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magazine

Economy

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S. African retailer Woolworths reports a yearly income decline of more than 20%
30 May
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S. African retailer Woolworths reports a yearly income decline of more than 20%

Woolworths (WHLJ.J), a retailer in South Africa, announced that it anticipated its
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Nigeria offers free trips and revives its capital’s light rail system
30 May
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Nigeria offers free trips and revives its capital’s light rail system

After four years of suspension due to the COVID-19 epidemic, Nigeria reopened
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Libya’s Minister of Oil and Gas Returns to Work after a Two-Month Leave of Absence
29 May
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Libya’s Minister of Oil and Gas Returns to Work after a Two-Month Leave of Absence

According to a brief statement from the ministry, Libya’s oil and gas
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China is returning to Africa and increasing its mineral investments after COVID
29 May
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China is returning to Africa and increasing its mineral investments after COVID

Africa is the main focus of China’s flagship economic cooperation program, which
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AfDB wants to increase funding for infrastructure as Africa’s growth picks up speed
29 May
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AfDB wants to increase funding for infrastructure as Africa’s growth picks up speed

African Development Bank (AfDB) President Akinwumi Adesina stated on Wednesday that the
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Kenya and a US investment manager clinch a $3.6 billion highway contract
24 May
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Kenya and a US investment manager clinch a $3.6 billion highway contract

The US infrastructure investment manager Everstrong Capital and Kenya’s roads administration inked
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Kenya wants to buy power from Uganda
24 May
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Kenya wants to buy power from Uganda

Discussions are on to terminate the electricity swap deal between Kenya and
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Contracts for oil production and exploration are signed by China’s CNOOC with Mozambique
24 May
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Contracts for oil production and exploration are signed by China’s CNOOC with Mozambique

The national energy business ENH and the energy ministry of Mozambique have
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As inflation worries surpass AI fever, stocks decline
24 May
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As inflation worries surpass AI fever, stocks decline

Global markets fell on Friday, heading towards a weekly loss, as data
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Ruto secures a Sh477 billion contract for a six-lane new Usahihi Expressway
23 May
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Ruto secures a Sh477 billion contract for a six-lane new Usahihi Expressway

An agreement for Sh477 billion ($3.6) billion has been concluded between the
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