Amazon layoffs hit 30000 office jobs amid AI investments
Amazon is set to lay off tens of thousands of office workers, as the e-commerce and tech giant seeks to […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Venezuela Suspends Energy Deal With Trinidad Over US Warship
Venezuelan President Nicolas Maduro has suspended an energy agreement with Trinidad and Tobago in response to the island nation’s decision
African Business News
Trump Visit Sparks Cautious Asian Markets Amid Trade Talks
Asian markets experienced a slight cooldown on Tuesday as investors closely watched US President Donald Trump’s visit to Japan, ahead
Australia social media ban sparks concerns over enforcement
Australia is set to enforce a landmark social media ban on users under 16, with tech giants Meta and TikTok
African Business News
Rice price drop sparks mixed reactions in Nigeria
The recent decline in rice prices in Nigeria has elicited mixed reactions from citizens and traders, with economists attributing the
African Business News
Abuja Electricity Disruption to Last Over Two Weeks
The Transmission Company of Nigeria (TCN) has announced a planned power outage in parts of Abuja, the country’s capital, due
US China agree trade deal framework ahead of Trump Xi meeting
The United States and China have reached a trade deal framework ahead of a highly anticipated meeting between President Donald
African Business News
AfCFTA boost needs African investor collaboration
The President of the Africa Chief Executive Club, Fatoumatta Gaye, has emphasized the importance of collaboration among African investors to
African Business News
Rice price drops 35 percent in Lagos markets
Rice prices have plummeted in major markets in Lagos State, Nigeria, with traders expressing concern over the sudden drop. According
Germany economy stagnates amid falling investment
Germany’s economic decline has become a pressing concern, with the country’s GDP stagnating for years due to falling private investment
Afreximbank gets new president in historic leadership handover
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has presided over the investiture of Dr. George
African Business News
Bitcoin Surges to $115K as Crypto Market Gains
The cryptocurrency market experienced a significant surge on Monday, with Bitcoin increasing by over 2% in the past 24 hours