Economy

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.

The United Nations is raising urgent concerns about a devastating food security crisis unfolding in Sudan. A report by the Integrated Food Security Phase Classification (IPC), a UN-backed authority on …

Zimbabwe faces a steep economic challenge as food and total consumption poverty lines surge, reflecting the harsh impact of currency devaluation.

The global cocoa market faces mounting pressure as prices soar, inching dangerously close to a breaking point. Reports indicate a relentless upward trajectory in cocoa prices, driven by a confluence …

The jubilant spirit of Ramadan, a holy month traditionally marked by community gatherings and feasting, is dimmed in Sudan this year. As the war between the Sudanese military and paramilitary …

South Africa’s National Assembly has given its backing to a draft expropriation bill, marking a significant step in the country’s land reform efforts. The bill, which has sparked debate and …

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.

Nigeria, Africa’s largest economy, has been grappling with significant economic challenges for several years. President Bola Tinubu, who took office in 2023, inherited a nation burdened by record debt, high …

Egypt has initiated the process of clearing its outstanding debts to petroleum companies, signaling a positive shift in its economic landscape. The move comes as part of the government’s efforts …