Saudi Arabia Hesitates on BRICS Membership Amid U.S. Negotiations
Saudi Arabia has yet to formally join the BRICS bloc despite attending a recent meeting in Brazil, as it navigates…
Category: Business
Kenya’s Budget Avoids New Taxes After Deadly Protests
Kenya’s government will not introduce new taxes or raise existing ones in its 2025–26 budget proposals, Finance Minister John Mbadi…
Gold Fields to Acquire Gold Road for $2.4 Billion Amid Surge in Gold Prices
South Africa’s Gold Fields Ltd. announced Monday it will acquire Australia’s Gold Road Resources Ltd. in a deal valued at…
OPEC+ to Raise Oil Output in June Amid Market Concerns
OPEC+ agreed on Saturday to accelerate oil production increases for a second consecutive month, announcing a 411,000 barrels-per-day hike for…
Mining in Motion Summit: Ghana to Showcase Responsible Gold Leadership
Ghana is set to take center stage in responsible gold production as the Ashanti Green Initiative (AGI) pushes for the…
Air Algeria Launches Flights to Nigeria, Expands African Network
Air Algeria has launched direct flights to Nigeria’s capital, Abuja, marking a significant step in strengthening air connectivity between North…
Cape Town Restaurant FYN Earns Top Sustainability Rating as Chefs Tackle Food Waste in South Africa
As South Africa grapples with 10.3 million tons of food waste annually, chefs and restaurants like FYN in Cape Town…
Tinubu Moves to Restructure Nigeria’s Troubled Oil Sector
Nigerian President Bola Tinubu is taking steps to overhaul the country’s struggling oil industry as national production declines and global…
China Vows to ‘Fight to the End’ as U.S. Tariff Dispute Escalates
China on Tuesday condemned the United States’ escalating trade actions, vowing to “fight to the end” against what it called…
Canada Vows Retaliation if U.S. Imposes Auto Tariffs
Canada will take retaliatory trade measures if U.S. President Donald Trump follows through on his plan to impose 25% tariffs…
Egyptian Entrepreneur Merges Luxury Cars and Watercraft
An Egyptian entrepreneur has created high-performance watercraft designed to resemble luxury sports cars, offering an adrenaline-fueled experience that feels like…
China, Iran, Russia Conduct Joint Naval Drills in Gulf of Oman
China, Iran, and Russia continued their joint naval exercises in the Gulf of Oman, marking the fifth year of the…
EIB Supports Africa Finance Corporation’s $750M Climate-Resilient Infrastructure Fund
The European Investment Bank (EIB) has joined the Africa Finance Corporation (AFC) in financing a $750 million Infrastructure Climate-Resilient Fund…
Libya to Open Oil Exploration Bidding for First Time in 17 Years
Libya is set to launch its first oil exploration bidding round in nearly 17 years, marking a major step for…
Suez Canal Sees Ship Traffic Rebound Amid Red Sea Disruptions
The Suez Canal is experiencing a rebound in ship traffic as 47 vessels have rerouted from the Cape of Good…
Rwanda Reintroduces VAT on Hybrid Vehicles to Promote Electric Mobility
Rwanda has reintroduced value-added tax (VAT) on hybrid vehicles in an effort to encourage the transition to pure electric mobility,…
Nigerians Protest Telecom Data Price Hikes Amid Economic Struggles
Nigerians are expressing outrage over significant increases in mobile data prices by telecom giants MTN and Airtel, saying the move…
Rwanda to Increase Taxes on Alcohol, Tobacco, and Foreign Digital Services
The Rwandan government has announced plans to increase taxes on alcohol, tobacco, and foreign digital services as part of its…
Dangote Refinery Set to Begin Full Operations Within a Month
Nigeria’s Dangote Oil Refinery, the largest in Africa, is set to begin full operations within the next 30 days, marking…
Rwanda Increases 2024/25 Budget by Rwf126 Billion in Revised Plan
The Rwandan government has proposed increasing the national budget for the 2024/25 fiscal year by Rwf126.3 billion, raising total spending…