Oando Subsidiary Promises to Increase Capacity Locally.
Following the successful conclusion of the 27th Conference of the Parties of the United Nations on Climate Change, Oando Clean…
Year: 2022
Purple Announces the Opening of its Public Offer.
The initial public offering (IPO) of 2 billion common shares at a price of N5 by Purple Real Estate Income…
Industrialists Claim Progress as Rwanda Looks to Expand its Manufacturing Base.
According to the company’s sales and marketing manager, Master Steel presently manufactures more than 10 different types of building materials,…
Investors Demand FG Examine AMCON’s Operations
The federal government has been urged once more by shareholders acting via the Independent Shareholders Association (ISAN) to thoroughly examine…
IFC Announces a $225 million Platform to Improve the VC Environment in Africa.
In order to strengthen the venture capital ecosystems in Africa, the Middle East, Central Asia, and Pakistan, IFC has launched…
Subsidies on Gasoline and Electricity are Harming Poor Nigerians, According to W’Bank.
According to the World Bank, subsidies benefit only wealthy households and reduce government spending on poor Nigerians. It went on…
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…
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Tea was withdrawn from the market for Sh1. 5 billion worth of the beverage after the value of the commodity…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…
US Transfers $20.6m Abacha Loot To Nigeria FG
According to an agreement reached on August 23 between the two governments to repatriate assets the United States forfeited that…
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria…
UK Efforts to Repair Finances Result in Higher Taxes and Energy Costs.
Jeremy Hunt, the head of the Treasury, pledged to increase funding for essential public services like health and education while…
According to NBS, 133 million Nigerians are Multidimensionally Poor.
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are multidimensionally poor.…
The Solar Energy Fund at Bank of Industry is now N6 billion.
The Fund was initially introduce in 2017 as a N1 billion Solar Energy Fund for Micro, Small, and Medium-Sized Businesses…
Africa’s Renewable Energy Receives $20 million from AfDB.
The African Development Bank Group’s Board of Directors approved a $20 million equity investment in Evolution Fund III. A pan-African…
Without Reliable Energy, there can be no Digital Economy, says Sahara Power.
“There can’t be a digital economy without power. According to Adesina, while Nigeria’s population was expanding dramatically, the infrastructure needed…
Naira Redesign might cause Dollar to Drop to N200, According to EFCC chairman
The redesign of naira notes, according to Abdulrasheed Bawa, head of the Economic and Financial Crimes Commission (EFCC), may cause…
Nigeria to begin Rice Exports as RIFAN Signs Agreement with Tiamin Rice Company.
A Memorandum of Understanding (MoU) for the processing and sale of rice both locally and internationally has been signed between…