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EconomyWorld

Sudan discusses ditching dollar in trade with Russia-RT News

Khartoum is eager to expand trade ties with Moscow, the Sudanese ambassador to Russia has said Exclusive News Sudan and Russia are mulling ways to switch to national currencies in mutual settlements, Sudanese ambassador to Russia, Hassan Mohammed Elghazali Eltijani Sirraj, has told RIA Novosti news agency. According to the diplomat, the countries’ central banks are currently…
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AfricaBusinessEconomy

Africa’s richest businessmen revealed

Top billionaires have reportedly seen their fortunes grow this year Exclusive News The collective net worth of Africa’s richest people has jumped to $87.3 billion after their wealth plunged to $81.5 billion last year due to a slump in global equity values, according to Bloomberg’s Billionaires Index. Aliko Dangote, the founder and chairman of the continent’s largest cement…
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AfricaBusinessEconomyTechnology

Major oil discovery made in Southern Africa-RT News

It marks the third such find by a Shell-led consortium in same basin off the coast of Namibia Exclusive News UK-based energy major Shell has announced the discovery of light oil in a deepwater exploration well off the coast of Namibia. It’s the third oil discovery in the African country since February 2022. The company, which is exploring Namibia’s Orange Basin in cooperation with…
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AfricaBusinessEconomy

Ramaphosa Gets Second Bloody Phala Phala Nose in Two Weeks-Daily Maverick

SARS tells the DA that it cannot find a declared record of $4-million game cash. Will the President stay if an impeachment committee is set up? Exclusive News President Cyril Ramaphosa’s cash declaration scandal about a dodgy $4-million game purchase got messier on Monday. The DA said that SARS had responded that it could not find a record of Sudanese businessman Hazim…
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AfricaEconomy

South African unemployment rate drops to two-year low-RT News

The figure has decreased for four consecutive quarters Exclusive News The official unemployment rate in South Africa dropped for the fourth consecutive quarter in October-December, according to a national statistics report on Tuesday. Data showed the jobless rate slid to 32.7% in the final three months of 2022 from 32.9% in the July-September period. The figure is the lowest…
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AfricaEconomyPoliticsTechnology

Sudan boosting energy ties with Moscow – official-RT News

The Northeast African country is looking to become a regional oil supplier, its energy minister has said Exclusive News Sudan is keen to expand cooperation with Russia in oil production and is in talks with the country’s major energy companies as it seeks to cut reliance on crude imports, Acting Sudanese Energy and Oil Minister Mohamed Abdallah told RIA Novosti. The official…
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AfricaBusinessEconomyTechnology

South Africa suffers record power cuts-RT News

Eskom, the country’s largest producer of electricity, has reduced production to an unprecedented level Exclusive News South Africa’s state-owned electricity provider, Eskom, was forced to further slash power output on Tuesday, spokesman Sikonathi Mantshantsha said in a tweet. According to Mantshantsha, the company cut 7,045 megawatts from the grid, in a move known as load…
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