Tag: Business News

Business Africa

Nigeria’s Central Bank Delivers Modest Rate Cut to Restart Easing Cycle

The Central Bank of Nigeria has reduced its benchmark Monetary Policy Rate (MPR) by 50 basis points to 26.5 percent, marking a cautious return...

Business Africa

Turkey Intensifies Africa Engagement With Push Into Oil and Spaceports

Turkey is expanding its strategic and economic footprint across Africa, focusing on energy exploration and aerospace initiatives, according to reporting by Bloomberg. Central to Turkey’s...

Business Africa

Nigeria Opens Negotiations for $5.7 Billion Chinese Investment in Power and Mining

Nigeria has commenced discussions with Chinese investors to secure up to $5.7 billion in strategic funding aimed at developing the country’s power generation, mining,...

Business Africa

Burkina Faso’s 25% Equity Push at Mega Gold Project Proceeds Without Disruption

The government of Burkina Faso is engaged in constructive discussions to increase its stake in the Kiaka gold project to 25 percent, a move...

Business Africa

U.S. Expands Footprint in Africa With New Energy and Minerals Financing

The United States is deepening its economic engagement across Africa through new financing initiatives focused on energy infrastructure and critical minerals, according to reporting...

Business Africa

Africa’s Largest Aviation Hub Limits Foreign Access, Strengthens Local Airlines for Global Competition

Ethiopia, home to one of Africa’s most prominent aviation hubs, has decided against fully liberalizing its air transport market to foreign private airlines for...

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