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AfricaEconomy

Nigerian president cut costs by suspending new 10 percent plastic tax

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Tinubu, who took office in May, has embarked on Nigeria’s boldest reform agenda in decades to boost sluggish growth in Africa’s largest economy Exclusive News Nigeria’s President Bola Tinubu has ordered the suspension of a newly introduced 10 percent tax on single-use plastics and excise duty on some locally manufactured products to reduce business costs in Africa’s biggest…
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AfricaBusinessEconomy

India strengthens bilateral trade with Tanzanian

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Indian External Affairs Minister Subrahmanyam Jaishankar hailed bilateral trade during a visit to the African country Exclusive News India remains the biggest destination for Tanzanian exports, External Affairs Minister Subrahmanyam Jaishankar has said. New Delhi’s top diplomat is concluding a four-day visit to the African country dedicated to issues of economic cooperation, according…
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AfricaEconomyTechnology

First international energy expo to be hosted in Uganda

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Africa has recognized that it needs to find solutions to its own problems, an official from the country told RT Exclusive News Uganda will hold an international power and electricity fair next week, with more than 100 exhibitors from several countries expected at the trade show, the Energy Ministry has announced, according to Rt News. The Power and Elec Uganda 2023 exhibition, which…
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AfricaBusinessEconomy

Nigeria is world’s most crypto-savvy

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Many are surprised at the result due to Nigeria’s status as a Third World nation, digital currency analysts told RT Exclusive News Nigeria is leading the pack in terms of cryptocurrency awareness, a recent survey conducted by the private blockchain software company ConsenSys and YouGov has found. The study, which polled more than 15,158 people in 15 countries, showed that 92% of the…
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AfricaBusinessEconomy

Nigeria digs deep on latest Shell oil spill

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Pipeline leak reportedly lasted for several days and contaminated a river in oil-producing Niger Delta Exclusive News Nigerian authorities have reported a new oil spill at a Shell facility in the Niger Delta, which they say has contaminated farmland and a river, disrupting livelihoods in fishing and farming communities, according to RT News. The spill came from the Trans-Niger…
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BusinessEconomyWorld

Saudi Arabia set to stop supplying oil to USA

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The kingdom’s steepest drop in production since 2011 would tighten Western markets, the news agency has predicted Exclusive News Saudi Arabia could slash oil exports to the US in July, which would result in the tightening of Western markets, Bloomberg reported on Monday, as per RT News.    The kingdom is set to unilaterally reduce its crude production next month by 1 million…
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AfricaBusinessEconomy

Kenyan Professor claims that tea-plucking machines will create more jobs in Kenya

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Local workers have staged protests fearing that the machinery will leave them without work Exclusive News А new wave of tea pickers’ protests has gripped Kenya. Workers have been destroying tea-plucking machines out of concern that the equipment is being brought in to replace them, according to RT News.  Speaking to RT on Tuesday, Anthony Osambo, professor of economics at Jomo…
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