Namibia to Address Drought Impact by Culling 83 Elephants and Distributing Meat
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...
Category : ECONOMY
African Farmer Thrives with China’s Juncao Tech Boost
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...
Agriculture Scores Big with $1.47 Billion Trade Surplus in Q2!
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...
Venezuelan Gov’t Strikes Natural Gas Deal With Nigerian Corporation
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...
Agriculture Landscape and the Technological Evolution
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...
Egypt Receives First Fuel Shipment to Combat Power Cuts
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...
NDIC Begins Liquidation of Heritage Bank’s Assets
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...
Tanzania Government Records Impressive 2023/24 Budget Execution
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...
Ghana’s Cedi Hits Record Low Amidst Rising Dollar Demand for Imports
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...
Azerbaijani’s President visit to Egypt: A Step Towards Greater Economic Influence in the Middle East
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...
Sintana Energy completes acquisition in Namibia’s Orange basin hotspot
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...
Uganda and South Korea Join Forces to Build Nuclear Power Plant
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...
Kenyan Shilling Strength Reduces External Debt to KSh 5.2 Trillion
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...
African Leaders Convene in Nairobi for World Bank Summit
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...
Nigeria: Government workers’ salaries have been boosted by as much as 35 percent.
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...
Nigeria’s Diplomatic Evolution: Exploring BRICS Membership and UNSC Seat
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...
Watch Out for the July 4th Edition of 1st Afrika Magazine..
Stay tuned for more details…. ...
Markets are so Fixated on Inflation They Might Miss the Next Big Blowup, Says BlackRock
While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock warns. BlackRock Investment Institute said in...
Kenya Moves to Cut Harmful Gas Emissions
Treasury CS Ukur Yatani (PHOTO: FILE) The government is in the final stages of establishing a carbon trading system that will minimize the emission of...
WTO calls papers for Young Economists Essay Award
The World Trade Organisation (WTO) has issued a call for young economists to submit papers for the 2021 WTO Essay Award, which aims to promote...