Nigeria’s state oil company illegally paid 216 billion naira ($707.4 million) in fuel subsidies in 2017, according to a Senate probe, the findings of which were released on Thursday.
The investigation by the upper legislative house said that parliament had not approved those payments by the Nigerian National Petroleum Corporation...
Zambia’s annual inflation rate quickened to 7.4 percent in April from 7.1 percent a month earlier, official data showed on Thursday.
On a month-on-month basis, the rate slowed to 0.6 percent in April compared with 1.3 percent in March, data from the Central Statistical Office showed.
“The increase in the annual...
On the occasion of the 7th anniversary of creating the Pacific Alliance, representatives of Chile - Ricardo Alen; Colombia - Claudia Turbay Quintero; Mexico- Maria de los Angeles Arriola Aguirre; and Peru - Patricia Yolanda Ráez Portocarrero, came together to join in celebration of this important anniversary, which highlights...
The Russian Federation's Foreign Minister Sergey Lavrov has granted an interview to the britsih broadcaster BBC HardTalk speaking exclusively on range of issues not excluding Syrian situation, about the Douma and the Skripal cases.
On the the Russian government's relations with the United States the Foreign Minister stated that, the...
Kenya expects its sugar production to jump by up to 19 percent this year, recovering from a drought-induced drop the previous year, a senior government official said on Thursday.
The East African nation has an annual sugar consumption of 870,000 tonnes but production has slumped due to a high cost...
Facebook has changed its terms of service, meaning 1.5 billion members will not be protected under tough new privacy protections coming to Europe.
The move comes as the firm faces a series of questions from lawmakers and regulators around the world over its handling of personal data.
The change revolves around...
Over the last decade, Sub-Saharan Africa (SSA) has experienced historically high economic growth rates. The region has made significant social progress too. These gains have largely been driven by favourable commodity prices, financing conditions and improvement in macroeconomic management.
However, the high growth rates have not been sustained for long...
The World Bank is projecting Sub-Saharan Africa’s economic growth to reach 3.1% in 2018 compared to 2017 decline.
Projected growth forecasts according to the World Bank, are premised on expectations that oil and metals prices will remain stable, and that governments in the region will implement reforms to address macroeconomic...
Sub-Saharan Africa’s biggest economies will benefit from a global upswing this year - as long as the U.S.-China tariff dispute does not disturb improving global trade flows, a Reuters poll found on Wednesday.
The poll taken in the past week showed economic growth forecasts for South Africa, the continent’s most...
Expo 2020 Dubai and leading global food and beverage company PepsiCo have joined forces, with a shared vision of working together toward a healthier and more sustainable future in the lead-up to, during and beyond the next World Expo in 2020.
At the signing ceremony today at the Expo 2020...