Home Economy

Economy

Lithium Prices Surge after Zimbabwe Export Ban

Lithium Prices Surge after Zimbabwe Export Ban

What You Need to Know Lithium prices have surged following Zimbabwe's immediate ban on the export of lithium concentrates, a key component for electric vehicle...
Zimbabwe Halts Raw Mineral Exports

Zimbabwe Halts Raw Mineral Exports

What You Need to Know Zimbabwe's Ministry of Mines has announced an immediate halt to all raw mineral exports, including lithium concentrates, citing national interest....
Cocoa Purchases Resume in Ivory Coast after Premium Cancellation

Cocoa Purchases Resume in Ivory Coast after Premium Cancellation

What You Need to Know Cocoa traders have resumed purchases from Ivory Coast, the world's largest producer, after the country agreed to sell at global...
Uganda Plans to Link New Railway to Tanzania for Mineral Exports

Uganda Plans to Link New Railway to Tanzania for Mineral Exports

What You Need to Know A Ugandan government document reveals plans to connect a new railway under construction to another in Tanzania, potentially boosting mineral...
Nigeria to Start Exporting New Crude Oil in March 2024

Nigeria to Start Exporting New Crude Oil in March 2024

What You Need to Know Nigeria's National Petroleum Corporation (NNPC) plans to start exporting a new light crude oil called "Cawthorn" in March. This initiative...
South Africa Seeks New Markets

South Africa Seeks New Markets

What You Need to Know Following a US Supreme Court ruling on tariffs, South Africa faces economic uncertainty, particularly in the automotive and agricultural sectors....
Funding Crisis Freezes ECCAS

Funding Crisis Freezes ECCAS

What You Need to Know The Central African Economic and Monetary Community is facing a severe funding crisis due to significant financial arrears from member...
Congo Starts Salary Audit

Congo Starts Salary Audit

What You Need to Know The President of the Democratic Republic of Congo, Félix Tshisekedi, has initiated a comprehensive audit of state employee salaries following...
Somalia and Saudi Arabia Sign Maritime Cooperation Agreement

Somalia and Saudi Arabia Sign Maritime Cooperation Agreement

What You Need to Know The Somali government has signed a cooperation agreement with Saudi Arabia to enhance partnership in ports and maritime transport. This...
Nigeria Shifts all Oil and Gas Revenues to the Federation Account

Nigeria Shifts all Oil and Gas Revenues to the Federation Account

What You Need to Know The Nigerian presidency announced that President Bola Tinubu has signed an order to transfer all oil and gas revenues directly...