Interswitch CEO Wins Entrepreneur Award
Mr. Mitchell Elegbe, the Chief Executive Officer and Founder of Interswitch Ltd, was recognized on Friday as the overall winner…
Day: March 20, 2023
Jumia Laid Off 20% of Staff in Q4 2022 Amid Work to Reduce Losses by Half this Year
Jumia’s streamlining initiatives resulted in a 60% drop in management personnel in Dubai and overall headcount reductions that led to…
Nigerian credit-led Fintech FairMoney Acquires PayForce in Retail-merchant Banking Play
FairMoney, a Nigerian credit-driven digital banking platform, has acquired PayForce, a small business-focused merchant payment service, as it seeks to…
Credable, a Digital Banking Infra Startup that wants to Build Unit For Emerging Markets, gets Funding
A $2.5 million seed round has been raised by Credable, a newcomer in this field that offers its clients the…
BlackRock Eyes Deal to Buy Into Biggest Africa Wind Power Farm in Kenya
Northern Kenya’s Lake Turkana Wind Power is home to Africa’s largest wind farm, and a public-private partnership supported by BlackRock…
Airtel Launches First eSIM Card Services in Tanzania
The eSIM (embedded SIM), a digital SIM that gives users access to the same functionality as physical SIMs sold in…
Moody’s in Tanzania to Evaluate Credit Worthiness
Tanzania can borrow money from foreign markets at fair rates if the government’s efforts to improve its credit rating are…
T-bills, Bonds Still Safest to Invest in — Ebo Turkson
According to Assistant Professor of Economics Prof. Festus Ebo Turkson, notwithstanding the government’s incapacity to pay its debts, Treasury securities,…
Foreign Investors Dump Over Four billion NSE Shares
In multi-year selloffs, foreign investors have sold nearly four billion Nairobi Stock Exchange (NSE) shares, making the stock market more…
State Owes ViVo Energy Sh21 Billion Fuel Subsidy
The parent company of the oil marketer flagged the delayed payments after the government’s debt to Vivo Energy Kenya under…
SEC Rejects Nigerian Enamelware’s Debt Conversion, Bonus Shares
Nigerian Enamelware Plc’s attempt to convert a significant shareholder’s debt to equity was denied by the Securities and Exchange Commission…
NEXIM, Navy, and NIWA Unveil River Navigation Charts, Providing a Boost to the $61.5M Sealink Project
The release of navigational charts for the lower River Niger has boosted the $61.5 million regional Sealink project being promoted…
MTN To Merge Two Financing Companies.
Momo Payment Service Bank Limited and Yello Digital Financial Services Limited, two finance subsidiaries of telecommunications company MTN Nigeria, have…
Currently Circulating Currency now N982bn – CBN
As a result of the Central Bank of Nigeria’s naira redesign strategy, the amount of currency in circulation in the…
Unilever Nigeria to Quit the Skin Care and Home Care Industries.
Unilever Nigeria’s Fast Moving Consumer Goods division has announced that it will leave the skin care and home care industries…