Google Receives $392 million in Fines from the US
Google and 40 US states reached a landmark privacy settlement on Monday after the search engine giant was accused of…
Year: 2022
Kenyan Businessmen Pay Exorbitant Prices for Ethiopian Miraa for the Somalia Market.
As high prices in Kenya drive them to give up the local crop, Miraa dealers have moved to Ethiopia as…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost of…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria’s first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC) after the…
Under Buhari, CBN Grants $3.5 billion for International Education.
Data acquired on Sunday from the Central Bank of Nigeria’s website indicated that under President Major General Muhammadu Buhari, the…
FG Charges 16 Foreigners with Oil Theft and Detains the Vessel.
16 foreigners have been charged by a Federal High Court in Port Harcourt, Rivers State, with offenses that include conspiracy,…
Tanzania and China Will Deepen their Partnership.
Chinese President Xi Jinping welcomed Tanzanian President Samia Suluhu Hassan to Beijing as part of his state visit to China.…
Egyptian Fintech Equity and Financing Round Led by EIIC and Sawari
The Egyptian finance firm, Blnk, formed in 2021 by Amr Sultan and Tarek Elsheikh, has revealed that it has earned…
Helios Invests Expansion Money in IXAfrica.
Helios Investment Partners, the top private investment company with an emphasis on Africa, and IXAfrica Data Centre Limited, a leading…
Quona Capital Closes a $332 million Fund to Finance Fintech Businesses in Developing Nations.
Quona Capital, a venture capital firm, has announced that Fund III, its third fund, has reached its final closure at…
To Further its Worldwide and African Development, Yassir Gets $150 million in Series B.
Yassir, an Algerian super-app with a San Francisco headquarters that provides financial and on-demand services, has concluded a $150 million…
Buyoya Promoted to be IFC’s Regional Director for West Africa.
Olivier Buyoya has been appointed as the new regional director for the International Finance Corporation (IFC) in West Africa. Buyoya,…
Young Chae Predicts that by the End of 2022, Bilateral Trade between Korea and Nigeria would Reach $2.4 billion.
By the end of the year, the bilateral commerce between Nigeria and South Korea, the tenth-largest economy in the world,…
Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into Account.
In order to extend loans at an acceptable price, the Central Bank of Kenya (CBK) has urged lenders to take…
To Accelerate the Growth of SMEs, Bank of Ghana Collaborates with Two Parties.
The Bank of Ghana (BoG) has teamed up with two organizations to provide the nation’s micro, small, and medium-sized companies…
Cocoa Growers in Ivory Coast worry that an Unpredictable Environment may Reduce Crop Production.
The leading producer of cocoa in the world has been impact by the shift in rain patterns. Nearly half of…
Ghana’s Economy to Expand Below Average – Standard Bank
Ghana’s GDP growth prediction for the end of 2022 has been cut from an earlier 3.1% to 2. 6% by…
Visa and FTX have Ended their Global Debit Card Arrangements.
The largest payment processor in the world, Visa Inc (V.N), said that it was terminating its global credit card arrangements…
Kenyan Firms Among the COP27 Contest Winners.
Twenty African businesses, including three startups from Kenya, will split the $2 million (Sh244 million) grant that was revealed at…
Oil Tanker being Held in Equatorial Guinea Heads Back to Nigeria.
A spokesperson for the Nigerian Navy told Reuters that an oil super tanker that had been suspected by the country’s…
Operators Assert that Micro Pensions will Reduce Poverty.
Micro pension plans are a national emergency system to prevent a rise in the poverty rate and reliance on public…
Naira Redesign: CBN Promises to Safeguard Nigerians in Rural Areas.
In light of its intentions to restructure the naira, the Central Bank of Nigeria has vowed to safeguard Nigerians who…
90% of the Plan to Enhance Wheeling Capacity by 1000MW is Finished, According to TCN.
The plan to increase grid capacity by the Transmission Company of Nigeria is 90% finished, according to the Nigerian government.…
EU Plans to Buy 22million Tons of Nigerian Gas Annually.
With plans to increase gas imports from Nigeria to the tune of 22 million tons annually; the most populous country…
Consumption Costs Reach N57 trillion as a Result of Rising Inflation.
Consumption spending in Nigeria increased to N57.08 trillion in the first half of 2022 due to rising inflation. According to…
Customers are Charged N715bn by Banks for Electronic Transactions, Among Others.
In the first nine months of 2022, 11 banks charged their clients N714. 61bn in electronic fees and other charges.…
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla (TSLA. O) CEO will…
Britain Freezes £18bn Worth of Russian Assets.
Russia is now Britain’s most-sanctioned nation, surpassing both Iran and Libya, according to the Office of Financial Sanctions Implementation. In…
Nigeria’s GDP Expands by 3.54% in the Second Quarter of 2022.
Nigeria’s Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022, according to…
Peter Obi’s Investment in Anambra was Insignificant, According to Soludo
Peter Obi, the rumored Labour Party presidential contender, is claimed to have invested money in the state government, but according…