Staff Writer, Nigerian Tribune Image used for illustrative purpose. Getty Images Two years after Nigeria’s economic reforms have gained traction with macroeconomic stability returning, foreign capital flowing in, and the economy on a steady trajectory to full recovery, the nation has achieved progress many thought was impossible, and more can be accomplished if the momentum is…
Paul Makube, Bizcommunity.com Image used for illustrative purpose. Getty ImagesGetty Images South Africa’s GDP remained lethargic with an expansion of 0.1% q/q seasonally adjusted (not annualised) but still mildly above market expectations of a contraction. However, agriculture continues to be on the mend following the drought-induced contraction of 8.7% year-on-year in 2024. Agriculture GDP outperformed other…
Staff Writer, Nigerian Tribune Lagos, Nigeria: the city from the air – Lagos island and Victoria Island separated by Five Cowrie Creek – Eko Atlantic City land reclamation – Lagos Lagoon, Gulf of Guinea, Atlantic Ocean in the backround. Getty Images Image used for illustrative purposeGetty Images The African Development Bank (AfDB) has praised the Nigerian…
Paul Makube, Bizcommunity.com kyline of Johnnesburg at sunset from the Carlton Tower. Getty Images. Image for illustrative purpose After a unsteady start to the 2024/25 summer crop season with delayed rains despite the La Niña forecasts, production improved significantly as the season progressed. Excellent rains Although excessive and consequently delaying the onset of harvesting in some…
Mukhtar Y. Madobi, Nigerian Tribune Residents walk as they leave the flooded areas in Maiduguri, northern Borno state, Nigeria September 15, 2024. REUTERS/Ahmed Kingimi. Image used for illustrative purpose.Reuters AS 2025 begins, it is crucial to reflect on the significant events that shaped Nigeria’s emergency and response sector over the past year. The year 2024 was…
By Trixie Sher Li Yap A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsPrices ease after rising close to 10% since the start of the year Markets eye US data releases this week…
By Reuters Ships are seen from a plane window, passing through the Suez Canal, Egypt, March 23, 2024 REUTERS/Mohamed Abd El Ghany/File Photo Purchase Licensing Rights CAIRO, Dec 28 (Reuters) – Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from…
Bernard Busuulwa The UAE is focusing on increasing foreign direct investment and bilateral trade with Uganda The United Arab Emirates (UAE) is pursuing new business opportunities in Uganda, with at least 20 Dubai-based companies seeking investment deals in manufacturing, real estate, healthcare, technology, oil and gas, textiles and agricultural sectors, despite concerns about the competitiveness…
Staff Writer, Agence France-Presse (AFP) Huge deposits of natural resources — including oil, gas and gold — have pushed the economy of the world’s biggest cocoa producer in a new direction Ivory Coast’s mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now wants a bigger slice of…
Africa Business Image used for illustrative purpose. Getty Images If you ask people around the world which countries and continents are global leaders in business, most likely you’ll hear the United States, China, and European countries come up. However, a shift appears to be happening: Africa is starting to emerge as a real player in…
