Huawei To Invest $150m In Africa’s Digital Talent Development
Huawei has said it plans to invest $150 million in digital talent development over the next five years, which will…
Category: Africa
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects of Federal Reserve…
Africa’s Single Currency Realisable, Says AfCFTA Scribe
The Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Mr. Wamkele Mene, has predicted that Africa would…
African Currencies Week Ahead: Kenyan, Tanzania Units To Remain Steady, Uganda’s Shilling Up
KENYA – The Kenyan shilling is expected to remain steady due to subdued demand for dollars amid a slow market,…
Charts Show Africa’s Set For Higher Interest Rates
Africa’s oldest central bank celebrates its centenary Wednesday just as it started — steering South Africa through an economic crisis.…
West African Regional Bloc Adopts New Plan To Launch Single Currency In 2027
A group of fifteen West African countries have adopted a new road map to launch a single currency in 2027…
World’s No. 2 Cocoa Producer Set For Biggest Crop In A Decade
Ghana, the world’s no. 2 cocoa grower, is headed for its biggest harvest in at least a decade after good…
Trade Between Nigeria, South Africa Hits $2.9b In 2020
Nigeria’s mission in South Africa issues 10,341 passports in 15 months Despite concerns about xenophobia between Nigeria and South Africa, bilateral…
Africa’s Oil-Producing Nations Rally Against Threat To Fossil Fuels
Some African oil-producing nations yesterday opposed what they described as the global conspiracy to shut down the economies of the…
Update 1-South Africa’s Rand Falls After Unemployment Data
The South African rand fell on Tuesday after data showed that the country’s unemployment rate hit a new record high…
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 compared…
African Currencies Week Ahead: Kenyan, Ugandan And Zambian Units Seen Under Pressure
NIGERIA – Nigeria’s currency is seen closing range-bound within 408 naira to 412 naira per dollar next week, despite recent…
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 setting in Cape…
African Financing Faces Mounting Challenges
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing with an eye on filling…
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 businesses in Africa and…
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 Africa’s big telecoms companies, such…
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…
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 that air cargo demand…
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 power projects…
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 special…
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…
African Trade Finance Outflows To Hit $5b
Constrained global financial conditions caused by COVID-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the…
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 COVID-19 vaccine nationalism and restrictions placed…
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 Bausch Health Companies…
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 International Tutuka Holdings Ltd, a…
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 business in a…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services for Nigerians
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned…
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.…
Court Bars Federal Government From Blocking SIM Cards On April NIN Linkage Deadline
A Federal High Court in Lagos State has barred the Federal Government from blocking SIM cards not linked to National…
Needless Tenure Elongation Of Federal Appointees
The Muhammadu Buhari administration has triggered yet another needless, distracting controversy by retaining two top federal public servants in their…