Cost of Living Crisis: As Food Prices Soar, Families Skip Meals.
Nigeria’s annual inflation continued its seven-month climb in September, rising to 20. 77 per cent, marginally up from 20. 54…
Year: 2022
The World Bank Plans to Invest Sh306 billion in Kenyan Projects.
The World Bank will raise $2.5 billion (Sh306. 6 billion) for Kenya to finish a number of private-public partnership projects…
By 2025, SEC Expects to have Invested N5 trillion in Shariah Products.
Lamido Yuguda, the director general of the Securities and Exchange Commission (SEC), stated in Abuja that the recently released Capital…
Canada’s Largest Pension Plan Abandons its Cryptocurrency Investment Strategy.
CPPI said it has not made any direct investments in cryptocurrencies. The decision by CPPI also comes after the collapse…
Nigeria: Second Niger Bridge Will Open To Traffic Dec 15.
According to Jimoh Olawale, the Federal Controller of Works for Delta State, the Second Niger Bridge will open to traffic…
Energy Crisis Worsens in South Africa as Nation Experiences more Severe Power Outages.
Eskom has implemented higher stages of planned power cuts due to ongoing infrastructure failures at power generation facilities. The troubled…
Petrol Marketers give a Seven-day Deadline Regarding the Price Disparity.
In a seven-day ultimatum to the Federal Government, the oil industry has threatened to stop using private depots if the…
European Shares Decline amid recession concerns as telecom and utilities struggle.
In response to growing concerns about an impending recession, European shares dropped, with utilities and telecom companies leading declines. The…
Dangote Refinery Valuation to Soar Past $13.8bn on Completion
The European Union is looking for alternative sources of refined products as a result of the sanctions imposed on Russian…
Crude Oil : NSA says Nigeria Might Lose $23 billion in 2023.
Major General Babagana Monguno, the National Security Adviser, has cautioned that if crude oil theft continues in the nation, the…
The Trump Organization was Found to have Engaged in Tax Fraud.
The legal difficulties facing the former U.S. President as he runs for the office again in 2024 have been made…
Israel’s New 5G Mobile Auction Aims to Benefit “smart” Cities.
Israel launched its second 5G tender and urged mobile companies to increase the deployment of fifth-generation sites to enable “smart”…
European Technology Sector’s Market Value Declines by $400 billion.
According to a report from venture capital firm Atomico, the European tech sector lost $400 billion in value this year…
South Africa: GDP Grows by 1.6%
According to statistics released by Statistics South Africa, the agriculture, forestry, and fishing industries performed the best in the country’s…
Ghana: Germany Pledges an Economic Grant of €82 million.
The Federal Republic of Germany’s government has pledged to give grants totaling about €82 million to important sectors of the…
Nigeria: UN, FG Select 13 States for Agric Programme.
In collaboration with the Federal Government, the Food and Agricultural Organization of the United Nations has chosen 13 states for…
China’s Trade Suffers Worst Slump.
In November, China’s exports and imports declined at their fastest rate in at least two and a half years as…
Nigeria, Saudi Arabia Sign MoU on Aviation Security.
A Memorandum of Understanding was signed by the Nigerian and Saudi Arabian air accident investigation bodies in order to exchange…
Ghana: Debt exchange: Financial stability fund confidence booster.
PricewaterhouseCooper’s, an accounting and advisory firm, has applauded the government’s proposal to create an investor protection fund, which would serve…
Equinix Announces an Expansion Strategy Six Months after Purchasing MainOne for $320 million.
The supply chain, cybersecurity, and hiring segments of Equinix’s 2022 Global Tech Trends Survey were focused on 100 business leaders…
Nigeria National Assembly Suspends Contentious Workers’ Pension Bill.
At the House of Representatives, there was debate over a bill that sought to exclude National Assembly employees from the…
Bank of England to add 50 bps to Bank Rate on Dec. 15.
Despite the economy entering a recession, the Bank of England will increase Bank Rate by another 50 basis points, bringing…
MRS Holding Provided $300m to NNPC for Chevron Assets – Bloomberg Report.
According to a Bloomberg report, Sayyu Dantata, a member of one of the richest families in Nigeria, funded the Nigerian…
In Nigeria’s Second 5G Licensing Round, Airtel was the Only Bidder.
Following the failure of another company to pay a deposit required to continue the auction, Airtel Africa (AAF. L) was…
Nigeria: FG Recoups N120 billion from Criminal Proceeds.
Following the passage of the Proceeds of Crime (Recovery and Management) Act, 2022, the Federal Government reported that it had…
The African Development Fund Raises $8.9 billion for Low-income Nations in Africa.
The African Development Fund’s (ADF) development partners have agreed to contribute a total of $8.9 billion to the financing cycle…
Lekki Port and LFZ Integration Will Change Nigeria’s Economic Fortunes.
The integration of Lekki Port with Lagos Free Zone, according to Mr. Dinesh Rathi, Chief Executive Officer of Lagos Free…
Tanzania Cancels Independence Day Celebration, To Use $445k Budget To Build School Dormitories.
The president of Tanzania, has canceled the Independence Day festivities that were set to take place this Friday, December 9.…
eNaira Circulation Rises to N400million.
The e-circulation naira’s has increased to N401. 82 million, according to data from the Central Bank of Nigeria. Also, transaction…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy’s bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to Ghana…