Tag: Economy
Nigeria: Economy Grows in First Quarter on Oil Price Rise
Nigeria's economy grew 0.5 percent in the first quarter, boosted by higher crude output and oil prices, according to the…
Ethiopia: Vodafone Consortium receives new telecoms license
Ethiopia has granted a new telecommunications license to a consortium led by Vodafone Group Plc of the United Kingdom, paving…
Nigerian government to engage private sector to transform economy
The Nigerian government has announced that it will continue to engage and collaborate with the Nigerian Exchange Group (NGX Group)…
Zambian finance ministry reveals country need to boost tax revenues to curb fiscal deficit
The finance ministry said on Friday that it wants to boost tax collection due to the fact that Zambia's fiscal…
Uganda, Tanzania, oil firms sign accords to construct 3.5 billion pipeline
Uganda, Tanzania, and the oil companies Total and CNOOC signed agreements on Sunday to begin construction of a $3.5 billion…
Tanzania delegation in Uganda ahead of signing of oil deal
Tanzania's delegation for the tripartite meeting with Uganda and oil firm Total arrived in Kampala on Friday, ahead of the…
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S. Africa’s Naspers hires Airbnb, Amazon veteran to lead global classifieds business
Naspers Ltd, Africa's largest firm, announced on Thursday that it has recruited a top Airbnb and former Amazon executive to…
S. Africa’s Eskom to implement power cuts after losing generation capacity
After losing generation energy, South Africa's struggling state utility Eskom announced on Wednesday that it would implement scheduled power cuts…
Tanzania power project sets stage for electric SGR operations
Tanzania's State power company will provide 70 megawatts of electricity to power the first phase of the standard gauge railway…
Somalia issues first mobile money licence to telecom firm
As the Horn of Africa nation strives to align its payment systems with the global financial system, the Central Bank…
South Africa Sees Main Surplus as Key Fiscal Anchor
In lieu of an expenditure cap, South Africa has altered its emphasis to make a primary budget surplus its most…
S. Africa plans to strengthen spending on vaccines, job creation
In an effort to counter the economic damage caused by the coronavirus pandemic, South Africa announced plans on Wednesday to…
