Costly cocoa: consumers pay up as Lindt hikes chocolate prices
Despite the costly cocoa and subsequent hike in Lindt chocolate, consumers still pay up, as the Swiss firm reported a 7% jump in half-year organic sales Tuesday.…
‘Unfair competition’: EU announces tariffs on Chinese electric cars
The EU has long talked about unfair competition from China. After a nine-month probe, Brussels announced additional tariffs on Chinese electric vehicles, establishing that those cars have benefited heavily from “unfair subsidies”,…
EU targets Chinese e-vehicles with higher tariffs
The European Commission has threatened to drastically increase import tariffs on Chinese electric cars. Chinese carmakers could face duties as high as 38 percent - up from the current 10 percent.…
Multinationals’ exits: Options for local industries in Nigeria
The Nigerian government and manufacturers are looking to develop an actionable roadmap and policy framework to re-invigorate the country’s manufacturing sector. With the recent exit of some multinational companies from Nigeria, what…
Can Nigeria sustain foreign investment flows?
Nigeria received 3.38 billion dollars in foreign investments in the first quarter of this year recording a 210 quarter-on-quarter increase. That’s according to data from the National Bureau of Statistics Q1 2024…
Malaysia’s palm oil industry struggles to comply with EU regulations
A new EU regulation aims to ban the import of several products, including palm oil, that come from plantations linked to deforestation. While the bloc hails the law as an important way…
Business, government count cost of Kenya’s protests
Anti-government protests in Kenya have left some shops, like one belonging to Francis Ochieng, in ruins. But what also lies in tatters is Kenya's plan to tackle its heavy debt burden with…
Why Nigeria’s largest refinery is importing US crude oil
The Dangote Petroleum Refinery — the largest in Africa — was supposed to stop Nigeria’s reliance on imported crude oil products. But inadequate domestic supply means it has to plug gaps by…
Okonjo-Iweala speaks on Africa’s trade and development roadmap
In an interview with FRANCE 24 in Geneva, the head of the World Trade Organization, Ngozi Okonjo-Iweala, speaks to Georja Calvin-Smith about her take on the vital components of Africa's trade and…
Tackling food inflation in Nigeria
As rising food prices continue to affect the disposable income of average Nigerians. Tackling food inflation in Nigeria has been a problem. CEO and Board Chair of IDH, Dean Wensing says it…
How Nigeria can reduce debt-servicing cost
Moody’s says Nigeria’s interest spending on debt may go as high as 36 per cent of government revenues this year, as the global ratings agency maintained Nigeria’s credit outlook at positive. Meanwhile,…