ECONOMY Archives - Page 10 of 23

Ruto and Xi Discuss Major Infrastructure Projects to Strengthen Kenya-China Partnership.

Jide AdesinaSeptember 3, 2024

by Jide AdesinaSeptember 3, 20240239

The expansion of Kenya’s infrastructure dominated discussions between President William Ruto and Chinese President Xi Jinping during their meeting at the Great Hall of the...

Africa Asia ECONOMY

Xi Jinping and Tinubu Pledge to Deepen China-Nigeria Relations, Sign New Cooperation Agreements

Jide AdesinaSeptember 3, 2024

by Jide AdesinaSeptember 3, 20240172

Chinese President Xi Jinping has reaffirmed his commitment to working closely with Nigerian President Bola Tinubu to strengthen the longstanding diplomatic friendship between China and...

Africa BUSINESS ECONOMY

Dangote Refinery Unveils First Petrol Batch, Promises Market Availability Within 48 Hours

Jide AdesinaSeptember 3, 2024

by Jide AdesinaSeptember 3, 20240159

The Dangote Oil Refinery, with a capacity of 650,000 barrels per day (bpd), has unveiled its first petrol product to the Nigerian public. The presentation...

Africa Asia ECONOMY International News

Renewed Chinese Investment in Africa: Lending Increases in 2023

Jide AdesinaAugust 29, 2024

by Jide AdesinaAugust 29, 20240143

In 2023, Chinese lending to Africa saw an increase for the first time in several years, according to research by Boston University’s Global Development Policy...

Africa ECONOMY Tourism

Namibia to Address Drought Impact by Culling 83 Elephants and Distributing Meat

Jide AdesinaAugust 29, 2024

by Jide AdesinaAugust 29, 20240224

Namibia has announced plans to cull 723 wild animals, including 83 elephants, to provide meat to communities severely affected by a prolonged drought across southern...

Africa Commerce ECONOMY

African Farmer Thrives with China’s Juncao Tech Boost

Jide AdesinaAugust 22, 2024

by Jide AdesinaAugust 22, 20240257

After graduating from university in 2017, Nyambo Obed from Rwanda found a new path in agriculture thanks to Chinese farming technology. Initially unemployed, Obed took...

Africa ECONOMY

Agriculture Scores Big with $1.47 Billion Trade Surplus in Q2!

Jide AdesinaAugust 20, 2024

by Jide AdesinaAugust 20, 20240202

South Africa’s agricultural exports took a slight dip in the second quarter, dropping by 0.1% year-on-year to $3.37 billion. This follows a strong start to...

ECONOMY

Venezuelan Gov’t Strikes Natural Gas Deal With Nigerian Corporation

Jide AdesinaAugust 12, 2024

by Jide AdesinaAugust 12, 20240228

Venezuela’s state oil company PDVSA has signed two agreements with Nigerian firm Veneoranto to advance in the exploration of offshore natural gas reserves. The ceremony...

ECONOMY

Agriculture Landscape and the Technological Evolution

Jide AdesinaJuly 22, 2024

by Jide AdesinaJuly 22, 20240288

The agricultural landscape has seen a remarkable shift from traditional methods to a more sophisticated and efficient approach. This evolution has been fueled by the...

ECONOMY

Egypt Receives First Fuel Shipment to Combat Power Cuts

Jide AdesinaJuly 2, 2024

by Jide AdesinaJuly 2, 20240275

LNG delivery is the first of 21 fuel cargoes the government plans to import to meet summer demand A tugboat pulls an Energean floating production...

ECONOMY

NDIC Begins Liquidation of Heritage Bank’s Assets

Jide AdesinaJune 15, 2024

by Jide AdesinaJune 15, 20240398

The Nigeria Deposit Insurance Corporation (NDIC) has initiated the liquidation process for Heritage Bank Plc following the revocation of its banking license by the Central...

ECONOMY

Tanzania Government Records Impressive 2023/24 Budget Execution

Jide AdesinaJune 14, 2024

by Jide AdesinaJune 14, 20240343

MINISTER for Finance, Dr Mwigulu Nchemba said on Thursday the government has recorded an impressive budget implementation in the ending 2023/2024 financial year by executing...

ECONOMY

Ghana’s Cedi Hits Record Low Amidst Rising Dollar Demand for Imports

Jide AdesinaJune 11, 2024

by Jide AdesinaJune 11, 20240367

Ghana’s cedi has hit a record low, exacerbated by a strong demand for the U.S. dollar to pay for imports. This decline marks the cedi’s...

ECONOMY

Azerbaijani’s President visit to Egypt: A Step Towards Greater Economic Influence in the Middle East

Jide AdesinaJune 11, 2024June 11, 2024

by Jide AdesinaJune 11, 2024June 11, 20240375

Azerbaijani President Ilham Aliyev arrived on an official visit to Egypt. In what areas can the two countries cooperate? – I think the Azerbaijani President’s...

ECONOMY

Sintana Energy completes acquisition in Namibia’s Orange basin hotspot

Jide AdesinaJune 10, 2024

by Jide AdesinaJune 10, 20240386

Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) said it has completed its acquisition of a 49% interest in Giraffe Energy, which owns a 33% interest in an exploration license...

Africa Asia BUSINESS ECONOMY International News

Uganda and South Korea Join Forces to Build Nuclear Power Plant

[email protected]June 4, 2024

by [email protected]June 4, 20240462

In a significant move towards diversifying energy sources and promoting sustainable development, Uganda and South Korea have launched a joint initiative to construct a nuclear...

Africa BUSINESS ECONOMY

Kenyan Shilling Strength Reduces External Debt to KSh 5.2 Trillion

[email protected]June 3, 2024

by [email protected]June 3, 20240318

In an unexpected development, the Kenyan shilling has shown notable strength against the US dollar and other major global currencies, emerging as one of the...

Africa ECONOMY

African Leaders Convene in Nairobi for World Bank Summit

Jide AdesinaMay 1, 2024May 1, 2024

by Jide AdesinaMay 1, 2024May 1, 20240353

African Leaders Convene in Nairobi to Advance Development Goals at IDA Summit Nairobi recently hosted an important gathering of African heads of state at the...

BUSINESS ECONOMY

Nigeria: Government workers’ salaries have been boosted by as much as 35 percent.

Jide AdesinaMay 1, 2024

by Jide AdesinaMay 1, 20240346

In observance of May Day, the Nigerian government has announced a salary increase of 25 percent and 35 percent for certain groups of workers across...

ECONOMY

Nigeria’s Diplomatic Evolution: Exploring BRICS Membership and UNSC Seat

Jide AdesinaMarch 10, 2024

by Jide AdesinaMarch 10, 20240491

Nigeria, under the stewardship of its Minister of Foreign Affairs, Ambassador Yusuf Tuggar, is navigating new diplomatic frontiers, poised to enhance its global standing. The...

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