Economy

By Enyichukwu Enemanna President of Tanzania, Samia Suluhu Hassan on Wednesday appointed a new energy minister as part of measures to rejig the cabinet ahead of expected approval for a $42 billion liquefied natural gas (LNG)...

By Emmanuel Nduka Wages in Germany rose at a record annual pace of 6.6 per cent in the second quarter of 2023, giving a much-needed boost to consumers’ spending power. The sharp increase is also fuelling...

By Enyichukwu Enemanna The government-owned China Development Bank (CDB) has agreed to support African small and medium-sized enterprises (SMEs) with the sum of $400 million in loan term. A development-focused agreement for provision of the fund...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50 million NOGaPS Manufacturing Fund. The Fund...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday unveiled 17 portfolio companies that have successfully concluded research- and innovation-based training at its Technology Incubation and Innovation Centre (TIIC), signalling intensification of...

Several regions of Kenya went without power on Friday and Saturday in outages that also left Nairobi international airport in darkness for several hours. Kenya Power and Lighting Company (KPLC) reported “a system disturbance leading to...