President William Ruto reveals a 12% reduction in Kenya’s 2024/25 budget, aiming for fiscal sustainability and a balanced budget within the next three years.
Ikeoluwa Ogungbangbe
-
-
Nigeria’s Dangote oil refinery starts local petroleum product distribution, signaling a major leap towards the country’s goal of achieving energy independence.
-
The IMF links an $8 billion loan for Egypt to crucial economic reforms, including currency flexibility, aiming for sustainable growth and market-driven policies.
-
In a decisive move, Ivory Coast’s President Ouattara hikes the cocoa farmgate price by 50%, directly benefiting local farmers amid a global market deficit and rising cocoa prices.
-
Morocco’s investment in a new $300 million BTR cathode plant for EV batteries marks a significant leap towards becoming a key player in the global EV supply chain.
-
A tragic bus accident in Limpopo, South Africa, has claimed 45 lives of Easter pilgrims from Botswana, marking one of the deadliest road incidents in the region.
-
Nigeria’s Dangote refinery, set to refine 650,000 bpd, could end the decades-long $17 billion gasoline trade from Europe to Africa, challenging European refineries’ survival.
-
Four Educor-owned colleges in South Africa are ordered to close, affecting thousands of students, after investigations reveal fabricated results and financial irregularities.
-
In response to unprecedented inflation, Nigeria’s Central Bank elevates its benchmark rate to 24.75%, aiming to stabilize Africa’s biggest economy amid rising living costs.
-
In a significant ruling, South Africa’s election court has denied the ANC’s attempt to block the MK party, supported by Jacob Zuma, from participating in the 2024 elections.