Economy

South Africa’s finance minister, Enoch Godongwana, has warned that the country’s budget deficit will be larger than expected due to lower tax revenues and higher spending pressures. In his medium-term …

Germany has announced a new financial and technical cooperation agreement with the Economic Community of West African States (ECOWAS) to support the regional bloc in addressing various challenges, including economic …

African Petroleum Producers Organisation (APPO) Secretary-General, Omar Farouk Ibrahim, spotlighted key obstacles facing African oil producers: funding, technological knowledge, and market accessibility. In Abuja, at the third Africa Local Content …

In a strategic move, Nigeria’s leading oil company, AITEO, recently disclosed an innovative crude oil transportation mechanism, echoing President Bola Tinubu’s economic objectives. Initiated by visionary founder Benedict Peters, AITEO …

Former Finance and Industry, Trade, and Investment Minister, Olusegun Aganga, has called for urgent, cohesive action from the Nigerian government to harness the potential benefits of the African Continental Free …

The U.S. dollar is on track for its third consecutive monthly gain, buoyed by robust U.S. economic growth figures that suggest interest rates may remain high for an extended period. …

The African continent is on the brink of a renewable energy renaissance with a significant boost from the Green Climate Fund (GCF). In a decisive move to tackle the chronic …

Ivory Coast, the world’s largest cocoa producer, is facing a standoff with multinational chocolate companies over the premium it charges to improve the income of its farmers. The West African …

Zimbabwe is facing severe food insecurity due to recurrent droughts, economic challenges, and the impact of the COVID-19 pandemic. According to the World Food Programme, more than 8.6 million people, …

Vice President Kashim Shettima emphasized the necessity of the direct engagement of capital market stakeholders to mitigate Nigeria’s staggering $3 trillion infrastructure deficit. He advocated at the West Africa Capital …