Suez Canal announces record $7bn profit in 2021-2022
06/07/2022The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) for the 2021-2022 fiscal year, after repeatedly raising transit fees for ships through the.
Author: Adeyiga Abisoye
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Economy
Recent Stories
Zimbabwe to introduce gold coins to tame inflation
06/07/2022Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central.
Economy
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Somalia licences first two foreign banks since 1970
06/07/2022The Central Bank of Somalia (CBS) has licenced the first two foreign lenders since 1970. Central Bank Governor Abdirahman Mohamed Abdullahi said Egypt’s Banque Misr and Turkey’s Ziraat Katli can.
Business & Economy
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Liberia, World Bank Sign US$44.6M Financing Agreement
06/07/2022Liberia’s Ministry of Finance and Development Planning (MFDP) and the World Bank have signed financing agreements for two projects totalling US $44.6 million. The first project is the Liberia Women’s.
Economy
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IMF, Ghana to Discuss Possible $3bn Loan to Support Economy
06/07/2022The IMF will send a team to Ghana this week to begin discussions about a possible $3 billion bailout loan, the fund announced Tuesday. The visit, which will run between.
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Sports
2023 Africa Cup of Nations Postponed to 2024
06/07/2022Confederation of African Football president, Patrice Motsepe, has announced the postponement of the 2023 Africa Cup of Nations finals in Ivory Coast to 2024. Motsepe confirmed the postponement in Rabat,.
Economy
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EU rolls out $1.3 billion to help Nigeria diversify its economy
06/07/2022The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil,.
Peace and Security
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Leaders of Congo and Rwanda to meet for talks in Luanda – officials
06/07/2022Democratic Republic of Congo President Felix Tshisekedi will meet his Rwandan counterpart, Paul Kagame, for talks in Angola this week, officials said Monday. There were no details on what they.
Business & Economy
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Egypt’s engineering industry exports record $1.551B within 5 months
06/07/2022Egypt’s engineering industry exports increased by about 31 per cent to register $1.551 billion in the first five months of 2022, compared to $1.185 billion during the same period last.
Governance and Policy
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Pres. Weah Sets Up Minimum Wage Board
06/07/2022In a bid to address decent work conditions for the workforce of Liberia, the Minister of Labour, Cllr. Charles H. Gibson has been appointed chairman of the Minimum Wage Board..