Economy & Trade

Kenya and Uganda resolve oil import row

Kenya and Uganda have resolved an oil import row that had threatened to affect the two countries' relationship.

President Museveni launches Uganda's first-ever Islamic bank

President Yoweri Museveni urges Salaam Bank ''to engage in income generating activities to fight poverty.''

Nigeria unveils new economic management plan

Nigeria's President Bola Tinubu has unveiled a special team tasked with coming up with an emergency plan to improve the economy.

Live Updates: Israel kills multiple Palestinians in West Bank raid

Israel's war on besieged Palestinians of Gaza — now in its 173rd day — has killed at least 32,490 people and wounded 74,889 as countries at UN rally behind expert who accused Israel of genocide.

Guinea-Bissau: US jails ex-president's son over drug trade to fund coup

Malam Bacai Sanha Jr had pleaded guilty to the charges, according to the US Justice Department.

Ethiopian bank recovers 78pc of funds in system glitch

An Ethiopian bank that lost millions of US dollars in unauthorised deductions has recovered 78% of the funds.

BRICS bank aims to make $5 billion in loans in 2024

The New Development Bank (NDB) was established by the BRICS group of emerging economies in 2015.

US sues Apple for 'monopolising' smartphone market

The US Justice Department has sued Apple over allegations of "monopolising" the smartphone market.

Nigeria's central bank clears valid forex backlog

The Central Bank of Nigeria (CBN)  pays part of  the estimated $7 billion backlog as vetting continues to determine legitimate transactions.

Nigerian bank acquires National Bank of Kenya

Nigerian bank, Access, has acquired the National Bank of Kenya from KCB Group.

Live Updates: Israeli drone strike kills three Palestinians in West Bank

Israeli war on besieged Palestinians of Gaza — now in its 166th day — has killed at least 31,923 people and wounded 74,096 others, as Netanyahu plans next onslaught on southern Rafah.

Ghana's economy grew by 3.8% in fourth quarter

Ghana is experiencing its worst economic crisis in years and is working towards debt reworks with creditors.

Ethiopian bank seeks to recoup excess money taken by clients

An Ethiopian bank is seeking to recover millions of US dollars withdrawn by clients who did not have enough money in their accounts.

Senegal election 2024: Anta Babacar the only woman on presidential ballot

Anta Babacar, a former business executive, is promising to restructure the economy to curb inflation and youth unemployment.

Egypt, EU sign $8 billion economic deal

Egypt has been under economic pressure partly due to the ongoing Israeli war on the Gaza, which impacted the country’s revenues from tourism and shipping through the Suez Canal.

South Africa to import treated water from Zimbabwe

South Africa has signed a deal to import 15 million cubic metres of treated water from Zimbabwe.

South Sudan president fires finance minister as economic crisis worsens

The dismissal of the minister, Bak Barnaba Chol, was announced in a decree read on state TV.

Nigeria's inflation rate rises to 31.70%

The rising costs of living have since triggered protests in several parts of the country.

South Africa, Ghana to expand ties under Africa's free trade initiative

South Africa and Ghana already have a business agreement covering various areas of economic, technical, scientific, social, and cultural cooperation.

South Africa, Ghana to expand ties under Africa free trade initiative

South Africa and Ghana already have a business agreement covering various areas of economic, technical, scientific, social, and cultural cooperation.

Live Updates: Israel kills Jordanian in West Bank - Palestinian ministry

Israel's war on besieged Palestinians of Gaza — now in its 158th day — has killed at least 31,184 people, mostly children and women, and wounded 72,889

Senegal opposition pledges reforms, new currency

Senegal's opposition coalition has pledged a raft of changes, including a new currency, should it win the March 24, 2024 presidential poll.

Herbert Wigwe: Late Nigerian bank boss, wife, son buried

Hundreds of mourners gathered in Rivers State, Southern Nigeria for the funeral service on Saturday.

Herbert Nwigwe: Late Nigerian bank boss, wife, son buried

Hundreds of mourners gathered in Rivers State, Southern Nigeria for the funeral service on Saturday.