Business Affairss

PARIS, World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed.Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukrai...

CAIRO, The Egyptian pound further weakened against the U.S. dollar, whose exchange rate jumped yesterday from about 24.7 to about 26.49 pounds, according to data on the website of the Central Bank of Egypt (CBE).It is the largest single-day decline of ...

WASHINGTON— A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.Kristalina Georgieva said 2023 will be “tougher” than last year as the US, EU and China see their economies slow.It c...

DAR ES SALAAM, Jan 1 (NNN-DAILYNEWS) — MINISTER of State in the Vice President’s Office (Union and Environment) Dr Selemani Jafo has unveiled plan of planting 267 million trees this year (2023), urging all Tanzanians to join forces of planting trees an...

The foreign direct investment in Morocco increased by 45.7 percent to 2.3 billion US dollars in the first 11 months of 2022 compared to the same period last year, the country’s Foreign Exchange Office said.The North African country’s trade deficit incr...

ABUJA— The Nigerian Senate approved President Muhammadu Buhari’s 2022 Supplementary Appropriation Bill of N819,536,937,813.This was after the consideration and approval of the report of the Senate Committee on Appropriation, chaired by Senator Barau Ji...

Gathering reliable data from the high seas can be difficult and opaque.We caught a record breaking 214 million tonnes of aquatic animals and algae in 2020, according to the latest 2022 report by the Food and Agriculture Organization of the United Natio...

NAIROBI— President William Ruto has expressed optimism that Kenya’s economy will look up in the coming months, as his administration actualises its economic recovery agenda.Speaking during a thanksgiving and Christmas Celebrations Church Service at the...