Finance Minister Tells Retirees Ghana Debt Swap Deal Is Beneficial.
In an effort to complete a domestic debt exchange, the beleaguered government of Ghana in West Africa told a group…
Year: 2023
Nigerian States Contest the Deadline for Central Bank Cash Swaps.
In order to avoid problems before elections later this month, three states in Nigeria have petitioned the nation’s highest court…
CBN Proposed To Fine Banks Hoarding New Naira Note.
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public…
Oil Revenue Reduces By N500bn In January
A total of 37.2 million barrels were shipped in January, down below the 49.6 million predicted if it had exported…
Vantage’s Fourth Mezz Fund Surpasses its Goal at Final Close.
Africa’s largest mezzanine fund manager, Vantage Capital, said the final close of its fourth mezzanine fund had been successful. The…
British International Investment Appoints Chijiutomi to Oversee Operations in Africa.
Chris Chijiutomi was appointed as MD, Head of Africa, according to a statement from British International Investment (BII). Chijiutomi, who…
MNT-Halan now has Unicorn Status after the most Recent Funding Round.
MNT-Halan, an Egyptian fintech startup, has raised $400 million in a capital round, including $140 million in securitized bond issuances…
Nigerian Bonds Decrease Ahead of the S&P Credit Rating Review.
Following the West African oil producer’s downgrading by another rating agency, Moody’s, a week earlier, Nigeria’s dollar-denominated government bonds declined…
Adenia’s Fund Retains a Strong First Close of $300 million.
Adenia Partners, a private markets investment company dedicated to ethical investing and a sustainable Africa, has announced the first closing…
GHANA Cancels Its $672 Million Back-taxes Claim With MTN Group.
The Ghanaian government has been requesting millions of dollars in back taxes from some of the biggest businesses in the…
KENYA: A Mauritius Private Equity Group Is Negotiating To Buy Java.
Mauritius-based private equity firm Adenia Partners is in discussions to fully acquire restaurant chain Java House in a transaction that…
FG Anticipates Excise Taxes To Generate N250 Billion.
According to research, Federal Government intends to generate N250.09bn from excise duty in 2023. This was stated in the budgetary…
FG Supports NEPZA’s Initiative to Designate Universities as Economic Zones
The expedited efforts by the Nigeria Export Processing Zones Authority (NEPZA) to designate willing universities as Special Economic Zones have…
Agriculture and Manufacturing Record Fastest Production Cost Increase in January – Stanbic IBTC
According to the Purchase Manager Index (PMI) study from Stanbic IBTC Plc, operators in the industrial and agriculture sectors would…
Despite FG Assertions, Fuel Supply Is Still Very Low
Despite assurances by the Federal Government that it possessed more over one billion liters of PMS, enough to keep the…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1 Billion.
Asset management Stanlib’s Infrastructure Fund II, which invests in infrastructure projects including renewable energy, transportation infrastructure, and logistics, is acquiring…
Peter Obi Requests Calm, Urges Nigerians to Put Up with FG, CBN
Mr. Peter Obi, the Labour Party’s presidential candidate, has pleaded with Nigerians to have patience with the federal government and…
Mineral Titles Drop 37% As Industry Is Threatened By Instability
Nigeria’s natural resources are underutilized, according to the minister. However, the mining industry has also been troubled by insecurity, which…
Reps Are Considering Calling An Emergency Session Due To The New Naira Crisis.
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no option but to…
In 2022, Migrant Workers Sent about $800 billion Home.
People in low and middle income countries depend on migrant workers money sent home, which is expected to have increased…
According To Buhari, Nigeria Has 100% Broadband Penetration.
At the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture’s first Digital Economy Conference, which was hosted at…
Transport Union Gets Government Approval
The Amalgamated Union of App-Based Transport Workers of Nigeria has received federal government approval for trade union recognition. With this…
KENYA: In January, Investors’ Wealth At The Bourse Decreased By Sh24.4 Billion.
The Nairobi Securities Exchange (NSE) saw a loss of Sh24.45 billion in investor value in January, which is a result…
KENYA: As Mortgage Rates Increase, Home Values Drop By The Most In Four Years.
Due to an excess of housing and expensive bank loans, house prices fell by the largest margin in the three…
Elon Musk Releases Starlink in Nigeria At A Discount
Nigeria is the first nation in Africa to benefit from Elon Musk’s satellite business, SpaceX, which is now open to…
Reps Drop The N22.7tn Loan Proposal And Approve The Borrowing Of N1tn
The President’s requests for Ways and Means Advances from the Central Bank of Nigeria were partially accepted by the House…
Addax’s Property Is Acquired By NNPCL.
After fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have amicably terminated their 24-Year Production Sharing…
After The Deadline, Banks Would Still Accept Old Notes — Emefiele
Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the governor of…
KENYA; Local Rice Millers Object About The Window For Duty-Free Imports Being Locked Out.
The importation of the good during the duty-free window has been blocked, and local rice millers have criticized the action,…
UGANDA: Due To Costly Imports, Egg Prices Will Increase.
Kenyan consumers are paying more for eggs as the price of the commodity shoots to a high of Sh450 a…