Uganda Hopes to Enhance its Trading Relations with China.
In an effort to find further avenues for pursuing economic and commercial cooperation on a “win-win basis,” authorities from the…
Day: November 10, 2022
In October, Inflation Reached 40.4% In Ghana.
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This…
Tongeji Island in Ogun will House a 400,000-liter-per-day Refinery.
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state’s Tongeji Island, Ipokia Local Government…
Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an extension of the deadline for…
Kenya and South Africa End their Trade Dispute
President William Ruto and his South African counterpart Cyril Ramaphosa announced that the two nations would deal with non-tariff obstacles…
Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products’ Marketers Association of Nigeria, the problems preventing the supply and distribution of Premium…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice as much as what…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture; according…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion Liability.
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the Healthcare Field in Africa.
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its subsidiary CFAO SAS (“CFAO”) has founded Health54 SAS (“H54”), a corporate venture…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV) potential, private equity company RMB…
Nigeria’s Oil Production Increases to 1million Barrels Per Day.
For the first time since June of this year, Nigeria’s oil output increased in October to 1. 02 million barrels…