Central Bank Of Kenya Orders Banks To Ration Scarce Dollars
A number of currency traders and importers says that banks have imposed a daily cap on dollar purchases. This is…
Day: April 25, 2022
NSSF Doubles Investment In State’s Debt Securities – Kenya
Latest industry statistics show the State-owned pension fund has grown its stake in Treasury bonds and bills to Sh170.9 billion…
Nigerian Government Records N2.23tn Fiscal Deficit In Three Months – CBN Report
The Federal Government recorded N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from…
Prepare For Global Food Crisis, Adesina Advises African Govts
Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa should prepare for the inevitability of a global food…
The Food Lab, Egypt’s Cloud Kitchen Operator, Raises Pre-Seed Round Of $4.5M
The Food Lab (TFL), has announced the completion of a significant $4.5 million pre-seed fund raising round. This round includes…
AfDB Approves €9.8m To Support Venture Capital Investments In African Startups
The board of the African Development Bank Group (AfDB) has approved an equity investment of €9.8 million to support venture…
Beans, Tomatoes, Yam Record 40% Price Hike In Nigeria –NBS
The average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and…
Nigeria’s Crude Oil Production Rigs Drop By 37.5%, Says OPEC
The number of functional crude oil production rigs in Nigeria decreased by 37.5% to just 10 operational rigs in March…