News

WeWork, the office-sharing startup that once soared to a $47 billion valuation, has filed for bankruptcy protection in the US. The company, which is backed by Japanese tech giant SoftBank, …

Japan’s optimism about Nigeria’s economic prospects shines despite the tough business environment. Takashi Oku, the Managing Director for the Japan External Trade Organisation (JETRO), affirmed this at the 2023 Lagos …

South Africa faces a serious challenge of attracting and retaining skilled workers, as inefficiencies and delays plague its visa system. This is hampering the country’s economic recovery, as foreign investors …

The U.S. dollar gained some ground against the euro on Monday, after falling to its lowest level in almost two months. Investors are waiting for more clues from the Federal …

South Africa’s largest real estate investment trust (REIT), Redefine Properties, has reported a 4.1% decline in its distributable income for the year ended August 31, 2023, amid challenging economic conditions …

A powerful earthquake rocked Nepal’s northwest region on Friday night, killing at least 157 people and injuring hundreds more, according to officials. The quake, which measured 5.7 in magnitude, was …

Thousands of Senegalese migrants have attempted to reach Spain’s Canary Islands by boat in recent months, risking their lives in the perilous Atlantic crossing. Many have died or gone missing …

US President Joe Biden has expressed his strong support for the reauthorization and modernization of the African Growth and Opportunity Act (AGOA), a key trade program that grants duty-free access …

The dollar has hit a six-week low as new data reveals weaker-than-expected job creation in the United States, raising doubts about further interest rate hikes by the Federal Reserve. The …

Nigeria’s national grid recently collapsed again, plunging the country into darkness—a recurring issue lamented by President Bola Tinubu during German Chancellor Olaf Scholz’s visit to Abuja. The World Bank estimates …