Exxon Mobil Corp., the largest U.S. oil company, has decided to end its 30-year presence in Equatorial Guinea, one of Africa’s smallest but richest nations. The move marks a dramatic…
Economy
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Angola is preparing to launch an initial public offering (IPO) for Unitel, its biggest telecommunications company, in 2024. The move is part of the country’s efforts to diversify its economy,…
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Nigeria’s central bank has increased the interest rates on short-term debt obligations in a bid to attract foreign investors and stabilize the naira, the country’s currency. The Abuja-based Central Bank…
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Egypt has announced a massive social protection package worth over $26 billion to help its citizens cope with the soaring cost of living amid a looming currency devaluation. The package,…
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The political turmoil in Zimbabwe has taken a toll on the salaries of local government officials, especially those from the opposition. The mayor of Bulawayo, the country’s second-largest city, revealed…
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Under Dr. Dele Alake’s guidance, Nigeria is leading the charge in harnessing Africa’s vast mineral resources for economic prosperity.
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SAA kicks off its 90th-anniversary celebrations in Lagos, honoring travel agents for their pivotal role in the airline’s success story.
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Nigeria’s Central Bank identifies $2.4 billion irregularities in overdue forex transactions amid a naira crisis; a Deloitte audit exposes issues.
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Botswana, one of Africa’s most stable and prosperous nations, has unveiled an ambitious budget for the 2024/25 fiscal year, aiming to boost economic growth, create jobs and diversify its diamond-dependent…
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South Africa’s retail sector, which has been struggling with low consumer spending and high inflation, could see some relief in the second half of 2024 as interest rates are expected…