1. Home
  2. businesses in Africa

Tag: businesses in Africa

Business
Local investors’ participation in equities market hits N3.73 trillion

Local investors’ participation in equities market hits N3.73 trillion

Foreign investors’ participation in the first ten months of 2024 closed at N744 billion, far lower than N3.73 trillion transactions recorded by domestic investors within the same period. The October 2024 edition of the Nigerian

Business
Dangote Refinery Reduces Petrol To N997/litre For Marketers

Dangote Refinery Reduces Petrol To N997/litre For Marketers

Pump Price of Premium Motor Spirit (PMS), also called petrol, is set to reduce soon as Dangote Refinery has announced a reduction of price sold to marketers. The refinery said it has adjusted its price

Business
Nigeria, Brazil Sign MoU to Boost Agric-business in 774 LGAs by 2029

Nigeria, Brazil Sign MoU to Boost Agric-business in 774 LGAs by 2029

The federal government, through the Ministry of Agriculture and Food Security (FMAFS) and Fundação Getulio Vargas (FGV) of Brazil, has signed a Memorandum of Understanding (MOU) to advance private sector development in fertiliser production, hybrid

Business
Morocco to Import Record 7.5 Million Tons of Wheat

Morocco to Import Record 7.5 Million Tons of Wheat

As drought continues to dash domestic production of wheat, Morocco is expected to import 7.5 million tons of wheat for the 2024-2025 season, a 20% increase over the previous year, according to Grain Brokers Australia‘s weekly

Business
9,000 Niger Delta Youths Train As Entrepreneurs In Shell LiveWIRE Programme

9,000 Niger Delta Youths Train As Entrepreneurs In Shell LiveWIRE Programme

No fewer than 9,000 youths in the Niger Delta have acquired entrepreneurial skills in the LiveWIRE program of the Shell Petroleum Development Company of Nigeria Limited (SPDC) since it was introduced in 2003 as part

Business
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The Nigerian power sector is grappling with poor investments, inadequate gas supply, and outdated infrastructure, all of which contribute to the frequent blackouts experienced across the country.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