Wheat prices trade ‘limit up’ again, hit highest in nearly 14 years
Wheat futures reached new multiyear highs Wednesday, as war between major exporters Russia and Ukraine continued to raise concerns about…
Year: 2022
Uganda Revenue Authority Recored sh1.8 Trillion Tax
Uganda Revenue Authority (URA) collected sh1.8 trillion in tax in January, according to the Ministry of Finance. The latest performance…
Amana Capital To Raise $2 Million Funding
Fund manager Amana capital is seeking to raise $2 million (Sh227.8 million) in the form of debt and/or equity. The…
Treasury Fights Billionaire Rai On Leasing Mumias
The Treasury has opposed West Kenya’s bid for lease of Mumias Sugar Company on concerns that its billionaire owner Jaswant…
World Bank To Provide Fund For Ukraine
The World Bank says it is preparing a $3 billion aid package for Ukraine in the face of Russia’s invasion.…
Naira Exchange At N578 To $1
The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux…
Champion Breweries Recorded 520% Increase In Post Tax Profit
Champion Breweries Plc has released its FY 2021 results which revealed 520% growth in post-tax profit, from N159 million in…
Africa Prudential Announces Dividend Payment To Shareholders
Africa Prudential Plc has announced a dividend payment of N0.50 kobo per 50 kobo ordinary share for the financial year…
Nigeria: Market Capitalization Decreases
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 26…
Maersk Suspends All Container Shipping To/From Russia
Maersk, the world’s largest container shipping line, has publicly stated that it will suspend deliveries to and from Russia as…
Ukraine Raises More Cryptocurrency Donations Amid War
With Russia’s invasion continuing, Ukraine has expanded the types of cryptocurrencies it accepts for donations. According to Elliptic, a blockchain…
Nigeria Records 32% Foreign Direct Investments Dip In 2021
Nigeria attracted a sum of $698.78 million as foreign direct investments (FDIs) in 2021, representing its lowest level on record.…
Airbnb To Provide Free Housing For 100,000 Ukrainian Refugees
Airbnb, a home rental company, says it is offering free short-term housing to 100,000 Ukrainian refugees fleeing the Russian invasion…
Halima Dangote Appointed Non-Executive Director Of Dangote Cement
Dangote Cement Plc has appointed Halima Aliko Dangote as a non-executive director. Edward Imoedemhe, deputy company secretary of Dangote Cement,…
Walmart launches A.I.-powered virtual clothing try-on technology for online shoppers
Last May, Walmart announced its acquisition of the virtual clothing try-on startup Zeekit, which leveraged a combination of real-time image processing, computer vision,…
Gopuff officially launches its instant delivery service in France
Gopuff is expanding its service to Europe, starting with France, after launching in the United Kingdom late last year. The…
CBN to pay exporters N65 rebate for every $1 remitted
The Central Bank of Nigeria has said it will pay exporters N65 for every $1 sold into the economy through…
Uganda Government to support domestic investors in oil and gas sector
The Uganda Investment Authority, the investment arm of the country, has embarked on building the capacity of domestic investors to…
Higher Education Loans Repayment Default Increases With Job Cut
About 109,661 former university students have defaulted on payments to the Higher Education Loans Board (Helb) in the wake of…
Areas Indian Investors Now Troop Into Tanzania
Indian investors are increasingly seeking investment opportunities in Tanzania in their quest to grab the opportunities that come with President…
Visa and Mastercard block Russian banks from their networks after sanctions
Payment and credit card giants Visa and Mastercard have blocked Russian financial institutions from their networks in response to sanctions targeting Russia after…
Mineral Income Investment Fund Acquires 3.5 Per cent Of Asante Gold Corporation
The Mineral Income Investment Fund (MIIF) has acquired 3.5 per cent of the Asante Gold Corporation (Asante) in line with…
Wooing Intel, Italy plans $4.6 billion fund to boost chipmaking
Italy plans to set aside $4.6 billion until 2030 to boost domestic chip manufacturing. It also seeks to attract more…
Tanzania Fuel Price Rise Despite Government Intervenion
Retail prices of fuel in Tanzania have risen despite the government intervention by scrapping off Sh100 of levies. Motorists in…
Nokia stops deliveries to Russia
Nokia will stop deliveries to Russia to comply with sanctions imposed on the country following the invasion on Ukraine, the…
Micro Finance Institution Advised To Renew License For Smooth Business
Micro Finance institutions have been asked to acquire the 2022 operational licenses to enable them to work effectively and be…
Uber Introduces New Features
A new Uber Explore feature will allow users to book dinner reservations, concert tickets and other events directly through the…
Uganda Government To Provide Support In Oil And Gas Sector
The Uganda Investment Authority (UIA), the investment arm of the country, has embarked on building the capacity of domestic investors…
Nigeria ranks low in W’Bank projects’ implementation, says FG
The Nigerian FG on Tuesday disclosed plans to improve the level of implementation of donor-financed projects in the country. According…
NNPC vows to increase production as Brent crude oil hits $110/barrel
BRENT, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday. This rose to the highest…