Suspended Central Bank Governor Godwin Emefiele Resigns, Clearing the Way for New Appointment
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria, reportedly resigned from his post last month. This move…
Day: September 18, 2023
Nigerian National Petroleum Company Limited Reports N18.4 Billion Profit in Q1 2023 Post OVH Energy Acquisition
The Nigerian National Petroleum Company Limited (NNPCL) announced a profit of N18.4 billion in the first quarter of 2023, less…
Nigeria’s Inflation Rises to 25.80% in August, Food Prices Surge
In August 2023, Nigeria’s inflation rate surged to 25.80% from 24.08% in July, according to the National Bureau of Statistics.…
Nigeria’s Currency in Circulation Reaches Highest Level in 2023 Amid Rising Inflation
The Central Bank of Nigeria (CBN) reported that currency in circulation in Nigeria increased to N2.66 trillion in August, marking…
NNPC and Indorama Sign MOU for $18 Billion Hydrocarbon Exploration Deal
The Nigerian National Petroleum Company Limited (NNPCL) and Indorama Eleme Petrochemicals Limited have entered into a Memorandum of Understanding (MOU)…
Rubis Energy Converts €30 Million in Pending Fuel Subsidy Dues into Government Bonds
Rubis Energy Kenya, an oil marketer, converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into government bonds…
Return on Fixed Deposits Outpace Inflation in July for the First Time in 15 Months
In July, the return on fixed deposits in Kenya surpassed inflation rates for the first time in 15 months. Banks…
Gender Wage Gap in Kenya: Women Earn 34.2% Less Than Men, Survey Reveals
Data from the first quarter of the 2022 Annual Household Income and Expenditure Survey (AHIES) in Kenya highlights a significant…
Kenyan Treasury Relies on Short-Term Bond Reopenings to Raise Ksh 222 Billion
The National Treasury in Kenya has utilized multiple reopenings of short-term bonds to secure Ksh 222 billion since May. By…
Investor-Founder Disconnect Poses Major Threat to African Tech Funding
A recent report from Wimbart, a PR agency specializing in tech and startup sectors across Africa and emerging markets, has…
TraditionData Expands Global Fixed Income Offering, Now Covers Over 20,000 Securities from bonds.com Network
TraditionData, the market data and intelligence division of Compagnie Financière Tradition, has extended its global fixed income offering to include…
Pan-African Fund Managers’ Association (PAFMA) Launched to Foster Alternative Investments in Africa
The Pan-African Fund Managers’ Association (PAFMA) was inaugurated in Nairobi, Kenya during the Africa Climate Summit 2023. PAFMA is a…
Valu Successfully Closes EGP 922.3 Million Securitized Bond Issuance in Partnership with EFG Hermes
Valu, a leading financial technology provider in the MENA region, has announced the successful completion of its sixth securitized bond…
Joliba Capital Raises €55 Million in First Close of Joliba Fund I, Backed by IFC, Proparco, FMO, and LBO France
Abidjan-based private equity firm Joliba Capital has achieved the first close of its Joliba Fund I, securing €55 million in…
Tana Africa Capital Exits Investment in IEG, Facilitating Acquisition by Globeducate
Tana Africa Capital has successfully exited its investment in IEG, a network of schools operating in Morocco and the Netherlands.…
Emata Secures $2.4 Million Seed Funding to Expand Digital Agri-Loan Offering in East Africa
Emata, an agricultural finance solution for East African farmers, has successfully raised $2.4 million in seed funding, comprising both equity…