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 Okpella plant, Nigeria,…
Category: Africa
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…
Zimbabwe State Workers Plan Strike To Demand Pay In Dollars, Due to Fall In Local Currency
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in dollars.…
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 tackle drought, administrator Samantha…
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 aggregator, CinetPay into the Verve ecosystem. CinetPay,…
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 who…
Suppliers Plan Class Action Over Sh574Bn Unpaid Bills
Government suppliers are planning to file a class action suit over arrears owed by parastatals, ministries, counties and other State…
Forex Reserves Fall Amid Debt Repayment Pressure
Kenya’s official foreign reserves have fallen to Sh941.5 billion ($7.953 billion) in the week ended July 14; with the import…
IFC Bets Big On Kenyan Banks.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan…
IMF Executive Board Approves a 40-month, US$1,046.4 million ECF Arrangement for Tanzania
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans to disburse $151.7 million immediately.…
Power Supply To Drop Again, TCN Alerts Nigerians
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of planned…
Stakeholders Express Cautious Optimism As NNPC Transits
Stakeholders have expressed cautious optimism as the Nigerian National Petroleum Company Limited (NNPC) transits today; insisting that most of the…
African countries and their inflation rates in 2022.
The world is currently battling with high inflation rate and Africa is not exempted from this experience; with countries on…
Implementation Of The National Development Plan Will Drive Economic Growth – Dayo Obisan
Focusing on the step-by-step implementation of Nigeria’s national development is one of the keys to achieving economic growth in Nigeria.…
Nigeria Is Taxing Poverty – Taiwo Oyedele
Taiwo Oyedele, a Fiscal Policy Partner and Africa Tax Leader at PwC, chided the government for taxing poverty in Nigeria.…
Oil Prices Jump As Soft Dollar, Tight Supplies Support
Oil prices extended gains, propped up by a weaker dollar and tight supplies that offset concerns about recession; and the…
Binance CEO: Africa Ready For Crypto Adoption
Binance CEO Changpeng Zhao has said Africa is ready for crypto adoption. According to Zhao, blockchain provides a level of…
Algeria-Tunisia Border Crossings Reopens After Two Years. 
More than two years after the closure of the Tunisian-Algerian border due to the coronavirus pandemic, on Friday several cars…
Animal-to-Human Diseases On The Rise In Africa, UN Health Agency
Diseases transmitted from animals to people in Africa have jumped 63% in the last decade, compared with the previous ten-year…
African Airlines’ Cargo Volumes Drop By 1.5% In One Year.
African airlines saw cargo volumes decrease by 1.5% in May 2022 compared to May 2021. This was disclose by the…
Zambia Plans To Cancel Over $2 Billion Projects To Rein In Debt.
Zambia is cancelling more than $2 billion worth of projects financed by commercial loans. To reduce the risk of accumulating…
Ghanaian Cedi Drops By A Whopping 30% Against The US Dollar In 6 Months
The Ghanaian cedi has lost 30.56% against the US dollar in 6months. The drop in the Cedi comes despite Ghana’s…
Kenyan Court Freezes Accounts Belonging To Flutterwave, Others Over Alleged Money Laundering
A Kenyan High Court has seized Sh7 Billion ($59 million), from 56 accounts belonging to fintechs including Nigeria’s Flutterwave; stating…
Central African Republic Starts Crypto Hub To Boost Financial Inclusion
To encourage the growth of the regional crypto ecosystem, the Central African Republic (CAR); developing the Sango crypto hub initiative, which is…
CAF To Launch $200 Million African Super League In August 2023.
The Confederation of African Football (CAF) has divulge that the long-promise African Super League which FIFA. They say a $200…
Heirs Underwriters Backs Africans With $30,000 Grant
Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group. Heirs Holdings, have said they will…
NSE Firms Face Costly Dollar Loans As Shilling Weakens- Kenya.
Listed firms are facing higher finance costs as a result of the weakening of the shilling against the dollar. Exposing…
Ghanaian cedi has lost 22% against the US dollar since the start of 2022
The Ghanaian cedi came under pressure after racking up a whopping loss of 22.44% against the US dollar. This comes…
South Africa Extends Fuel Subsidies To August 2022.
To ease the increased oil costs as a result of Russia’s conflict with Ukraine, South Africa wants to extend its…
Optimism rises for increased cocoa yield in Ivory Coast
After a prolonged dry season almost cast doubt over Ivory Coast’s ability to record good cocoa yields during the April-to-September…