Economy

By Enyichukwu Enemanna Authorities in Botswana say the country has unearthed one of the largest diamonds ever at one of its mining sites, a development that has attracted widespread excitement. It is believed that the huge...

By Enyichukwu Enemanna Uganda's Energy Minister says the East African country is exploring for oil in two new regions where potential discoveries of crude could increase the country's reserves currently standing at 6.5 billion barrels. Commercial...

By John Ikani HSBC Holdings is exploring the sale of its South African holdings to focus on expanding in Asian markets. According to a Bloomberg report, potential buyers for the South African branch and securities business...

By Enyichukwu Enemanna Authorities in the oil-rich most populous black nation, Nigeria have announced that sale of crude oil to the first private refinery in the country, Dangote Refinery in local currency, the Naira will commence...

By Enyichukwu Enemanna Libya’s central bank has announced an indefinite suspension of operations in protest over the abduction of its senior official. The top bank on Sunday said activities will not resume in its Tripoli headquarters...

By John Ikani A recent study by Kenya's Institute for Public Policy Research and Analysis suggests that Kenya may face a reduction in revenue once the African Continental Free Trade Area (AfCFTA) is implemented. While the...