Economic News

Investing in Africa is a sustainable business strategy as companies earn bountiful profits. Despite the rising inflation and insecurity, businesses are fast growing in Africa. Beyond rich resources, the continent...

Seplat Energy Plc has received ministerial approval to acquire Exxon Mobil's Nigerian oil assets for $1.28 billion. Exxon Mobil is finally selling its Nigerian unit to Seplat Energy for $1.28...

A recent report by the Organisation for Economic Co-operation and Development (OECD) has shown that global pension fund assets grew by over 10% to $38.5 trillion in 2021. The report...

Opportunities abound in the lucrative African market, and businesses can succeed with scaling. Scaling basically means setting the stage for business growth. Although scaling requires funding and planning, it can...

Startup puts Africa’s first cultivated meat on the menu. South African biotech firm Mzansi Meat is kickstarting Africa’s food revolution in a bid to fill the protein gap and provide...

Africa’s richest man Aliko Dangote says his refinery project will boost Nigeria’s export earnings, foreign reserves. According to Ripples Nigeria, the Nigerian billionaire businessman stated this during the 2022 Zenith Bank International Trade...

The war in Ukraine has exerted an upward pressure on already elevated global food prices, with major effects on acute food insecurity. Furthermore, economic concerns are additionally driving food insecurity,...

When the environmental imperative to abandon fossil fuels is so strong, what are the arguments for developing them and who will really profit from it? The African Economic Outlook 2022 (AEO), released...

Nearly everyone in the world is worried about inflation as the concern about the economic situation of things has risen for 11 straight months, according to a recent survey. Key...

For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant finds Gen Z entrepreneurs...