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Nigeria’s power sector sinks amid poor investment

Nigeria’s power sector sinks amid poor investment

The Nigerian power sector is grappling with poor investments, inadequate gas supply, and outdated infrastructure, all of which contribute to the frequent blackouts experienced across the country. The national grid has collapsed 11 times in

Business
Morocco Moves Ahead with Comprehensive Tax Reforms in 2025 Finance Bill

Morocco Moves Ahead with Comprehensive Tax Reforms in 2025 Finance Bill

Fouzi Lekjaa, Morocco’s Delegate Minister for Budget, presented an ambitious array of reforms to the 2025 Finance Bill (PLF No. 60.24) during yesterday’s session at the House of Councillors. The proposed amendments target income tax

Business
Kenya Champions Digital Transformation with Local Smartphone Manufacturing

Kenya Champions Digital Transformation with Local Smartphone Manufacturing

The Principal Secretary for ICT and Digital Economy, Eng. John Tanui, has emphasized the government’s commitment to digital transformation through the manufacturing of smart phone devices. Eng. Tanui, while delivering his keynote address during the

Business
Nigeria’s GDP Grows by 3.46% in Q3 2024, Driven by Strong Performance in Services Sector

Nigeria’s GDP Grows by 3.46% in Q3 2024, Driven by Strong Performance in Services Sector

Nigeria’s Gross Domestic Product (GDP) growth rate in real terms surged by 3.46% in the third quarter (Q3) of 2024, compared to the same period in 2023. This marks a notable 0.92 percentage point increase

Business
Nigeria Targets 80,000 bpd Utapate Crude Expansion

Nigeria Targets 80,000 bpd Utapate Crude Expansion

Nigeria’s national oil company, Nigeria National Petroleum Co. Ltd. (NNPC), has intensified efforts to scale up production of the newly introduced Utapate crude oil blend. The company, in partnership with Sterling Oil Exploration & Energy

Business
Africa’s Smartphone Market Grows 3% in Q3 2024 Amid Economic Challenges

Africa’s Smartphone Market Grows 3% in Q3 2024 Amid Economic Challenges

Canalys’ latest research reveals that Africa’s smartphone market grew by 3% year on year in Q3 2024, reaching 18.4 million units, reflecting resilience amid a complex economic landscape. While stabilizing currencies and easing price pressures

Business
5G Era Begins in Congo as MTN Advances African Digital Transformation

5G Era Begins in Congo as MTN Advances African Digital Transformation

MTN Congo has officially launched 5G, making the Republic of Congo the fifth African country in MTN Group’s rollout of ultra-fast broadband technology. The milestone was celebrated at a ceremony presided over by President Denis

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Nigeria’s Unemployment Rate Drops to 4.3% in Q2 2024

Nigeria’s Unemployment Rate Drops to 4.3% in Q2 2024

Nigeria’s unemployment rate declined to 4.3 percent in the second quarter of 2024, signalling improved labour market conditions. According to the latest report released on Monday by the National Bureau of Statistics, this marked a

Business
Central Bank of Egypt to Launch Card Tokenisation in 2025 for Enhanced Payment Security

Central Bank of Egypt to Launch Card Tokenisation in 2025 for Enhanced Payment Security

Multiple reports have confirmed that the Central Bank of Egypt (CBE) is set to launch card tokenisation in 2025. Reportedly the tokenisation could replace traditional card details with unique digital identifiers, effectively reducing the risk

Technology
Nigeria’s civil service advances digital transformation with launch of Govmail, AI tools, and online portal

Nigeria’s civil service advances digital transformation with launch of Govmail, AI tools, and online portal

In a significant milestone for Nigeria’s public service, the Head of Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, celebrated her first 100 days in office by launching three major digital platforms for the