Real Time Financial News Website
While the war between Russia and Ukraine is projected to raise fuel prices, the government of Tanzania has scrapped Sh100 to each litre of petroleum products to bring relief for…
AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new funding Fundings were from the CDC Group, Norfund and DFC, which will allow AgDevCo to…
The company announced its brand repositioning using a contemplative slogan — “What Are We Doing Today?” It also articulated the context behind the new logo many had seen since February…
The fall in share prices at the Nairobi Securities Exchange following a selloff induced by Russia’s invasion of Ukraine. This has raised the prospects of higher dividend yields for investors…
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has continued to enjoy a trade surplus with East African Community countries. The…
Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom. As it prepares to launch operations in the country over the next couple of months, the Safaricom-led consortium…
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western bonds, putting in doubt Kenya’s plan to issue new debt…
Clickatell the CPaaS innovator and Chat Commerce leader, today announces it has secured $91 million in their Series C round. This round was led by Arrowroot Capital, with participation from…
The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments than it had budgeted for in the half-year period to December on the back…
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting up the country for more expensive imports and debt servicing…
The Group, owner of its Nigerian subsidiary, MTN Nigeria Plc disclosed in a statement that it now owns 144 plots of virtual land with an overall area of 12x12m. The…
In a notice filed with the Nigerian Exchange Limited (NGX), Seplat Energy Plc has announced the payment of final dividend of $0.025 kobo per ordinary share to its shareholders. The…
Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of…
Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of Kaduna State, have hailed the President of the Dangote Group,…
Following the 30 per cent fall of the rouble amid Western sanctions, the Bank of Russia said, on Monday, that it raised key interest rate to 20 per cent from…
The Nigerian National Petroleum Company (NNPC) Limited, has assured Nigerians that it has sufficient stock of petroleum products for distribution across the country. The Company said this in a statement,…
The Consul General of the Ghana High Commission, Samata Bukari, has said the increased synergy fostered by the activities of the Ghana-Nigeria Business Council will strengthen economic ties between the…
Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit closing the day at lows of 3538/3548 from opening levels of 3525/3535. Globally,…
The market capitalisation of equities listed on the Nigerian Exchange Limited appreciated slightly by 0.4 per cent to close at N25.51tn on Friday. The NGX All-Share Index also appreciated by…
Twenty-year-old Kagiso Asset Management is now Camissa Asset Management. The company changed its name following corporate restructuring, which saw staff acquire shares in the business. The company said its founding…
The Federal Government has increased the cost of feeding a primary school pupil from N70 to N100. FG sets to spend about N1bn daily to feed an estimated 10 million…
The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020, according to CBN. As the country’s refineries…
The Nigeria Midstream and Downstream Petroleum Regulatory Agency have suspended the operations of four filling stations in Anambra. The suspension was a result of the suspected delivery of bad Premium…
Over the past two years, the financial services sector has weathered a variety of changes directly stemming from the impact of the Covid-19 pandemic across the region. On one hand,…
Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000 acres of land suitable for growing sugar cane at Wassa Fiase for…
The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said Nigeria is now exporting software across Africa DanAzumi Ibrahim stressed the need to develop a…
The International Monetary Fund yesterday advised the Federal Government and governments of other emerging economies. The International Monetary Fund advised recapitalising commercial banks whose capital were affected by COVID-19 pandemic.…
A London high court began to hear a lawsuit yesterday launched by Nigeria against United States bank JP Morgan Chase claiming more than $1.7 billion for its role in a…
In a bid to make more of their equities available to the investing public, newly listed BUA Foods plc, Notore Chemical Industries plc, UPDC plc and Transcorp Hotels plc are…
MTV Base has announced Nigeria’s number one candy brand, TomTom, as the official sponsor of the new season of MTV Base Cypher The MTV Base Cypher is set to premieres…