Economy

Martina Biene, previously the Chairperson and Managing Director at Volkswagen Group South Africa (VWSA), steps into her new role as President of the African Association of Automotive Manufacturers (AAAM). She …

The United Bank for Africa (UBA) Plc reported a significant growth in its Q3 2023 unaudited financial results. According to a filing by [Nigerian Exchange Limited](#), the bank’s gross earnings …

Nigeria’s agricultural sector is set to receive a boost as John Deere, a leading American tractor manufacturer, plans to establish a tractor assembly plant there. Vice President Kashim Shettima announced …

King Charles III and Queen Camilla are on a four-day state visit to Kenya, the first Commonwealth country they have visited since he became the monarch. The visit coincides with …

  A recent study conducted by the Center for Global Development has unveiled a challenging outlook for African nations aiming to replicate East Asia’s success in industrialization as a means …

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 …