FINANCE AND INVESTMENT

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Nigerians Can’t Bear Another Electricity Hike – Labour Union

Nigerians Can’t Afford Another Electricity Hike – Labour Union

The Nigeria Labour Congress (NLC) has decried the planned electricity hike by the country’s government saying that consumers will not be able to afford it. The NLC President Ayuba Wabba, disclosed this while speaking at the public consultation on capping of estimated billing by the Nigerian Electricity Regulatory Commission (NERC) […]

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UAE Fund Signs $100 Million Contract to Boost Innovation and Entrepreneurship in Ethiopia

The Khalifa Fund for Enterprise Development (KFED), based in Abu Dhabi, has signed a partnership agreement with the Ethiopian Ministry of Finance to provide more than $100 million in funding to help promote a culture of innovation and entrepreneurship in the African country. The new agreement, which was signed by […]

1,208 total views, 1,208 views today

Libya's Oil Revenue Drops to $10.2bn in 1st Half of 2019 - CBL

Libya’s Oil Revenue Drops to $10.2bn in 1st Half of 2019 – CBL

The Central Bank of Libya (CBL) has revealed that the country’s oil revenue has dropped in the first half of 2019. Dipping from 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019 compared with the same period last year, the North African country’s oil represented […]

4,506 total views, 3,436 views today

Zimbabwe's Inflation

Zimbabwe’s Inflation Rate Rises to 3-digit in 30 months

Zimbabwe’s economy has moved from deflation to three-digit inflation in less than three years. The statistics office announced on Monday that the annual inflation reached 175.7% in June, against 97.9% in May. This is only 29 months after the rise in consumer prices in Zimbabwe after years of deflation. Inflation […]

3,441 total views, 2,292 views today