Ghana’s Public Debt Declines to GHS 567.3 Billion in September 2023
Ghana’s public debt has decreased to GHS 567.3 billion as of September 2023, reflecting a GHS 14.2 billion reduction compared…
Day: November 27, 2023
Kenyan Parliament Sets Ultimatum for Treasury and Central Bank to Stabilize Depreciating Shilling
Kenya’s Parliament has issued a directive to the Treasury and the Central Bank of Kenya (CBK) to stabilize the depreciating…
Central Bank of Nigeria Calls for Banking Sector Recapitalization to Support Economic Growth
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has issued a directive calling for the recapitalization of…
Nigeria’s GDP Grows by 2.54% in Q3 2023, Driven by Services Sector
Nigeria’s Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023, according to…
Dangote’s $20 Billion Refinery to Start with 350,000 Barrels Per Day
Aliko Dangote, the President/CEO of Dangote Group, has revealed that the $20 billion Dangote refinery in Lekki, Lagos, will commence…
Companies Raise Salaries by 18.35% to Combat Inflation in Nigeria
Companies in Nigeria increased the salaries of their employees by 18.35% to N29.45 trillion in the first half of 2023…
VC Firm Saviu Ventures Raises €12 Million for Second Fund Focused on Francophone Africa
Saviu Ventures, a venture capital firm targeting startups in Francophone Africa, has secured an initial close of €12 million for…
Bpifrance Joins Mediterrania Capital Partners’ MC IV Fund with €350 Million Target
Bpifrance, the French public investment bank, is set to join the MC IV fund of Mediterrania Capital Partners (MCP), a…
Africa Go Green Fund (AGG): Driving Private Investments for Sustainable Development
The Africa Go Green Fund (AGG), initiated by KFW on behalf of the German government, focuses on promoting private investments…
Finnfund Invests €2 Million in Fibertime Group to Boost Township Fibre Internet Access
Finnish development financier Finnfund has invested €2 million (approximately R39.9 million) in the Fibertime Group, a South African company offering…
FrontEdge Raises $10 Million to Boost Cross-Border Trade Financing for African SMEs
FrontEdge, a Lagos-based fintech, has secured $10 million in a seed round comprising debt and equity to enhance cross-border trade…
MMG to Acquire Khoemacau Copper Mine in Botswana for US$1.875 Billion
MMG Limited has entered into a Share Purchase Agreement (SPA) to acquire the parent company of the Khoemacau Copper Mine…
Nigeria Sovereign Investment Authority Launches $500 Million Renewables Investment Platform
The Nigeria Sovereign Investment Authority (NSIA) has introduced a $500 million Renewables Investment Platform for Limitless Energy (RIPLE) dedicated to…