Starbucks Egypt has allegedly laid off scores of workers after a boycott campaign of the coffee chain, amid the deadly offensive on Palestinians in the Gaza Strip, reportedly leading to losses for the company. Starbucks is believed to have been financially affected by the boycott in...
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Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. Ehab Wassef, head of the gold industry division at the Federation...
At least 20 people were killed and 32 injured in a car accident in the Borana zone of Ethiopia’s Oromia region Tuesday, local media reported. The accident took place in the district of Teltale. Local magazine Addis Standard said 18 people suffered life-threatening injuries and 14...
Poor governance, themed by a vast array of issues including fiscal recklessness constitutes the major bane to Nigeria’s crisis-plagued economy, according to a new report by Nanyang Technology University’s Centre for African Studies. The 150-page report titled “Back to Growth: Priority...
Nigeria and Angola have opposed a reduction in their crude oil production quotas by the Organisation of Petroleum Exporting Countries. On Tuesday, Bloomberg reported that OPEC was no closer to resolving the deadlock over oil production quotas for some African members that had already...