Home » Posts tagged with » Economy

Petrol, Diesel Prices Rise As Kerosene Drops In Kenya

Petrol, Diesel Prices Rise As Kerosene Drops In Kenya

Motorists will pay more for fuel for the next 30 days after prices go up in the latest review by the Energy and Petroleum Regulatory Authority (Epra). But for households that use kerosene for cooking and lighting, the price has dropped by Sh1.26 per litre. Super petrol and diesel prices went up Sh2.67 and Sh2.13 […]

Dangote Remains Africa’s Wealthiest Person For 9th Consecutive Year

Dangote Remains Africa’s Wealthiest Person For 9th Consecutive Year

For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1billion. In the latest ranking of the world’s billionaires by Forbes, the American global media company, focusing on business, investment, technology, entrepreneurship and leadership, Dangote’s present worth is down […]

Okada Riders Poise For War In Lagos

Okada Riders Poise For War In Lagos

The stage is set for a major confrontation between the Lagos State Government and commercial motorcyclists and tricycle operators otherwise known as Okada and Keke riders today. Last week, the state government announced the ban on their activities in six Local Government Areas and nine Local Council Development Areas in the state, with its enforcement […]

Tanzania Signs New Implementation Deal With Barrick

Tanzania Signs New Implementation Deal With Barrick

Tanzania and the Canadian mining giant Barrick Gold Corp on Friday signed an agreement to kick-start their new joint venture company to oversee Barrick’s future gold mining operations in the country, as a way forward following a year-long impasse. “Being a year now, we have finally completed the long journey of negotiations and renegotiations and […]

Morocco Is Up To Something Big : Water Fog

Morocco Is Up To Something Big : Water Fog

At first sight, these large black nets stretched vertically in the middle of nowhere have no reason to be. They do, however, fulfil a great mission: transforming fog into water. This unusual idea has changed the lives of the inhabitants of five villages in southwestern Morocco, who no longer have to travel several kilometres each […]

Milk Production Drops By 6 Percent Due To Pesistant Drought In Namibia

Milk Production Drops By 6 Percent Due To Pesistant Drought In Namibia

The ongoing drought has put the dairy industry under threat as milk production declines by over 6% an official said this week as reported by Xinhua this week. According to the Managing Director of Namibia Dairies Gunther Ling, fodder shortages leading to unsustainable feed prices threaten the existence of Namibia’s dairy industry. “The decline in […]

The First Electric Vehicle In Africa Sparks Hope

The First Electric Vehicle In Africa Sparks Hope

 THE first Electric Vehicle Road Trip (EVRT) in Africa has raised awareness around smarter mobility and inspiring the public and other stakeholders to join this revolution. This is according to organisers of the just-concluded momentous trip, which has been described as a resounding success. Driven by Generation.e, the EVRT Africa, powered by ACDC Dynamics and […]

Wall Street Is Ignoring The Omens Of Recession

Wall Street Is Ignoring The Omens Of Recession

The world is on the brink of a recession if all the breathless headlines are to be believed. So why are U.S. stocks near all-time highs? That’s a question my MBA students have been asking me lately. Even the Federal Reserve is concerned – at least worried enough to reduce U.S. borrowing costs for the second time this year. Stocks are usually considered a barometer of a […]

Kenya, Uganda Pledge U.S.$6.5 Million To the Global Fund

Kenya, Uganda Pledge U.S.$6.5 Million To the Global Fund

Kenya and Uganda are among 11 countries to pledge $32 million to the Global Fund ahead of its annual fundraising scheduled for October in France. In its 2019 report, Global Fund–an international financing organisation that fundraises and disburses money for controlling and treating HIV and Aids, Tuberculosis and malaria–Kenya has pledged $5 million, coming behind […]

Nigeria Retains Leadership Of Africa’s Mobile Phone Market

Nigeria Retains Leadership Of Africa’s Mobile Phone Market

Nigeria has remained Africa’s largest smartphone market in Q2 2019 followed by South Africa and Egypt, the latest figures by International Data Corporation (IDC) has revealed. Nigeria and South Africa saw smartphone shipments increase 3.6 per cent and 0.2 per cent respectively, while Egypt had 18.0 per cent quarter-on-quarter (QoQ) growth after the market shrunk […]

Page 1 of 38123Next ›Last »