Browsing Category
Africa
Sub-Saharan Africa Most Expensive Globally To Send And Receive Money
The cost of remittances in sub-Saharan Africa was the highest, averaging 8.17 percent in the fourth quarter of 2020…
African Currencies Week Ahead: Kenyan, Ugandan And Zambian Units Seen Under…
NIGERIA - Nigeria's currency is seen closing range-bound within 408 naira to 412 naira per dollar next week,…
Africa’s Oil Conference Set To Leave Cape Town For Dubai In 2021
Africa Oil Week, the continent’s annual industry conference, may relocate to Dubai this year from its traditional…
African Financing Faces Mounting Challenges
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing…
World Bank’s IFC To Invest $2 Bln To Support Africa’s Recovery
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support small…
Mobile Money Is Helping Airtel Africa And Its Rivals Bounce Back From Covid-19
Mobile money is providing a much-needed revenue buffer against disruptions from the coronavirus pandemic for…
Ghana Markets Regulator Says Local Stocks May Add To 30% Gains
Ghana stocks may extend gains in 2021 of more than 30%, snapping three years of declines, as falling returns in the…
Air Cargo Business Surges As African Airlines Record 24.6% Demand Spike
The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing…
Actis Plans To Double Africa Energy Investments To $2 Billion
Actis LLP, a London-based private equity firm focused on emerging markets, plans to finalize deals on six African…
Nigeria Beams Searchlight On Vessels From India, Brazil, South Africa
To curtail the import of COVID-19 to Nigeria through the seaports, the Federal Government has begun plans to give…
Meet The Nigerian Running To Be Mayor Of London, Nims Obunge
This Thursday 6 May, Londoners will head to the polls to elect a mayor. In the ranks of the hopefuls is Nims…
African Trade Finance Outflows To Hit $5b
Constrained global financial conditions caused by COVID-19 have led to massive portfolio outflows from Africa,…
Okonjo-Iweala: COVID-19 Vaccine Nationalism, Export Restrictions Threat to Africa
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday deplored increasing…
ADQ To Acquire Egypt’s Amoun Pharmaceutical Company
The UAE’s ADQ, one of the region’s largest holding companies plans to acquire Amoun Pharmaceutical Co. from…
SaltPay To Acquire Apis Partners-Controlled Tutuka; PE To Swap Stake
European payments firm SaltPay has inked a deal to acquire South Africa-born third-party payments enabler…
Airtel Africa Sells $200M Mobile Money Business Stake To TPG’s Rise Fund
In February, London-listed telecom Airtel Africa said it was looking to sell a minority stake in its mobile money…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services…
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat…
SSA Holds Nearly Half Of Global Mobile Money Accounts
There are more mobile money accounts in Sub-Saharan Africa (SSA) than in any other region in the world in 2020. The…
Court Bars Federal Government From Blocking SIM Cards On April NIN Linkage…
A Federal High Court in Lagos State has barred the Federal Government from blocking SIM cards not linked to…
Needless Tenure Elongation Of Federal Appointees
The Muhammadu Buhari administration has triggered yet another needless, distracting controversy…
Africa Prudential Plc Declares N1 Billion Dividend For Shareholders
Africa Prudential Plc— A digital Technology and Investor Services firm listed on the Nigerian Stock Exchange—held…
Africa Is Ripe With Enough Innovation To Finance Its Future
If anything would increase a country’s chances of attaining economic independence, it is financial inclusion. With…
Nigeria: Devastating Floods Loom, NIHSA Warns Govt, Citizens
The Nigeria Hydrological Services Agency on Wednesday advised the three tiers of government and citizens across the…
Elumelu: Entrepreneurship Key To Africa’s Sustainable Growth
The Founder of the Tony Elumelu Foundation (TEF), Mr. Tony O. Elumelu, has reiterated that equipping young people…
Flourish Ventures Opens Up New Office In Nairobi, Kenya To Support African Fintech…
The African fintech startup scene is set for a boost after Flourish Ventures, a global fintech venture capital…
FMO Renews Commitment To Emerging Africa Infrastructure Fund
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), today announced that it…
Valar Ventures Makes First Investment In Africa With Neo Bank Kuda
Launched in 2016 as lending platform Kudimoney, Kuda rebranded in June of 2019 and received a banking licence from…
First Green Energy Project In Burkina Faso For EAIF
The West African country of Burkina Faso is to get a new large-scale renewable energy plant, it was announced…
Rise Fund To Invest $200 Mln In Airtel Africa’s Mobile Money Business At…
Telecommunications and mobile money services provider Airtel Africa said it signed an agreement under which The…
RisCura Launches Impact Fund-Of-Funds For South Africa
Purpose-driven investment firm RisCura is applying its institutional investment experience to impact…