Economy

By Enyichukwu Enemanna South Africa will commit the sum of 1 billion rand ($54.27 million) to support the local production of new electric vehicles (EVs) and batteries, as well as other related manufacturing projects, the country's...

Nigeria’s daily crude oil yield has once more slipped under the ceiling assigned by the Organisation of the Petroleum Exporting Countries. Fresh numbers from the Nigerian Upstream Petroleum Regulatory Commission indicate that the nation pumped out...

By Enyichukwu Enemanna Ghana’s government has announced the scrapping of several COVID-19-era taxes imposed as a means to secure funding from the International Monetary Fund (IMF), attributing the decision to the economic impact on citizens. Five...

By Emmanuel Nduka The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) Commission have signed a groundbreaking agreement worth $11.18 million aimed at boosting rice production across West Africa. The announcement...

By Emmanuel Nduka  Tunisia’s engineering sector is facing a serious crisis, marked by the emigration of 39,000 engineers. This represents approximately 43% of the 90,000 engineers registered with the Tunisian Order of Engineers (ILO). Historically known...

Major banks and fintech firms worldwide are racing to create their own stablecoins, hoping to tap into a massive cross-border payments market they believe will soon be transformed by digital currencies. In February, Bank of America...