Delivery of Africa’s First Airbus A350-1000
Ethiopian Airlines, Africa’s largest and fastest-growing carrier, has received its first Airbus A350-1000, making it the first African airline to…
OPEC+ Extends Oil Output Cuts Through December
Saudi Arabia and its allied oil-producing countries announced Sunday that they will extend their oil output cuts through December, delaying…
Volkswagen Group Africa Launches Facility for E-Tractors in Rwanda
Volkswagen Group Africa has announced the launch of its first multifunctional facility in Rwanda to pilot modern farming practices using…