Wednesday, May 22, 2024

Ghana traders threaten to close shops over inflation

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Shop owners in Ghana are threatening to close their business premises next Monday to protest against the weakening of the country’s currency, the cedi.  At...

Mushroom farming creating bright futures for Uganda women

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Mushroom growing has become one of the fastest-growing home-based venture in Uganda. It has proven to be a wellspring of income for many, especially women. It is...

Emirates to suspend Nigeria flights over blocked funds

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Emirates airline will suspend all flights to Nigeria from September 1. According to the Dubai based airline, the West African country has failed to repatriate...

Africa defies global trend with funding for startups surging

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As funding for startups falls across the globe, Africa is standing out as a notable exception, with its under-served population outweighing the impact of...

Ghana Cocoa Crop Set for 12-Year Low After Drought, Mine Damage

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Ghana is heading for its smallest cocoa crop in 12 years after drought withered pods and illegal gold miners damaged plantations, according to people...

Tanzania launches cultivation of over 11,000 hectares of block farms for youth

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Tanzanian authorities on Sunday launched the cultivation of 11,453 hectares of block farms for the youth in the country's central region of Dodoma. Hussein Bashe,...

Italy turns to Algeria for additional gas supply

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Italian Prime Minister Mario Draghi visited Algeria on Monday to sign several agreements, including an energy deal to boost gas supplies and reduce his...

Somalia authorizes first foreign banks in decades

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Somalia announced Sunday that it has granted banking licenses to two foreign institutions, opening the country to international investment for the first time in...

Central African Republic launches project for its own cryptocurrency and crypto-hub

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The Central African Republic, (CAR) officially launched on Sunday the construction of its own cryptocurrency, the Sango, and the future "first African crypto-hub" with...

Facility to Help Ease African Debt Crises Launched in France

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The creation of a finance facility to protect African nations against volatile commodity prices and onerous debt has been announced by the Finance for...

Europe’s Rubber Addiction Is Killing Africa’s Tropical Forests

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A first-of-its-kind investigation reveals that industrial rubber plantations in West and Central Africa have been linked to an area of tropical deforestation 16 times the size...

Russian Investors Quit Zimbabwe Platinum Project

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Zimbabwe’s biggest platinum project, struggling to get off the ground for the past two years has a new challenge. A major stake held by...

Russia stake in biggest Zimbabwe platinum project deters backers

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Zimbabwe’s biggest platinum project, struggling to get off the ground for the past two years has a new challenge. A major stake held by...

Uranium investors await price rally to revive Namibia projects

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Namibia’s finance minister said uranium miners are waiting for a price correction before reviving projects at Africa’s biggest ore producer, which is essential for...

African central banks to put brakes on hiking to prop recovery

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Central banks in five of eight major African nations will likely hold interest rates in the next two weeks to shore up their sickly...

A Ghanaian company makes wine from cocoa

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Cocoa has been Ghana's main commercial crop for several decades. And although the West African country is the second largest cocoa producer and exporter in...

Airlines Win Deal to Buy Fuel at Fixed Rate From Nigeria State

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Nigeria’s state energy company will sell aviation fuel to domestic airlines at a fixed price for three months after some companies threatened to ground...

Uganda acquires land for East Africa’s first nuclear power plant

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Uganda said it acquired land for the construction of East Africa’s first nuclear power plant as the continent’s top exporter of coffee beans attempts...

Regional Central Bank Slams Central African Republic for Adopting Bitcoin

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The Central African Republic adopted Bitcoin in disregard of a decades-old agreement on a common currency with five of its neighbors, a regional monetary...

Airlines Scrap Plan to Ground Flights as Nigeria Offers to Talk

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Nigerian airlines have suspended plans to ground flights starting Monday over the high cost of aviation fuel that is crippling their businesses and making...