Tag: USAfricaonline.com
South Africa scraps VAT hike amid coalition tensions and investor concerns
JOHANNESBURG, April 24 (Reuters) — South Africa has dropped plans to raise its value-added tax (VAT) rate from…
Kenya busts rare ant-smuggling ring in landmark wildlife trafficking case
NAIROBI, April 23, 2025, (Reuters) — In an unusual twist to Kenya’s wildlife trafficking battle, police who raided…
Air Peace grounds flights as NiMet strike halts weather services
Nigeria’s largest carrier, Air Peace, suspended all flight operations on Wednesday, April 23, 2025, following an indefinite strike…
Nigeria eyes rejoining JP Morgan bond index amid FX reforms
Nigeria is in advanced talks with JP Morgan to regain entry into its Government Bond Index, a development…
Congo and M23 rebels commit to peace talks in Qatar
(Reuters) — The Democratic Republic of Congo and Rwanda-backed M23 rebels pledged on Wednesday, April 23, 2025, to…
Nigeria records $15.2 billion net forex inflow in Q1 2025 as market reforms boost confidence
Nigeria recorded a net foreign exchange (FX) inflow of $15.20 billion in the first quarter (Q1) of 2025,…
EU hits Apple and Meta with first major fines under new tech law
The European Union has issued its first major fines under the new Digital Markets Act (DMA), imposing a…
Trump softens rhetoric on China as trade talks loom
President Donald Trump has adopted a more conciliatory tone ahead of renewed trade negotiations with China, signaling a…
U.S. markets rally on easing trade tensions, earnings optimism
(Reuters) – U.S. stocks bounced back on Tuesday, April 22, 2025, driven by upbeat corporate earnings and signs…
Meta launches ‘Edits’ App to challenge TikTok, offers free AI-powered video tools
Meta has officially launched Edits, a new short-form video creation app designed to rival ByteDance’s TikTok and its…
OpenAI expresses interest in acquiring chrome
OpenAI has signaled interest in acquiring Google’s Chrome browser—if U.S. antitrust regulators compel Alphabet Inc. to sell it.…
Enugu State Government partners with Lion Business Park to launch industrial free trade hub
The Enugu State Government has signed a landmark Memorandum of Understanding (MoU) with Lion Business Park Limited to…