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Africa
Alan Kyerematen Plans to Revitalize Ghana’s Economy
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great!-->…
World Bank’s Managing Director to Embark on Visit to Nigeria
Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day!-->…
NGX Regulation, IFRS, and FRC Nigeria Commits to Sustainability Reporting
The NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have reaffirmed their!-->…
Ghana Cabinet Withdraws 15% VAT on Electricity
The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread!-->…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of!-->…
Delta Air Lines Ranks 11th on 50 Most Admired Companies List
Delta Air Lines has secured the 11th position on Fortune Magazine's prestigious Top 50 Most Admired Companies!-->…
Exit of Burkina Faso, Mali, and Niger Threatens ECOWAS Trade Relations
The potential withdrawal of Burkina Faso, Mali, and Niger Republic from the Economic Community of West African!-->…
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted!-->…
FG to Enforce Sanctions on Vessels Violating Maritime Regulations
During the arrival ceremony of the 'CMA CGM Scandola', the largest container vessel fueled by Liquefied Natural!-->…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in!-->…
Nigerians Express Disappointment on Transportation Cost Despite FGN’s…
Despite the Federal Government's initiative to provide a 50% fare rebate from December 21 to January 4, 2024,!-->…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented!-->…
Nigeria’s External Reserve Declines by $77m- CBN
In December 2023, Africa's largest economy, Nigeria, witnessed a decline in its external reserves, dropping by!-->…
Angola Announces Exit from OPEC Amid Quota Dispute
Angola, the second-largest crude producer in Africa, has officially declared its departure from the Organization!-->…
Kenyan Unit Trusts Increase Annual Returns to Attract Investments Amid Elevated…
Kenyan unit trusts are boosting their annual returns to remain competitive with the heightened rates offered on!-->…
Kenyan Regulator Fines Carrefour Franchise $7.2 Million for Market Power Abuse
The Competition Authority of Kenya (CAK) has imposed a record $7.2 million fine on a Carrefour franchise in Kenya!-->…
Central Bank of Kenya Faces Challenge as it Seeks to Control Government Borrowing…
The Central Bank of Kenya (CBK) is encountering a significant test in its efforts to manage the cost of!-->…
TotalEnergies to Construct 216MW Solar Plant with Battery Storage in South Africa
TotalEnergies (TTEF.PA) announced on Friday its readiness to commence the construction of a groundbreaking!-->…
Nairobi Securities Exchange Sees Continued Wealth Erosion in Q4 Despite Select…
The Nairobi Securities Exchange (NSE) has experienced a prolonged wealth erosion trend in the fourth quarter of!-->…
World Bank Approves $150 Million Project to Create 45,000 Jobs in Kenya
The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET), a $150 million initiative!-->…
Kenya Witnesses Surge in Dollar Deposits as Shilling Weakens
The value of dollar deposits in Kenyan commercial banks has surged by Sh528.56 billion in the first 10 months of!-->…
Niger, Mali, Burkina Faso Explore Political and Monetary Alliance, Signal Shift…
Niger, Mali, and Burkina Faso are considering a political and monetary alliance, as announced by Niger’s military!-->…
Parliament to Conduct Headcount Vote on Approval of 2024 Budget
Parliament is scheduled to undertake a headcount vote on the approval of the 2024 budget on December 7, 2023. The!-->…
Safaricom Introduces Christmas Campaign Allowing Fuliza Loan Repayment with Bonga…
Safaricom has launched a month-long Christmas campaign, "Sambaza Furaha," which includes unique offers for!-->…
Kenyan Court Allows Official Receiver to Seize Cytonn Properties in Liquidation…
The High Court in Kenya has granted permission for the official receiver to take control of three properties in!-->…
Bearish Market Conditions Deter Three Companies, Including Credit Bank, from NSE…
The persistent bear market on the Nairobi Securities Exchange (NSE) has led three companies, including Credit!-->…
Kenyan Tier-1 Banks Increase Loan-Loss Provisions by 45.8% in Q3 2023 Amid…
Summary: Eight tier-1 banks in Kenya, including Equity, KCB, and Stanbic, have collectively increased their!-->…
Court of Appeal Denies East Africa Portland Cement Relief, Upholds Attachment of…
East Africa Portland Cement Company (EAPCC) has faced a setback as the Court of Appeal declined to lift an order!-->…
President Ruto’s Administration Proposes Sale of 11 Parastatals Worth Over…
President William Ruto's administration is taking a significant step towards economic reform by proposing the sale!-->…
Treasury Introduces Regulatory Fee on Online Forex Brokers to Boost CMA Revenue
The Kenyan Treasury, led by Cabinet Secretary Njuguna Ndung’u, has implemented regulatory changes affecting online!-->…