Airlines Struggle as $950 Million in Revenues Remain Blocked in Africa
IATA raises concern over African countries withholding $950 million in airline funds, affecting global ticket sales and airline operations.
Finance
Egypt Revives IPO Market with $110M United Bank Sale
Egypt launches first IPO in 3 years, selling 30% stake in United Bank, marking progress in privatization agenda
Devialet Unveils Luxury Audio Amplifier Amidst Financial Challenges
Devialet launches luxury audio amplifier, the Astra, amidst financial struggles, marking a return to the company's roots and showcasing advanced proprietary technologies.
EACOP Oil Project Faces Financing Hurdles
Tanzania-Uganda oil project worth $5 billion faces financing challenges, prompting stakeholders to infuse more cash.
Ethiopia Raises Revenue Goal to $12.5B with New Tax Measures
Ethiopia sets ambitious revenue goal, introduces new taxes to reach target, amidst economic reforms and IMF bailout
Nigerians Spend Most on Consumer Goods Amid Economic Downturn
New report reveals Nigerians' spending habits amidst economic crisis, with 83% spending on food and groceries, and only 1% on luxury items.
Ethiopia Raises Revenue Goal to $12.5B with New Tax Measures
Ethiopia sets ambitious revenue goal, introduces new taxes to reach target, amidst economic reforms and IMF bailout
Nigerians Spend Most on Consumer Goods Amid Economic Downturn
New report reveals Nigerians' spending habits amidst economic crisis, with 83% spending on food and groceries, and only 1% on luxury items.