Niger has started running its biggest solar power plant, filling in the shortage brought about by a cut in imported power supply from neighbouring Nigeria in July. Nigeria – which…
Category: Business News
UK: More than 100 climate protest arrested at world’s largest coal port
A two-day blockade of the world’s largest coal port has triggered 109 arrests. Hundreds of activists swam or used kayaks to occupy the Newcastle port’s shipping lane in Australia, to…
UK: Nissan to invest £2bn in electric car plant
Nissan and its partners have announced a £2bn plan to build three electric car models at its Sunderland factory. The Japanese firm will build electric Qashqai and Juke models at…
USA: Binance chief Changpeng Zhao pleads guilty to money laundering charges
The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. “I made mistakes, and I must take responsibility. This is best for our community, for…
Turkey: Central bank raises interest rates to 40%
Turkey’s central bank has raised its main interest rate to 40% as part of a concerted campaign to tackle soaring inflation in the country. The rise, from the previous rate…
Kenya: President announces privatisation of 35 state companies
President Ruto has announced the to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy. In a bid to boost productivity, President William Ruto said…
Mali: Government signs deal to build gold refinery in Bamako
Mali’s government has signed an agreement with Russia that includes a gold refinery project in the Malian capital Bamako. The deal involves building the refinery to process 200 tonnes of…
Nigeria: Chancellor Scholz and President Tinubu sign gas supply deal
Nigeria will supply more gas to Germany after the two countries signed a deal that will also include $500m (£399m) in renewable energy investments in the West African nation. Nigeria’s…
Kenya: President Ruto in Germany to find 200,000 jobs for Kenyans
President William Ruto has said that he is aiming to secure opportunities for Kenyans to find employment in Germany, amid a worsening unemployment crisis in his country. More than a…
Japan: Authorities condemn Yemen’s Houthi rebels hijack of cargo ship in Red Sea
Japan has strongly condemned the hijacking of Japanese-operated cargo ship Galaxy Leader in the Red Sea by Iran-backed Houthi rebels. The Yemeni militia claimed the vessel was Israeli, but a…