economy

Sep
13
2024
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By Dairy News
President Faye Revolutionizes Transportation in Senegal with Africa’s First Electric Bus Rapid Transit System

President Faye Revolutionizes Transportation in Senegal with Africa’s First Electric Bus Rapid Transit System

Breaking, Economy, World News,
In a historic milestone, Senegalese President Bassirou Diomaye Diakhar Faye has launched the continent's inaugural electric bus rapid transit network in Dakar, the nation's capital. This groundbreaking project is set to transform the transportation landscape in Sub-Saharan Africa, boasting an impressive 23 stations, 3 hubs, and a daily capacity of 300,000 passengers across an 18.3 km route. The unveiling of this cutting-edge system not only elevates the quality of life for Dakar's residents but also creates over 1,000 new job opportunities, contributing to Senegal's economic growth. By embracing sustainable practices, President Faye demonstrates his commitment to modernizing Senegal's infrastructure and…
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Aug
26
2024
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By Dairy News
Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Breaking, Economy, Metro
The Nigerian Naira suffered a significant decline, losing N72.58 against the US dollar in July 2024, according to the FMDQ financial market report. The foreign exchange turnover skyrocketed to $7.39 billion, representing a 10.02% increase from the previous month. In Naira terms, the FX turnover stood at N11.48 trillion, surpassing the N10.01 trillion traded in June. The Naira's depreciation led to an exchange rate volatility increase, with the local currency trading between N1,500.32 and N1,621.12 per dollar, compared to the previous month's range of N1,473.66 to N1,510.10 per dollar. Despite the Central Bank of Nigeria's efforts, the Naira's value against…
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Aug
26
2024
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By Dairy News
Catholic Bishops Urge President Tinubu to Rethink Economic Policies Amidst Worsening Hardship

Catholic Bishops Urge President Tinubu to Rethink Economic Policies Amidst Worsening Hardship

Breaking, Economy, Metro, Opinion, Politics, ,
The President of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, has appealed to President Bola Tinubu to reassess his economic policies, citing the escalating hardship faced by Nigerians. Speaking at the 2024 Second Plenary Assembly of the CBCN in Auchi, Edo State, Ugorji emphasized that the current economic policies have caused more harm than good. Ugorji, also the Archbishop of Owerri, acknowledged that the socio-economic challenges facing the nation cannot be resolved by economic reforms alone. He advocated for a return to a regional system of government to combat corruption and address the nation's problems.…
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Dec
05
2023
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By Dairy News
Diaspora Egyptians Participate in 2024 Presidential Elections

Diaspora Egyptians Participate in 2024 Presidential Elections

Breaking, Economy, Politics, , ,
Last three days were significant for Egyptians overseas as they lined up to vote in the December 1–3 presidential elections. The National Election Authority (NEA) has carefully scheduled 137 embassies and consulates in 121 countries to welcome voters from 9 am to 9 pm, guaranteeing maximum accessibility. Egyptians living abroad or temporarily travelling can vote with a valid or expired national ID card or passport with their national ID number. With 14 million Egyptian overseas residents expected to vote, expectations are high. Saudi Arabia, Kuwait, the UAE, and Qatar have high voting rates, suggesting robust community participation. Over 65 million…
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Dec
02
2023
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By Dairy News
Israel Receives Malawian Youths to Help Fill Farm Labour Shortage

Israel Receives Malawian Youths to Help Fill Farm Labour Shortage

Breaking, Economy, , , ,
According to the Malawian labour ministry, several hundred young men have travelled to Israel to work on farms left empty after the Gaza conflict. There are plans for more flights in the near future. On Saturday, 221 young people from the country in southern Africa were transported to Israel on the first flight. Following the tensions created by the Gaza war on October 7, a large number of labourers left Israel's farms, which constitute a considerable portion of the country's economy. Foreign labourers heading back to their home nations and Palestinians from Gaza whose work licences were cancelled by Israel…
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