Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has continued to…
Category: Business
Kenya’s Eurobond Rose By 0.86 Per Cent
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western…
Ukraine: Russia Doubles Interest Rates As Rouble Falls
Following the 30 per cent fall of the rouble amid Western sanctions, the Bank of Russia said, on Monday, that…
New Name And New Owners For Kagiso Asset Management
Twenty-year-old Kagiso Asset Management is now Camissa Asset Management. The company changed its name following corporate restructuring, which saw staff…
Company Income Tax Dropped By N124.71Bn In 2021 Q4 -NBS
Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in…
Treasury Targets Sh50 Billion From March Bond Sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of securities that…
Kenya Set Date To Unveil Flying Taxis
Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of…
After Alphabet’s Stock Split, Amazon And Others Look Ripe To Split Shares
Alphabet GOOGL+4.00% recently announced it is splitting its stock. It probably won’t be the only company to do so in the short term—and…
Five Digital Products Propelling MTN Towards Tech
MTN has been growing alternative sources of revenue outside voice, maintaining an accelerated growth trajectory, with massive adoption of its…
NGX Loses N21 Billion As Investors Initiate Cautious-Trading
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 8…
Advans Partners Axa Mansard To Launch Micro-Health Insurance Products
Advans La Fayette Microfinance Bank said it launched a micro-health insurance product in partnership with AXA Mansard, aimed at facilitating…
Ted Baker Fourth-Quarter Sales Jump 35%
Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and party wear remained strong…
Tesla Get Another Lawsuit From Ex Worker Over Racism
A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting…
Hybrid Work Trend Drives PC Maker Lenovo’s Q3 Profit To Record 62% Growth
Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group (0992.HK), the world’s biggest maker…
Trademark War: Court Rejects Coca-Cola’s Request
The Federal High Court sitting in Kano has refused to grant an interlocutory injunction sought by the Coca-Cola company seeking…
UK Boosts Access To Finance For Women-Owned Businesses And Clean Energy Projects In Nigeria
A new £74 million (41.6 billion Naira) financial package from the UK will support women entrepreneurs across Nigeria, who are…
Oil Prices Near $100 A Barrel Amid Russia-Ukraine Crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The…
Investigation Claims Credit Suisse Handled Dirty Money
Credit Suisse handled billions of dollars in dirty money for decades, an international media investigation based on a massive data…
Electricity Gulps 50% Of MSMEs’ Profits, Says NCEEC
The National Centre for Energy Efficiency and Conservation, University of Lagos, has said electricity consumes about 50 per cent of…
‘Only 10% Of Nigerian Farmers Engage In Mechanised Farming’
The National Chairman of Tractor Owners and Hiring Facilities Association of Nigeria, Danladi Garba, on Wednesday, lamented that only 10…
Flutterwave Now Worth Above $3bn After Securing Fresh $250m Funding
Flutterwave says it has raised another $250 million in Series D funding, valuing the company at over $3 billion as…
Ericsson Shares Fall 9% On Iraq Corruption Probe
Shares of Ericsson fell 9% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that…
Facebook To Pay $90 Million To Settle Privacy Lawsuit
Facebook agreed to pay $90 million to settle a decade-old privacy lawsuit accusing it of tracking users’ internet activity even…
Inflation Hits Louis Vuitton, Price Tags Going Up
Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation…
Virgin Galactic Stock Rises As Spaceflight Ticket Sales Open With $150,000 Deposit
Space tourism company Virgin Galactic announced Tuesday that it will open ticket sales to the public on Wednesday, requiring a…
BOI Raises €700m Eurobond To Help Businesses With Financial Supports
The Bank of Industry (BOI) has raised a €700 million eurobond to provide funding for the growth of businesses in…
Nigeria’s Inflation Rate Drops To 15.60% In January
The consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022. This is 0.87 percent points…
Russia’s Yandex Eyes $6.5 Bln Annual Revenue In 2022 After FY Profit Slip
Russian internet giant Yandex on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects…
Intel Buying Israeli Chipmaker Tower Semiconductor For $5.4 Billion
Intel Corp signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, as Intel…
Insurance Firms Earned N630.36bn, Paid N238.05bn Claims – NAICOM
Insurance companies in the country earned N630.36bn premium in 2021 and paid N238.05bn as claims, the National Insurance Commission said…