Impact Life Insurance Combines Two Insurers.
To assist the country’s insurance penetration rate rise, two businesses, the Ghana Union Assurance (GUA) Life and Phoenix Life Assurance…
Day: November 21, 2022
Nigerian Operators Upset Over the Proposed 20% Tax on Non-alcoholic Beverages by the Federal Government.
An analysis of the effects of the current N10 per litre excise tax between June and August 2022 revealed an…
Uganda Government is Advised to Cut Taxes to Boost the Industrial Sector.
Amos Nzeyi, executive chairman of Crown Beverages Limited (CBL), has urged the government to lower taxes on manufacturing in order…
Kenyan Traders Pull Sh1.5 billion Worth of Tea Amid a Lower Bidding Price.
Tea was withdrawn from the market for Sh1. 5 billion worth of the beverage after the value of the commodity…
Kenya Injects First Dispatch of Ethiopia Power into National Grid.
Kenya launched the program that is anticipated to help down power rates for companies and people last week by injecting…
IFC Mulls Debt Investment in M-KOPA.
With operations in Kenya, Uganda, Nigeria, and Ghana, M-KOPA (“M-KOPA” or “the Company”) is an established platform that offers necessary…
Inspired Evolution wins AfDB commitment for Fund III.
The African Development Bank Group’s Board of Directors today approved a $20 million equity investment in Evolution Fund III, a…
Helios Invests in Many Data Centres Across Africa and Hires a New MD.
For an unknown price, Helios Investment Partners (Helios) has entered into agreements to purchase the majority shares in Maroc Datacenter…
The World Population will Surpass 8billion, with India Surpassing China.
World Population Prospects 2022, published on World Population Day, estimates that the world’s population would reach 8 billion people on…
Nigeria Slides to Seventh on the List of OPEC Producers.
According to the organization’s Monthly Oil Market Report for November, which looked at oil production results in October, Nigeria is…
As the Ukraine Crisis Diverts Donor Money, the Gates Foundation Commits $7billion for Africa.
As Bill Gates cautioned that the Ukraine crisis was lowering the amount of aid moving to the region. The Bill…
Nuclear Plant Site in Ukraine is Rocked by Explosions.
The Zaporizhzhya Nuclear Power Plant (ZNPP) in Ukraine saw powerful explosions that “abruptly ended a period of relative tranquillity” there.…
Nigeria’s Growth is Projected by the IMF to be 3% in 2022.
Nigeria’s projected real GDP growth for 2022 has been lowered by the International Monetary Fund from 3. 4% to 3%,…
IMF Requests CBN Let Banks Determine Dollar Rates.
In order to increase the inflow of foreign money into the economy, the Central Bank of Nigeria (CBN) has been…
Buhari to Officiate First Oil Drill in Northern Nigeria.
Nigeria’s first crude oil well will be launched and inaugurated by President Muhammadu Buhari. This marks the beginning of the…