Category
PricewaterhouseCoopers, one of the world’s largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030.
The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries …
Continue readingEuropean Union leaders met on Malta on Friday to endorse plans they hope can forestall a new wave of migrants sailing for Italy from Africa, but aware anarchy in Libya means any quick fix is unlikely.
British Prime Minister Theresa …
Continue readingAngolan President Jose Eduardo dos Santos confirmed on Friday he will not run in this year’s presidential election, calling an end to 38 years as head of state, but he will retain control of the powerful ruling party.
Dos Santos, …
Continue readingAngolan President Jose Eduardo dos Santos confirmed on Friday he will not run in this year’s presidential election, calling an end to 38 years as head of state, but he will retain control of the powerful ruling party.
Dos Santos, …
Continue readingFrance’s PSA Group, the maker of Peugeot, Citroen and DS cars, said on Saturday it had signed a contract to start assembling two car models in Kenya.
PSA, which wants to reduce its dependence on European sales, will assemble the …
Continue readingSudan is planing to end all subsidies on food and fuel by 2019 as it forecasts to earn $4 billion per year in remittances following the the lifting of U.S. sanctions, the Minister of State for Finance Magdi Hassan Yasin …
Continue readingIn an effort to shore up the federal government’s revenue base, Nigeria’s Federal Executive Council (FEC) has approved a new tax regime, just as it announced its intention to raise taxes on luxury goods. Also, the council constituted a task …
Continue readingThe Nigerian economy recorded its worst investment inflow in 10 years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure, when compared to the $9.64bn that the economy attracted in 2015, …
Continue readingNigeria plans to apply for a $1-billion loan from the World Bank to support this year’s budget once lawmakers approve the government’s spending proposals, Finance Minister Kemi Adeosun said.
The West African nation is also likely to “kick off” its …
Continue readingThe Nigerian Navy said on Wednesday that it seized 810,725 metric tonnes of stolen crude in 2016 alone. The service also seized 1,078,104 metric tonnes of illegally-refined diesel last year and destroyed 181 illegal refineries. It also arrested 33 vessels.…
Continue reading
