Posted in Market

Aviation fuel not selling at N700 per litre, says MOMAN

Published by Nation (Nigeria) Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims Aviation Turbine Kerosene (ATK), also known as aviation fuel, was sold…

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Posted in Business Market

Bank of Central African States Urges CAR to Annul Bitcoin as Currency

The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed in late April that made the cryptocurrency Bitcoin legal tender. The bank warned in a letter made public last week th…

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Posted in Business Market

Africa must prepare for the inevitability of a global food crisis says African Development Bank President, Akinwumi Adesina

African Development Bank Group President Dr Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.” He was speaking about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center on Friday.Fielding ques…

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Posted in Business Market

South Africa Floods Could Hurt China Trade

Some of the worst flooding in South Africa’s history has left more than 400 people dead and some 40,000 displaced, dealing a devastating blow to the eastern city of Durban, which has a seaport that has also been badly affected.With the port not fully f…

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Posted in Business Market

IMF due in Tunisia on Friday for talks: Trade union official

TUNIS, — An International Monetary Fund delegation will arrive in Tunisia on Friday for talks with the government and other groups, a top trade union official said, as fears rise over the North African country’s risk of default.After meeting representa…

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Posted in Business Market

Small Businesses in Nigeria Face Downtime Amid Fuel, Electricity Shortages

Weeks of scarce fuel coupled with a failing national electricity grid are hurting countless small businesses across Nigeria. Some businesses have temporarily shut down, while others reduced hours to cope with the energy shortage.In January, Toochukwu O…

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Posted in Market

Chinese Imports Edging Out Kenya’s Local Products

Kenyan artisans say they are losing the market for their products to Chinese imports. According to the crafts persons, the high quality and lower prices of Chinese-made goods put them at a disadvantage.Jua kali, popularly known in Kenya as artisanal wo…

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Posted in Business Market

Investing in women’s empowerment yields major peace, prosperity dividend, Security Council hears

Investing in women’s economic empowerment yields enormous dividends for peace and prosperity, the head of UN Women told the Security Council on Tuesday, stressing that countries where women are economically marginalized and shut out of the workforce ar…

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