Business

Tanzania Launches Modern Electric Railway Service
- By the Editor
- . 7 August 2024
The Tanzania Railways Corporation (TRC) has inaugurated passenger services on the 440km section of the Standard Gauge Railway (SGR) connecting

African faith leaders call for debt forgiveness in 2025 Jubilee year
- By the Editor
- . 26 July 2024
African faith leaders are calling for debt forgiveness as the Vatican’s 2025 Jubilee year approaches to help their countries tackle

Nigeria Launches Inaugural AfCFTA Shipment, Marking a Milestone in Continental Trade Integration
- By the Editor
- . 25 July 2024
Five years after inaugurating the Nigeria AfCFTA Coordination Office, President Bola Ahmed Tinubu has launched the first shipment of Nigeria’s

Nigeria Increases Minimum Wage Amid Economic Struggles
- By the Editor
- . 24 July 2024
Nigerian lawmakers have passed legislation to more than double the minimum wage to 70,000 naira ($44.16) a month, following extended

Uganda’s Central Bank Begins Gold Purchases to Bolster Foreign Reserves
- By the Editor
- . 18 July 2024
Uganda’s central bank has launched a program to buy locally-produced gold to strengthen its foreign reserves and navigate challenges in

Ethiopia and UAE Sign $817 Million Currency Swap Agreement
- By the Editor
- . 17 July 2024
The central banks of Ethiopia and the United Arab Emirates (UAE) have signed a bilateral currency swap agreement valued at

South Africa’s New Cabinet Have Accepted the Budget
- By the Editor
- . 16 July 2024
South Africa’s new coalition Cabinet largely accepted the government’s existing fiscal framework, though sticking points may arise when allocations are

Cargo Ship Grounded Off South African Coast
- By the Editor
- . 12 July 2024
The general cargo ship Ultra Galaxy, managed by Ultrabulk, has run aground off the coast of Brand se Baai, 385

South Africa Goes 100 Days Without Load Shedding
- By the Editor
- . 10 July 2024
Dr. Kgosientsho Ramokgopa, South Africa’s Minister of Electricity and Energy, highlighted the achievement of 100 consecutive days without load shedding