The Egyptian government raised fuel prices on Friday in a move that is bound to exacerbate inflationary pressures on an already struggling population. The new prices were announced on the Cabinet’s Facebook page and came into effect Friday morning. The price of diesel, the main fuel for the transport of people and goods, rose from …
Egypt increases fuel prices following depreciation of local currency Read More »
In 2023, ties between the UAE and Africa reach their peak, marked by Abu Dhabi’s commitment to invest $4.5 billion in the continent’s clean energy. With a total of $60 billion committed from 2012 to 2022, the Emirates are the fourth largest investor in Africa over the last decade, behind China, Europe and the United …
The United Arab Emirates as 4th investor in Africa Read More »
Zimbabwe, Africa’s largest tobacco producer, began its annual tobacco-selling season on Wednesday, with officials and farmers projecting a sharp decline in harvests and quality because of a drought blamed on climate change and worsened by the El Niño weather phenomenon. From a record harvest of 296 million kilograms (326,000 tons) last year, the country is …
Zimbabwe predicts a sharp decline in tobacco crop as El Niño takes toll Read More »
Brent futures for May rose 28 cents, or 0.3%, to US$82.20 a barrel by 0730 GMT. April U.S. West Texas Intermediate crude contract gained 28 cents, or 0.4%, to US$77.84 Oil prices rose on Wednesday on expectations of strong global demand, including in the world’s top consumer the United States, while somewhat sticky U.S. inflation did not significantly …
Oil higher on strong US demand, Fed policy in focus Read More »
The vice-president added that the National Communications Authority (NCA) is also engaging Benin and Gambia to establish similar bilateral agreements Vice-President Mahamudu Bawumia has announced that Ghana and Togo have signed free roaming services to begin this year. He outlined the government’s bold step to implementing the ECOWAS Free Roaming Services, noting that though it was adopted in …
Ghana signs agreement with Togo to begin free roaming services this year, says Bawumia Read More »
Under the MoU, World Vision will leverage its expertise to revamp existing water facilities in the community The Gold Fields Ghana Foundation and World Vision Ghana have formalised a partnership valued at approximately US$385,714 in a groundbreaking alliance aimed at alleviating the water crisis in the Damang-Huni Valley Municipality of the Western Region, With signing …
Damang: Gold Fields partners World Vision to provide potable water to host communities Read More »
The new IATC, BDAC partnership will, among seek to identify and develop avenues of business in various sectors of the Ghanaian economy BDAC Ghana Limited, an indigenous Ghanaian strategic consulting and advisory company has signed a memorandum of understanding (MOU) with the India Africa Trade Council (IATC) to strengthen business relations between the two entities and …
India Africa Trade Council and BDAC Ghana sign MOU to boost business cooperation Read More »
Mali’s rapid withdrawal from ECOWAS has left businesses and citizens to deal with the consequences of that decision Younouss Hamèye Dicko, the leader of the Alliance for an Intelligent and Successful Transition, a coalition of political parties, associations and movements, has stated that Malians, entrepreneurs, and the private sector have not been presented with an …
Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiment and as the market waited for monthly reports from oil agencies. Brent futures for May delivery were up 37 cents, or 0.4%, to US$82.58 a barrel by 0656 GMT. The U.S. …
Oil price gains hit a ceiling as demand concerns loom large. Read More »
As the holy month of Ramadan commences for Muslims in Niger, citizens are grappling with skyrocketing prices, making it increasingly difficult to afford essential items. The transition of power has left the country’s economy in turmoil, exacerbated by an embargo imposed by neighboring countries that lasted nearly eight months. The lifting of the embargo just …
Niger citizens struggle with soaring prices as Ramadan begins Read More »