Business & Economy

Egypt Says Private Investment Rose by Record 73%

Egypt says private investment rose by a record 73% in the 2024/2025 fiscal year, reflecting recent policy measures and major foreign investment announcements.

Tinubu New Tax Laws Take Effect Amid Controversy, Forgery Claims

Tinubu new tax laws came into effect on January 1, 2026, amid controversy over discrepancies in gazetted versions. Public debate, institutional reviews, and government clarifications shape Nigeria’s fiscal landscape.

AfCFTA: Africa’s Free Trade Deal, Promise and Pitfalls

Three years has passed since the historic launch of the African Continental Free Trade Area (AfCFTA), yet, it stands at a critical inflection point....

Is Ghana Recovering? Mahama’s Economic Gamble

Five months into his second term, Mahama is steering Ghana through an economic recovery marked by measured reforms, cautious public optimism, and pressure to...

Exposing multi-billion Naira fuel import scam draining Nigeria dry

Nigeria's multi-billion-naira fuel importation racket is facing its biggest threat yet—and the powerful cartel that has profited from it for decades is fighting back...

Nigeria crushing poverty amidst plenty – Damning World Bank report

As the World Bank raises fresh alarms over Nigeria's deepening poverty crisis, the stark contrast between ordinary citizens' suffering and the lavish lifestyle of...

AfDB president sounds alarm on 6 decades of economic decline

LAGOS — In a stark assessment that has sent ripples through economic and political circles, African Development Bank President Dr. Akinwumi Adesina revealed a...

US says corruption, inconsistent policy, key barriers to trade with Nigeria

The 2025 National Trade Estimate Report on Foreign Trade Barriers, released by the Office of the United States Trade Representative, underscores corruption as a...

South Africa govt abandons planned VAT hike after pushback

South Africa ruling ANC on Thursday suspended a controversial plan to increase value-added tax from May 1, that threatened to fracture a fragile coalition...

Economic growth is speeding up in Africa, but uncertainty remains – World bank

Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to...

Nigeria-China sign pact to unlock $1 billion investment in sugar value chain

The National Sugar Development Council (NSDC) has signed a memorandum of understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane...

Ghana moves against foreigners trading gold in the country

Ghana Gold Board, a newly created regulatory body for gold exports from Ghana announced Monday that foreigners would no longer be allowed to buy...

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