South Africas two biggest political parties, the African National Congress (ANC) and the pro-business Democratic Alliance (DA), are still struggling to reach an agreement on the national budget. The deadlock… The post South Africas two biggest parties yet to reach pact on budget appeared first on Radarr Africa.

South Africas rand made gains on Monday, strengthened by a surge in gold prices and growing optimism about a potential agreement between the countrys two largest political parties on the… The post South African rand strengthens as gold hits fresh peak appeared first on Radarr Africa.

In March, South Africa’s manufacturing sector continued to face challenges, according to the latest Purchasing Managers Index (PMI) survey. The index, which measures the performance of the manufacturing industry, showed… The post South Africas Manufacturing Sector Faces Challenges but Sees Slight Improvement appeared first on Radarr Africa.

Standard Bank Group, Africas biggest bank by assets, has raised its sustainable finance targets by 80% to R450 billion in the next three years. This move is part of the… The post Standard Bank almost doubles sustainable finance commitments to R450 billion appeared first on Radarr Africa.

Hossam Hazaa, a member of the Egyptian Tourism Federation (ETF), has stated that tourism rates in Egypt have increased by 15% to 20% in some areas. He attributed this growth… The post ETF: Tourism in Egypt Increases by 15% Due to Government Strategies appeared first on Radarr Africa.

Guaranty Trust Holding Company Plc (GTCO) has announced an impressive 107.8% growth in profit before tax, reaching N1.266 trillion for the financial year ended December 31, 2024. This marks a… The post GTCO Records 107.8% Profit Growth, Hits N1.26 Trillion in 2024 appeared first on Radarr Africa.

Egypts Prime Minister, Mostafa Madbouly, has announced that the countrys unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the… The post Egypts Unemployment Rate Falls to 6.4% in Q4 FY2024/2025 appeared first on Radarr Africa.

The exit of several multinational detergent companies from the Nigerian market has opened up a new opportunity for local manufacturers to meet the growing demand for premium detergents. The gap… The post Multinationals Exit from Nigeria Creates Opportunity for Local Detergent Manufacturers appeared first on Radarr Africa.

Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the countrys ongoing struggle to revive its textile industry while serving as a dumping… The post Kenya Becomes Africas Largest Importer of Second-Hand Clothes appeared first on Radarr Africa.

AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the banks investment in Oandos operations in Nigeria through… The post AfrexInsure Partners with Oando to Strengthen Investment Protection appeared first on Radarr Africa.

Leading trust company STL Trustees has awarded a total of N3m in grants to 30 women-led businesses through its newly launched STL FundHer initiative. According to a statement from the… The post STL Trustees Empowers Women Entrepreneurs with N3m Grants appeared first on Radarr Africa.

International Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate… The post IEI, Mutual Benefits Delay Filing of 2024 Annual Reports appeared first on Radarr Africa.

Auto-Tech company Carviva has announced the achievement of $1m in fuel token transaction value over a two-year trial period on its Fuel Wallet platform. According to a statement from the… The post Carvivas Platform Hits $1M in Transaction Value appeared first on Radarr Africa.

Residents of Eha-Amufu, a community in Isi-Uzo Local Government Area of Enugu State, have been forced to flee their homes as suspected herdsmen overran farm settlements and occupied houses, schools,… The post Herdsmen Crisis in Enugu: Eha-Amufu Residents Flee as Attacks Intensify appeared first on Radarr Africa.

In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program.… The post Nigeria Secures $500 Million World Bank Loan to Enhance Electricity Distribution appeared first on Radarr Africa.

A fire outbreak has ravaged parts of the Onitsha Main Market in Anambra State. The inferno reportedly broke out in one of the market buildings around 6:20 am on Friday,… The post Fire Destroys Shops in Onitsha Timber Market appeared first on Radarr Africa.

Nigeria’s content creation industry is facing challenges due to increasing data costs. The growing demand for online content has led to higher internet usage, but the rising expenses associated with… The post Rising Data Costs Threaten Nigerias Content Creation Growth appeared first on Radarr Africa.

A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure… The post Nigerias Interest Rate Among Top Five Globally, Says MPC Member appeared first on Radarr Africa.

The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged to between N930 and N970 per litre in Nigeria. This increase is attributed to ongoing industry disputes… The post Petrol Prices Rise to N970 per Litre Amid Industry Challenges appeared first on Radarr Africa.

Forbes latest report reveals that Africas billionaires have amassed a combined wealth of $105 billion, a significant Increase from $82.4 billion the previous year. This marks the first time their… The post Africas Billionaires Wealth Reaches $105 Billion; Dangote Leads for 14th Year appeared first on Radarr Africa.

Accion Microfinance Bank (MfB) has taken a significant step towards empowering female entrepreneurs by equipping them with essential digital skills to enhance their businesses. The bank recently hosted a one-day… The post Accion Microfinance Bank Empowers Women Entrepreneurs with Digital Skills appeared first on Radarr Africa.

The Lagos State Government has initiated the Omi Eko project, a comprehensive plan aimed at revitalizing the states waterways and attracting 410 million in investments. The project seeks to enhance… The post Lagos State Launches Omi Eko Project to Attract 410 Million Investment appeared first on Radarr Africa.

Foreign inflow to Nigerias equities market fell by 29.66 per cent in February 2025, dropping to N18.05bn from N25.66bn recorded in January.This decline in foreign inflow, alongside a drop in… The post NGX records 30% reduction in foreign inflows appeared first on Radarr Africa.

Investors at the Nigerian stock market recorded N148 billion on Friday to end the week on a bullish trend.At the end of Fridays trading, details showed that market capitalisation rose… The post Nigerian stock market investor records N148bn gain to end week appeared first on Radarr Africa.

In a move that has intensified the financial strain on many households, South Africa is set to implement a 12.7% increase in electricity tariffs effective April 1, 2025a date dubbed… The post South Africans Grapple with Escalating Electricity Tariffs Amid Economic Strain appeared first on Radarr Africa.