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Africa
Ghana Saved $300million On Energy Programme.
In 2021, the government avoided giving utilities in the energy industry $300 million in credit.
The credit…
According To AfDB, Nigeria Needs Assistance To Reduce Its Debt Burden.
Economic and financial experts have expressed grave concerns about Nigeria's soaring debt load; which has posed a…
Ghanaian Cedi Declines By 64% This Year.
The Ghanaian cedi has fallen by a staggering 64.45% against the US dollar. The USD/GHS exchange rate was 9.9495.…
In 2022, Kenya Pension Bill Was Reduced By Sh18billion.
In the first two months of the current fiscal year, Kenya's pension bill decreased by Sh17. 94 billion compared to…
Ghana’s Inflation Reached A 21-year High Of 33.9% In August.
In order to help the country get through the harsh economic situation it is currently experiencing as a result of…
Kenyas President Is In Favor of Raising NHIF Contributions From The Wealthy.
Shortly after a comparable plan was rejected by Parliament, President William Ruto has supported the appeal for…
Returns For Kenyan Insurers Are Impacted By The Stock Market Fall.
Due to decreased share prices on the Kenyan stock market, insurance companies saw a decline in investment revenue…
NCBA Finances Its Tanzanian Affiliate With Sh2billion.
In order to better serve large enterprises, NCBA Bank Tanzania is closing extra branches in certain areas.
The…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To…
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were…
Angola Becomes Africa’s Biggest Crude Producer.
Nigeria's productivity has been progressively declining since 2020, and this year it struck multi-decade lows.
…
KCB’s Congo Buyout Target Heavy On Commission.
KCB Group’s Democratic Republic of Congo acquisition target Trust Merchant Bank made twice as much in fees and…
According To The NNPC Chief, Churches And Mosques Are Housing Stolen Nigerian…
Every section of Nigerian society is complicit in the theft of millions of barrels, the head of state oil company…
South Africa’s Inflation Rate Hits 7.8%, Highest In 13 Years .
South Africa’s annual consumer inflation reached its highest level in 13 years, increasing to 7.8% in July from…
Shanta Eyes Sh60 Million West Kenya Gold Licences.
London-listed exploration firm Shanta Gold is eyeing three additional prospecting licences from Canadian miner…
South African Rand Weakens Against Strong Dollar.
South Africa's rand was weaker in early trade on Monday, as the dollar hit a new five-week high after more Federal…
Uganda To Refund Kenya 60mw Of Electricity Supplied.
Uganda will pay back Kenya in kind the electricity that Kenya Power supplied; following power disruption in one of…
BoG Rolls Out Urgent Measures To Fight Inflation, Cedi Depreciation.
The Bank of Ghana (BOG) has raised the policy rate by 300 basis points (bp) to 22% in a historic move; meant to…
Ghana’s Central Bank Hikes Interest Rate To 22% To Combat Inflation, Forex Crisis.
Ghana’s central bank has raised its interest rate by 300 basis points to 22% to tame inflation and stabilize the…
Kenyan Shilling Plunges Against Dollar Since William Ruto’s Victory.
Kenya’s currency, the shilling weakened against the dollar as the country’s election commission; announced Deputy…
South Africa Network Provider Rain To Submit Merger Proposal To Telkom In Due…
South Africa's data-only network provider rain intends to submit a formal non-binding proposal to bigger rival…
Ghana’s Inflation Rate Rises To 31.7% In July 2022.
Ghana’s inflation rate rose further in the month of July 2022 after the headline rate surged to 31.7%; from 29.8%…
Students Cheer As Online Translation Tools Add More African languages.
Ugandan IT student Andrew Njuki spent years hunched over English-language textbooks; often grappling with material…
Nigeria, Other African Countries Need 20,000 Pilots –Report.
Aircraft giant, Boeing has raised concern over the dearth of pilots, technicians, and cabin brew as the plane…
Dangote Cement Deploys Grinding Plants In Ghana, Cote D’Ivoire.
The Chief Executive Officer, Dangote Cement, Michel Puchercos, has said the company is boosting production in its…
Central African Republic’s Digital Coin Finds Few Buyers.
The sale of Central African Republic's first digital coin got off to a slow start; with just over 5% of the…
Zimbabwe State Workers Plan Strike To Demand Pay In Dollars, Due to Fall In Local…
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in…
USAID to provide Kenya with $255mln for drought
U.S. development agency USAID will provide Kenya with $255 million in emergency and development assistance to…
Verve Welcomes First Francophone Merchant Aggregator, Targets 40 New Operators
Africa’s payment technology Verve International has welcomed its first francophone e-commerce and merchant…
Inside Safaricom Top Executive Shake-Up
More than half of Safaricom’s executives have quit the telco over the past two years; allowing CEO Peter Ndegwa…
Suppliers Plan Class Action Over Sh574Bn Unpaid Bills
Government suppliers are planning to file a class action suit over arrears owed by parastatals, ministries,…