Business Archives - Page 2 of 5

South Africa’s Budget Proposal Faces Divisions Over VAT Increase

South Africa's finance minister, Enoch Godongwana, presented the highly anticipated 2025/26 national budget on Wednesday, weeks after its original due date. The budget includes key proposals aimed at boosting the…

Africa News Now March 13, 2025

ANN Eastern Africa

Burundi Faces Economic Strain as Conflict in Eastern DRC Disrupts Trade and Transportation

Income-generating projects in Burundi have seen a sharp decline following the escalation of conflict in eastern Democratic Republic of Congo (DRC) in February 2025. The ongoing violence has severely disrupted…

Africa News Now March 11, 2025

ANN West Africa

President Mahama Vows to Strengthen Ghana-Mali Trade Relations, Address Transportation Challenges

President John Dramani Mahama has reiterated his administration’s strong commitment to enhancing regional trade between Ghana and Mali by tackling the challenges impeding the smooth transportation of goods. This move…

Africa News Now March 9, 2025

ANN Central Africa Eastern Africa

African Leaders Approve New Financial Stability Mechanism to Aid Debt-Stricken Governments

Faced with escalating debt and billions of dollars in unmet funding requirements, African leaders have given the green light to the creation of a new financial facility designed to provide…

Africa News Now February 19, 2025

ANN West Africa

Ivory Coast Establishes Financial Surveillance Group to Combat Money Laundering and Terrorism Financing

The Ivorian government has announced the creation of a new initiative called the Financial Surveillance Group (GSF), aimed at enhancing efforts to combat money laundering, terrorism financing, and the proliferation…

Africa News Now February 15, 2025

ANN Southern Africa

Zimbabwe’s Inflation Rises in January as New Taxes and Drought Pressure Prices

Zimbabwe's inflation surged in January, with the cost of goods and services rising by 14.6% in U.S. dollar terms and 10.5% in local currency terms, compared to the same period…

Africa News Now January 28, 2025

African Diaspora ANN Northern Africa

Saudi, Iraqi, and Libyan Energy Ministers Discuss Global Oil Market Stability Ahead of OPEC+ Meeting

Saudi Energy Minister Prince Abdulaziz bin Salman met with Iraqi Oil Minister Hayan Abdel-Ghani and Libyan Oil Minister Khalifa Abdulsadek in Riyadh on Monday to discuss ongoing efforts to support…

Africa News Now January 28, 2025

ANN Central Africa Eastern Africa

African Union Leaders Meet in Kenya to Discuss Financial Independence and Efficiency

Leaders from African Union (AU) member states gathered in Nairobi, Kenya, to discuss strategies for enhancing financial independence and operational efficiency across the continent. The high-level meeting, held at State…

Africa News Now January 27, 2025

ANN West Africa

Air Sierra Leone Resumes Operations After 15 Years with Xejet Partnership

Air Sierra Leone has officially resumed operations after more than 15 years of inactivity, marking its highly anticipated return to the skies with a technical partnership with Xejet, a Nigerian…

Africa News Now January 25, 2025

ANN West Africa

Nigeria Prosecutes Over 100 Individuals for Terror Financing, Strengthening National Security Efforts

Nigeria’s President Bola Tinubu has revealed that the country has successfully prosecuted more than 100 individuals involved in terror financing over the past two years. The announcement was made by…

Africa News Now January 23, 2025

ANN Northern Africa West Africa

Moroccan Truck Drivers Freed After Kidnapping in Burkina Faso

Four Moroccan truck drivers, who were abducted by an armed group in Burkina Faso, have been released after several tense days in the volatile Sahel region. The drivers were initially…

Africa News Now January 21, 2025