Newscast - Africa

Newscast - Africa

We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

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Jack Ma To Give Up Control Of Fintech Giant Ant Group 

Jack Ma To Give Up Control Of Fintech Giant Ant Group 

The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown. Ant Group says that after the change no-one would have overall control. ...

9 Tammi 202355s

Liberia President Suspends Import Tariff On Rice 

Liberia President Suspends Import Tariff On Rice 

The President of the Republic, H.E. Dr. George Manneh Weah, has issued two Executive Orders affecting critical national issues germane to the security and wellbeing of citizens. The President issued E...

9 Tammi 20231min

Zambia Halts Electricity Exports 

Zambia Halts Electricity Exports 

The Zambian government announced that it has halted electricity exports to some neighboring countries due to reduced power generation capacity the southern African country was facing. Minister of Ener...

9 Tammi 20231min

Nigerian Government Pays N4.12tn Interest On CBN Loan 

Nigerian Government Pays N4.12tn Interest On CBN Loan 

The Federal Government paid interests of N4.12tn between 2019 and 2022 on the loans it got from the Central Bank of Nigeria through Ways and Means Advances. Data from the Medium-Term Expenditure Frame...

9 Tammi 202359s

Nigeria’s Tax Experts Oppose ASUU’s 10% Education Tax 

Nigeria’s Tax Experts Oppose ASUU’s 10% Education Tax 

Nigeria’s Tax experts have faulted the Academic Staff Union of Universities’ proposed increase in the Tertiary Education Tax from three per cent to 10 per cent tax. They said toeing this path would h...

9 Tammi 20231min

Nigerian President Urged To Reverse Unlawful Electricity Tariff Hike 

Nigerian President Urged To Reverse Unlawful Electricity Tariff Hike 

President Muhammadu Buhari has been urged to immediately reverse what has been described as the unlawful, unjust and unreasonable increase in electricity tariff, which reportedly occurred in December ...

9 Tammi 20231min

China May Ease Three Red Lines Property Rules 

China May Ease Three Red Lines Property Rules 

Bloomberg News has reported that China is planning to relax restrictions on borrowing for property developers to support the troubled sector by dialing back the three red lines policy. The “three red ...

6 Tammi 202358s

US Court Strikes Down South Carolina Abortion Ban 

US Court Strikes Down South Carolina Abortion Ban 

A court in the southeastern United States has struck down South Carolina’s so-called fetal heartbeat law, which bans abortions as early as six weeks into pregnancy. The South Carolina Supreme Court is...

6 Tammi 202353s

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