Apr 16, 2024
Ugandan Traders Shut Down Businesses in Protest Against New Tax System
The system, known as the Electronic Fiscal Receipting and Invoicing System (EFRIS), was introduced by the Uganda Revenue Authority in January 2021 to monitor sales and taxes in real-time....
Apr 16, 2024
Nigeria Faces Record Inflation Rate: The Highest in Nearly Three Decades
The NBS has identified food as the primary driver of this inflation spike, attributed to soaring costs of staples such as bread, grains, dairy, eggs, meat, and vegetable oil....
Apr 16, 2024
Zimbabwe Faces Currency Crisis: 75% of Zimbabweans Forced to Use the US Dollar as New ZIG Launch Stalls
The informal sector, which constitutes about 75% of employment in Zimbabwe, has ceased accepting the Zimdollar, also known as the RTGS dollar, due to fears of its depreciating value....
Apr 13, 2024
Nigerian Transgender Influencer Bobrisky Sentenced for Currency "Spraying" at Social Event
Bobrisky, who has a following of five million on social media, pleaded guilty to the charges brought against her by Nigeria’s anti-graft agency following her arrest last earlier this month....
Apr 12, 2024
Egypt Secures €1 Billion Loan from EU to Bolster her Economy
As part of the loan agreement, the European Union has stipulated that Egypt must continue to make progress towards establishing effective democratic mechanisms....
Apr 11, 2024
Burkina Faso Suspends Wheat Imports Amid Push for Local Production
The suspension of wheat imports is part of a larger economic strategy to stabilize the local economy by supporting farmers and reducing the outflow of capital for imported goods....
