Category: Economy
Free Business Registration Boost for 250,000 Nigerian MSMEs
Nigeria's CAC and SMEDAN have teamed up to offer free registration for 250,000 nano, micro and small enterprises across all 36 states and the FCT. The scheme opens doors to loans, grants, insurance, training and private‑sector investment. Entrepreneurs can sign up online via portal.smedan.gov.ng or smedanregister.ng. The move aims to pull more firms into the formal economy and spark sustainable growth.
SASSA Confirms September 2025 Grant Dates, Seniors Get On‑Time Pensions
The South African Social Security Agency locked in the September 2025 payment calendar, delivering old‑age pensions on Sept 2, disability grants on Sept 3 and child‑support/other grants on Sept 4. Beneficiaries were urged to withdraw cash gradually and use their cards for purchases, a move aimed at easing ATM queues and curbing theft. The smooth rollout boosted confidence in the nation’s safety‑net amid economic pressures.
EPRA Announces Significant Reduction in Fuel Prices Amid Cost Adjustment
In a significant development for Kenyan consumers, the Energy and Petroleum Regulatory Authority (EPRA) has reduced fuel prices. Effective from October 15 to November 14, 2024, Super Petrol has decreased by Sh8.18 per litre, Diesel by Sh3.54 per litre, and Kerosene by Sh6.93 per litre. The adjustments, attributed to a decrease in the average landed cost of imported petroleum products, will see varying prices across Kenya's major regions.
Nigeria's Federal Government and Labor Union Finalize Deal on ₦70,000 Minimum Wage
The Nigerian Federal Government and labor unions have reached a notable agreement on a new minimum wage of ₦70,000. The recently signed Memorandum of Understanding (MoU) follows intense negotiations, highlighting a stark contrast to the unions' original demand. Though the exact implementation date remains unspecified, the decision marks a crucial step forward in addressing workers' wage issues.