Nigeria Rescinds the COVID-19 Examinations for International Travellers.
The COVID-19 testing requirement for international travellers was lifted by Nigeria on Monday, 12th December 2022 and wearing a mask…
Category: Africa
Kenya’s Centum Pays Dollar Loans to Cut Costs Over a Weak Shilling.
Investment company Centum intends to pay off its dollar-denominated debt soon in order to avoid increasing finance costs on hard…
Absa Says Africa’s Top Investment Destinations Includes Tanzania.
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory environment, sound…
Equity, NCBA fight over Sh160 million Nairobi Property.
In a legal dispute over a building in Nairobi that the two lenders claimed to have financed at a cost…
South Africa’s Aspen gets $30 mln Grant from Bill Gates Foundation to make Vaccines.
Aspen Pharmacare (APNJ.J) has wrapped up pacts to secure funding of $30 million from the Gates Foundation and the Coalition…
TLG Plans Venture Debt Deals in Future Africa’s Portfolio.
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture capital firm…
Mobility Fintech, Moove, Raises $30mln from Debut Sukuk for UAE Expansion.
In order to fund the construction of the largest EV ride-hailing fleet in the MENA region, Moove, the first mobility…
DPI and Fireball Back Ukheshe’s African expansion Plans.
In order to close the financial inclusion gap, Ukheshe International provides embedded finance to businesses in the African fintech ecosystem.…
Exxon Completes the $407 million Sale of its Operations in Chad and Cameroon.
Exxon Mobil Corp. (XOM. N) completed the sale of its operations in Central Africa’s Chad and Cameroon to London-listed company…
Net Worth of Abdul Samad Increases by $7.3 billion.
Due to the successful performance of his publicly traded assets on the Nigerian Exchange, Abdul Samad Rabiu, Chairman of BUA…
The World Bank Plans to Invest Sh306 billion in Kenyan Projects.
The World Bank will raise $2.5 billion (Sh306. 6 billion) for Kenya to finish a number of private-public partnership projects…
Energy Crisis Worsens in South Africa as Nation Experiences more Severe Power Outages.
Eskom has implemented higher stages of planned power cuts due to ongoing infrastructure failures at power generation facilities. The troubled…
South Africa: GDP Grows by 1.6%
According to statistics released by Statistics South Africa, the agriculture, forestry, and fishing industries performed the best in the country’s…
Ghana: Germany Pledges an Economic Grant of €82 million.
The Federal Republic of Germany’s government has pledged to give grants totaling about €82 million to important sectors of the…
Ghana: Debt exchange: Financial stability fund confidence booster.
PricewaterhouseCooper’s, an accounting and advisory firm, has applauded the government’s proposal to create an investor protection fund, which would serve…
The African Development Fund Raises $8.9 billion for Low-income Nations in Africa.
The African Development Fund’s (ADF) development partners have agreed to contribute a total of $8.9 billion to the financing cycle…
Tanzania Cancels Independence Day Celebration, To Use $445k Budget To Build School Dormitories.
The president of Tanzania, has canceled the Independence Day festivities that were set to take place this Friday, December 9.…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy’s bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to Ghana…
Kenya: Tax Refund Claims Hit Sh109bn.
According to the Kenya Revenue Authority (KRA), unclaimed tax refunds total more than Sh109 billion, which is hurting businesses’ cash…
CBN’s Cash Withdrawal Policy is Part of a Broader Strategy to Manage Forex Demand.
Nigerians have reacted to the news as expected as to why the central bank decided to implement this revised cash…
Ghana: A Record-high Interest Rate of 31.4% was Reached.
At the end of October 2022, the average interest rate on loans provided by banks to individuals and businesses in…
Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa’s Liquefied Natural Gas, LNG, export in the short term. More…
NNPCL Signs MoU with Companies in Ghana and Gambia.
The Nigerian National Petroleum Company Limited has signed five memorandums of understanding regarding the Nigeria-Morocco Gas Pipeline Project with the…
Bboxx-EDF Obtains €11 million to Speed Up Electrification of Togo with Solar Kits.
Bboxx, a manufacturer and distributor of plug-and-play solar systems with a focus on Africa, and its partner EDF, a world…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by the Lion’s…
4Di Capital Holds Second Close for New Seed Fund.
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25 million seed fund…
Egypt Hopes to Issue its First Panda Bonds.
According to Deputy Finance Minister Ahmed Kouchock, Egypt plans to issue its first panda bonds by the end of this…
Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism that the action will…
S’African President Faces Impeachment Threat Amid Probe Of ‘$580k Stolen From His Farm’
The South African president, Cyril Ramaphosa, may be removed from office due to allegations of corruption. The focus of the…