Finance
-
Turkey discovers 20 billion barrels of oil in Somalia
Turkey has discovered an estimated 20 billion barrels of commercially viable crude oil in East Africa, marking a significant expansion…
Read More » -
Tanzania bans use of US dollars, other foreign currencies for local transactions
The Bank of Tanzania has officially banned the use of all foreign currencies, including the US dollar, for domestic transactions…
Read More » -
Rural Poverty in Nigeria Soars to 75.5%, World Bank Warns
A new report from the World Bank has exposed the depth of Nigeria’s poverty crisis, with 75.5% of rural dwellers…
Read More » -
Burkina Faso Rolls Out 115 New Buses in Bold Push for Public Transit Reform
Burkina Faso has taken a decisive step toward transforming its public transportation system. A fleet of 115 brand-new buses has…
Read More » -
Tanzania Raises Public Sector Minimum Wage From $137 to $186 Amid Economic Growth
In a major announcement during Tanzania’s Labour Day celebrations on May 1, 2025, President Samia Suluhu Hassan revealed a significant…
Read More » -
Nigeria’s GDP per capita falls to $824, worse than 1960 levels – AfDB President Adesina
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has delivered a stark warning about Nigeria’s economic trajectory. In…
Read More » -
Nigeria Fines Meta and WhatsApp $220 Million Over Data Privacy Violations
Nigeria’s Competition and Consumer Protection Tribunal has ordered Meta Platforms Inc. and its subsidiary WhatsApp to pay a $220 million…
Read More » -
China signs major liquefied natural gas deals with UAE to replace US supply amid trade war
China is doubling down on its energy ties with the Middle East, sealing a string of long-term liquefied natural gas…
Read More » -
7 ways the Swiss think about money — Why 1 in 7 Swiss Adults Is a Millionaire
Switzerland is known for many things — chocolate, watches, mountains — but there’s another standout trait that doesn’t get as…
Read More » -
Nigeria Sovereign Investment Authority Reports Record ₦1.86 Trillion Profit Amid Oil Theft Decline
The Nigeria Sovereign Investment Authority (NSIA) has announced a record-breaking profit of ₦1.86 trillion for the 2024 financial year, marking…
Read More »