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Business

U.S-Tariffs-Lesotho-Economy

August 3, 2025 0

Lesotho Receives Tariff Relief from the US, but its Economic Struggles Continue

U.S. tariffs, lowered from 50% to 10%, have devastated Lesotho’s Tzicc clothing factory, halting operations, risking 12,000 jobs, and leading to a state of disaster declaration as the nation grapples with economic turmoil.

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Nigeria-GDP-Growth-2025

July 26, 2025 0

Nigeria’s Economy Grew by 3.13% in Q1 2025 Following a GDP Rebasing

Nigeria’s economy grew by 3.13% in Q1 2025, driven by a 4.33% rise in the Services sector, with updated GDP figures reflecting a 372.8 trillion naira economy, though below the 4.9% forecast, per the National Bureau of Statistics.

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Zambia-Ndola-Refinery-2025

July 25, 2025 0

Zambia Signed a $1.1 Billion Agreement to Construct a Major Oil Refinery in the Copperbelt

Zambia signed a $1.1 billion deal on July 21, 2025, to construct a 60,000 bpd crude oil refinery in Ndola, aiming to reduce fuel imports, enhance energy security, and create jobs.

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ATAF-Master-Class-2025

July 24, 2025 0

African Tax Administration Forum (ATAF) Host a Master Class for Commissioner Generals (CGs) in Rabat, Morocco, from July 22 to 24, 2025

The ATAF Master Class in Rabat, Morocco (July 22-24, 2025) brought together African Commissioner Generals to discuss leadership and revenue collection, with Gambia’s Yankuba Darboe emphasizing political support and stakeholder management, ahead of the 2026 event in The Gambia.

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DRC-lithium-mining

July 21, 2025 0

DRC Signed a Significant Mining Agreement with KoBold Metals, Backed by the U.S

The DRC partnered with KoBold Metals, supported by Jeff Bezos and Bill Gates, to invest over $1 billion in exploring the Manono lithium deposit, aiming to boost the economy while sparking concerns over foreign exploitation of local resources.

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