Economy

By Enyichukwu Enemanna South Africa is preparing a last-minute "enhanced" trade proposal at the advice of U.S. officials, hoping to escape a 30% tariff by Washington which takes effect Friday, August 1, its trade minister said...

A punishing 30 percent tariff on South African exports to the United States has now taken effect, delivering a blow to one of Africa’s most vital trade corridors. The fallout could be staggering: R63 billion in...

Tanzania has announced a sweeping ban on foreign nationals operating small-scale businesses, triggering a diplomatic flare-up with Kenya and stirring broader concerns over regional trade unity in East Africa. The directive, issued by Trade Minister Selemani...

By Enyichukwu Enemanna The United States Embassy in Nigeria has condemned the West African nation for "splurging" billions in construction and rehabilitation of government buildings while the masses groan under the heavy weight of economic challenges....

By Enyichukwu Enemanna  Russia on Sunday began direct commercial flights to North Korea, in a further sign of closer ties with its Asian ally helping its offensive in Ukraine. The first Moscow-Pyongyang flight, operated by Russia’s...

By Emmanuel Nduka As part of efforts to drive innovation and entrepreneurship among Nigerian youths, the Federal Government of Nigeria will in August unveil a N50 million grant for students in Science, Technology, Engineering, Mathematics, and...