Tuesday, July 1, 2025
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Nigeria yet to decide how much to borrow from World Bank

Nigeria has not decided yet how much it wants to borrow from the World Bank, its budget minister said on Wednesday, to help pay...

South Africa’s ANC attacks banks over forex rigging charges

South Africa's ruling ANC party called on Thursday for the toughest possible sanctions against more than a dozen local and foreign banks accused of...

IMF to extend Ghana’s three year bailout program

The International Monetary Fund is expected to extend Ghana’s three year program with the Fund after some targets under the bailout deal were missed...

Cocoa farmers in Ivory Coast on strike

Cocoa farmers in Ivory Coast on Wednesday embarked on strike over the refusal of Cocoa buyers to buy their harvests this year. The farmers in...

Angola now becomes Africa’s top oil producer

Angola has taken over from Nigeria as Africa’s top oil producer, according to a report by the Organization of Petroleum-Exporting Countries (OPEC). OPEC’s Monthly Oil...

Toshiba chairman quits over $3.4bn loss

Toshiba chairman Shigenori Shiga has resigned, hours after the Japanese conglomerate revealed details of a multi-billion dollar loss. Earlier Toshiba had delayed issuing its results,...

IBM to train 25 million Africans for free to build workforce

International Business Machines Corp. is ramping up its digital-skills training program to accommodate as many as 25 million Africans in the next five years,...

Nigeria recovers $177 million stolen state funds

Nigeria has recovered some $151 million and eight billion naira ($26.32 million) in stolen state funds in less than two months as part of...

Egyptians abandon imports to buy local products

Egypt"s Minister of Trade and Industry Tarek Kabil. Photo Credit: Reuters   Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep...

Gambling in Kenya gets out of hand

No industry has captured the imagination of the Kenyan economy in the past three years like betting. Concerned about its runaway growth, the government...

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