KENYA: In January, Investors’ Wealth At The Bourse Decreased By Sh24.4…
The Nairobi Securities Exchange (NSE) saw a loss of Sh24.45 billion in investor value in January, which is a…
KENYA: As Mortgage Rates Increase, Home Values Drop By The Most In Four Years.
Due to an excess of housing and expensive bank loans, house prices fell by the largest margin in the three months…
Elon Musk Releases Starlink in Nigeria At A Discount
Nigeria is the first nation in Africa to benefit from Elon Musk's satellite business, SpaceX, which is now open to…
Reps Drop The N22.7tn Loan Proposal And Approve The Borrowing Of N1tn
The President's requests for Ways and Means Advances from the Central Bank of Nigeria were partially accepted by…
Addax’s Property Is Acquired By NNPCL.
After fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have…
After The Deadline, Banks Would Still Accept Old Notes — Emefiele
Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the…
KENYA; Local Rice Millers Object About The Window For Duty-Free Imports Being…
The importation of the good during the duty-free window has been blocked, and local rice millers have criticized…
UGANDA: Due To Costly Imports, Egg Prices Will Increase.
Kenyan consumers are paying more for eggs as the price of the commodity shoots to a high of Sh450 a tray from…
Diesel prices rise 182.6% in a year as a result of high energy costs.
The cost of energy supply has continued to take a depressing toll on Nigerians with the average retail price of…
First female CEO for UBA’s operations in Africa is appointed.
The board of Directors of the United Bank for Africa Plc, has appointed Mrs Abiola Bawuah, as chief executive…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, "Nigeria's sovereign-risk premium jumped the most in three months after Moody's Investors…
Nigeria’s New Naira: Racketeering Thrives In Abuja And Other States
In Abuja, the nation's capital, Lagos, Anambra and other states, black marketers were observed selling the new…
AFDB is Planning a $1.5 billion Food Facility For Nigeria And Other Countries
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support…
Africa50 Completes Financing for the Senegalese Power Facility.
The co-developed 120 Megawatt power plant in Malicounda, Senegal, which cost €154 million to complete, was…
PENGASSAN intends to Crack Down on Marketers for N650 Gasoline.
The Petroleum and Natural Gas Senior Staff Association of Nigeria raised the alarm that their findings showed that…
Norfund and 54 Funding Provide SAMANU with Growth Capital.
SAMANU is a platform firm that competes in the primary FMCG sub-sectors in Ethiopia with well-known brands (Tena…
Contributory Pension Assets Increased to N14.9 trillion.
The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from…
Classera Generates $40 Million Funds And Plans to Expand in Africa
The largest Series 'A' investment in EdTech history for an unfunded startup was successfully completed by…
Baker McKenzie Appoints Partners for its Corporate Practice in Africa.
Three renowned transactional attorneys have joined the Johannesburg office of a major international law firm,…
AfricInvest Purchases a Small Investment in Justrite.
An African private equity company, AfricInvest, has acquired a small share in the Justrite supermarket chain in…
ECOWAS Adopts New Regulations for the Regional Electricity Market.
The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical…
The Kenyan Central Bank Maintains its Benchmark Lending Rate at 8.75%.
The monetary policy committee of Kenya's central bank maintained the country's benchmark lending rate at 8.75%,…
Central Bank of Nigeria Recovers N1.9 trillion Following Naira Redesign.
The United Nations has said the Nigerian economy will grow to three percent in 2023 because of robust commodities…
IMF Forecasts 3.2% Economic Growth in Nigeria.
According to the International Monetary Fund, actions taken to alleviate insecurity in the oil sector will cause…
The CBN Has Agreed To Extend Exchanging Old Naira Notes By Ten Days.
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the…
India’s Adani Dollar Bonds Hit Lowest Since November.
Dollar bonds issued by subsidiaries of the Indian conglomerate Adani Group fell after a scathing report by a…
Banks’ Percentage of Consumer Loans Reaches 29.13%.
By the end of December 2022, the maximum loan rate in the banking industry was 29.13% while the return on savings…
Ghana Agrees to a Domestic Debt Swap in a Deal with Insurers.
Ghana has made progress toward finishing its initiative, a crucial component in reestablishing economic stability…
EU Allocates $102.5 million for Humanitarian Aid to Nigeria and other Countries
According to the European Union, the humanitarian aid of €102.5 million will support Nigeria and other nations in…
United States Denies Access to People who are “undermining” Nigerian…
Prior to this year's elections in Nigeria, the US announced that it is limiting entrance to those "believed to be…