Economy

By Emmanuel Obisue  On Saturday, Tanzania launched its first electric train with 1,400 passengers onboard from the coastal city of Dar es Salaam to Morogoro in the west on its maiden journey, covering a 300-kilometer (186-mile)...

Kenyan President William Ruto has appealed to the G7 to support efforts to revamp global lending system to offer soft repayment plan for debt-burdened developing countries, especially African nations. "Far too many countries are forced to...

By John Ikani Nigeria's battle with inflation shows no signs of slowing down. According to the National Bureau of Statistics (NBS), the country's headline inflation rate climbed yet again in May 2024, reaching a staggering 33.95%....

By Enyichukwu Enemanna As part of the government's broader plan to liberalise the economy, Ethiopia's cabinet on Friday passed a bill allowing foreign banks to set up local subsidiaries and branches as well as allowing foreigners...

By Emmanuel Nduka A joint arrangement by Saudi Arabia’s sovereign wealth fund and a French private equity group will acquire a 38-percent stake in Heathrow, the London airport’s biggest shareholder announced on Friday. Heritage Times HT...

By Emmanuel Nduka The World Bank has said that the tightening of the monetary policy by the Central Bank of Nigeria (CBN), will not address inflation in the country. Heritage Times HT reports that the Bank...