Equity Recovers 90pc of Covid Restructured Loans.
In order to demonstrate the sustained recovery of the economy despite additional shocks from high inflation, Equity Bank’s debtors who…
Category: Market
FG Calls for Closer Ties with Canada to Advance both Countries’ Trade Objectives.
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared objectives, including enhancing…
Interest Rates for Borrowers will Increase at Equity Bank starting in January – Kenya.
In January 2023, Equity Group intends to completely begin pricing loans according on the risk profiles of borrowers. Noting the…
Kenya Treasury to Issue New Bonds in Exchange for the Sh87 billion Debt.
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth…
Excess Crude Account Decreases by 89% to $472,513.
In the previous eight years, Nigeria’s surplus crude account has decreased by 89%, from $4. 1 billion in November 2014…
Fed Insiders Anticipate Small Rate Increases to Occur Soon.
The Federal Open Market Committee, which sets interest rates, is largely expected to reduce its rate hike in December from…
Buhari Unveils New Naira Notes at Aso Rock.
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General Muhammadu…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the freshly designed N200, N500, and N1000.…
Revised Capital Market Master Plan will be Unveiled by the Finance Minister.
The Revised Capital Market Master Plan, which is anticipated to serve as the roadmap for the capital market over the…
According to the ILO, Global Unemployment is Worsening.
According to the latest edition of the International Labour Organization Monitor on the World of Work, unemployment and inequality will…
Oil Increases as Saudi Comments overcome Economic Worries.
Oil increased as the top exporter Saudi Arabia indicated OPEC+ was continuing to output curbs and might take more measures…
Inspired Evolution wins AfDB commitment for Fund III.
The African Development Bank Group’s Board of Directors today approved a $20 million equity investment in Evolution Fund III, a…
Helios Invests in Many Data Centres Across Africa and Hires a New MD.
For an unknown price, Helios Investment Partners (Helios) has entered into agreements to purchase the majority shares in Maroc Datacenter…
The World Population will Surpass 8billion, with India Surpassing China.
World Population Prospects 2022, published on World Population Day, estimates that the world’s population would reach 8 billion people on…
Kenyan Businessmen Pay Exorbitant Prices for Ethiopian Miraa for the Somalia Market.
As high prices in Kenya drive them to give up the local crop, Miraa dealers have moved to Ethiopia as…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost of…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria’s first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC) after the…
FG Charges 16 Foreigners with Oil Theft and Detains the Vessel.
16 foreigners have been charged by a Federal High Court in Port Harcourt, Rivers State, with offenses that include conspiracy,…
Egyptian Fintech Equity and Financing Round Led by EIIC and Sawari
The Egyptian finance firm, Blnk, formed in 2021 by Amr Sultan and Tarek Elsheikh, has revealed that it has earned…
Helios Invests Expansion Money in IXAfrica.
Helios Investment Partners, the top private investment company with an emphasis on Africa, and IXAfrica Data Centre Limited, a leading…
Quona Capital Closes a $332 million Fund to Finance Fintech Businesses in Developing Nations.
Quona Capital, a venture capital firm, has announced that Fund III, its third fund, has reached its final closure at…
To Further its Worldwide and African Development, Yassir Gets $150 million in Series B.
Yassir, an Algerian super-app with a San Francisco headquarters that provides financial and on-demand services, has concluded a $150 million…
Buyoya Promoted to be IFC’s Regional Director for West Africa.
Olivier Buyoya has been appointed as the new regional director for the International Finance Corporation (IFC) in West Africa. Buyoya,…
Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into Account.
In order to extend loans at an acceptable price, the Central Bank of Kenya (CBK) has urged lenders to take…
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla (TSLA. O) CEO will…
In October, Inflation Reached 40.4% In Ghana.
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion Liability.
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the Healthcare Field in Africa.
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its subsidiary CFAO SAS (“CFAO”) has founded Health54 SAS (“H54”), a corporate venture…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV) potential, private equity company RMB…