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Economy & Business
Zimbabwe Launches New Banknotes in Bid to Restore Confidence in Local Currency
HARARE — Zimbabwe has introduced a new series of banknotes as part of a broader effort to rebuild public trust in its local currency, marking another step in the country’s ongoing monetary reforms.
The newly launched BiG5 banknote series,…
Dangote Refinery Boosts Exports to Ease Africa’s Fuel Supply Crunch
LAGOS, Nigeria — Africa’s largest refinery, the Dangote Refinery, is ramping up exports of refined fuel and fertiliser across the continent, positioning itself as a critical stabilising force amid ongoing global energy disruptions.
Owned…
Public Investment Fund Program 2021–2025 and the Saudi Blueprint Africa Should Study
Saudi Arabia’s Public Investment Fund Program 2021–2025 is not just an investment document. It is a state-backed blueprint for how capital can be used to build sectors, create jobs, localize technology, strengthen strategic partnerships,…
Nigeria Plans $5 Billion Financing Deal with UAE Lender Amid Rising Borrowing Costs
Abuja — Nigeria is planning to raise up to $5 billion through a structured financing arrangement with Abu Dhabi-based First Abu Dhabi Bank, as global market volatility and rising borrowing costs push governments…
South Africa’s president appoints Makhubu as new head of tax agency
Johannesburg — South African President Cyril Ramaphosa has appointed Ngobani Johnstone Makhubu as the new commissioner of the South African Revenue Service (SARS), marking a key leadership transition at the country’s tax authority.
Makhubu…
Egypt Turns to Libya for Oil as Gulf Supply Disruptions Intensify
Egypt is moving to secure alternative crude supplies from Libya as disruptions in the Gulf threaten its energy imports, highlighting shifting dynamics in regional oil flows amid escalating geopolitical tensions.
According to officials…
Morocco Moves Toward Africa’s Gold Powerhouses After Major High-Grade Discovery
Morocco is positioning itself as a rising force in Africa’s mining sector following the discovery of high-grade gold deposits that could significantly reshape its role in the continent’s resource economy.
The discovery, located in the…
Libya Expands Digital Payments as Central Bank Allows E-Wallets for Foreign Residents
Libya is taking a significant step toward modernizing its financial system after the Central Bank of Libya introduced new regulations allowing foreigners legally residing in the country to access electronic wallet services.
The move is…
Saudi Arabia and Egypt Sign Visa Exemption Agreement for Diplomatic Passport Holders
Saudi Arabia and Egypt have signed a new agreement granting mutual visa exemptions for holders of diplomatic, special, and service passports, marking another step in strengthening ties between two of the Middle East and North Africa’s most…
Hospitality Hackathon 2026 to Build Africa’s Next Generation of AI-Powered Tourism Solutions
Addis Ababa — Ethiopia’s technology and hospitality sectors are set to converge in one of the region’s most ambitious innovation initiatives with the launch of Hospitality Hackathon 2026, a national program designed to develop artificial…