Economy

By John Ikani The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has asserted that local content is indispensable in driving sustainability and cost-effectiveness in African industries. Engr. Wabote made...

By Ebi Kesiena In the month of May, Kenya's private sector activity fell but at a slower pace than its performance in April, helped by improved performance in agriculture and construction but hurt by rising fuel...

By Enyichukwu Enemanna The Chief Executive Officer (CEO) of Rwanda's flag carrier RwandAir, Yvonne Manzi Makolo has become the first woman chairperson of the board of governors of the International Air Transport Association (IATA). The former...

By John Ikani  Africa's largest economies, including South Africa, Egypt, Nigeria, and Algeria, are witnessing sluggish growth compared to other regions on the continent, according to a new report by the renowned economic consultancy, McKinsey. McKinsey's...

By John Ikani  Following a weekend of intense oil meetings in Vienna, the Organization of Petroleum Exporting Countries and other OPEC+ members have reached an agreement to maintain their current supply curbs until the end of...

By John Ikani UBS, the Swiss banking giant, and crisis-hit domestic rival Credit Suisse announced on Monday that they expect to finalize their merger by June 12. The date comes slightly later than previously anticipated by...