Tag: Economy
Sudan switches to managed currency float amid economic crisis
Sudan is moving from a fixed exchange rate to a managed float, the central bank said Sunday, but at the…
Nigeria’s economy exits recession
In the fourth quarter of 2020, the Nigerian economy exited recession, recording its first growth in three quarters as the…
Egyptian Plan to Supply Europe’s LNG Gets Boost as Plant Reopens
After an eight-year hiatus, Egypt is close to restarting its second liquefied natural gas project, as the North African nation…
AfDB blacklists Kenyan firm “over tender” fraud
On Tuesday, the African Development Bank (AfDB) barred Global Interjapan (Kenya) Limited, a civil engineering company based in Kenya, from…
Shell files int’l arbitration against Nigeria over oil spill case
According to a filing with the World Bank dispute resolution agency, Royal Dutch Shell has initiated international arbitration against Nigeria…
Google vows $10m to bolster Kenya’s economic recovery
On Wednesday, Google committed $10 million (Ksh1.1 billion) to support Kenya's economic recovery, battered by the effects of the Covid-19…
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Kenya seeks G20 $298m debt holiday extension
Kenya may obtain additional debt relief from the Paris Club of international creditors to help lessen Covid-19 related financial distresses.…
Zimbabwe Plans to List Company Holding State Mining Assets
The nation's finance minister said that Zimbabwe, banking on mining to end two decades of economic stagnation, plans to list…
Libya’s Oil Output Falls as Pipelines Creak From War-Era Neglect
Since the closure of a leaking pipeline, Libya's oil production has fallen by around 200,000 barrels, underscoring how difficult it…
South Africa May Restart Covid Unemployment Relief, Unions Say
The Unemployment Insurance Fund of South Africa may restart payments to assist individuals unable to work due to the coronavirus…
Nigerian Senate President Promises Action on ‘Long-Delayed’ Oil Reform Law
The Senate president of Nigeria said that lawmakers will push the bill through the national assembly despite forces "working desperately"…
Senegal Eyes 2023 To Kickstart $4.8 Billion BP-Backed Project
According to Oil Minister Sophie Gladima of Senegal, the Grand Tortue Ahmeyim gas field development, straddling the offshore waters of…
