Saudi Arabia makes a groundbreaking move, slashing hiring costs for African domestic workers, marking a pivotal change in international labor dynamics.
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Economy
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The ongoing security crisis in the Red Sea has forced many shipping companies to reroute their vessels around the Cape of Good Hope, creating a surge in demand for refueling …
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US Secretary of State Antony Blinken will embark on a four-nation tour of Africa next week, aiming to strengthen the diplomatic relationship between the US and the continent. Blinken will …
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Currency traders anticipate changes in African exchange rates, with Ghana’s cedi expected to strengthen, the Kenyan and Nigerian currencies to weaken, and Uganda’s shilling to remain stable in the coming …
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In a historic move, the UNDP launches a $1 billion Timbuktoo Africa Innovation Fund, aiming to transform Africa’s startup landscape and unlock the potential of its young entrepreneurs.
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Nigeria is in talks with the World Bank to secure up to $1.5 billion of budget support to help ease a severe dollar shortage that has contributed to the naira’s …
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Facing economic headwinds, South Africa’s retail sector records a 0.9% year-on-year drop in November, challenging consumer market resilience.
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Lesetja Kganyago, South Africa’s central bank governor, anticipates 5% inflation in 2024 amidst global and domestic economic uncertainties.
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Optiva Capital launches DIDI, a pioneering product set to channel $5 billion of diaspora funds into Nigeria, revolutionizing investment opportunities for Nigerians overseas.
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Tanzania has lifted the ban on Kenya Airways flights, allowing the airline to operate between Nairobi and Dar es Salaam.