Higher food prices triggered a surge in the inflation rate to 33.9% in Nigeria in October, up from 32.7% a month earlier, the national statistics agency said. The jump was attributed to a steep rise in the prices of staples such as maize, rice, and cooking oil, the agency said. In a bid to tame […]
Miners operating in Zimbabwe will have to pay some of their royalties in refined metal rather than cash, as the country will hold reserves of gold, diamonds, platinum and lithium, says President Emmerson Mnangagwa. Zimbabwe’s president said the new policy that compels miners to pay half of their royalties in commodities and half in cash […]
The US International Trade Administration confirmed the sale of PATRIOT Air Defense systems and G550 reconnaissance aircraft to Morocco. The US agency however did not offer details on the value or quantity of the sale, but it recalled that Morocco is the largest buyer of US arms in the African continent. It recalled that Morocco […]
