Commercial Banks in Nigeria Seek Central Bank Liquidity Amidst Increasing…
Commercial banks and merchant banks in Nigeria are turning to the Central Bank of Nigeria (CBN) for liquidity,…
Nairobi Stock Exchange Sees 50% Plunge in Investor Wealth in 2 Years”
Investor wealth in the Nairobi Securities Exchange (NSE) has been cut in half since reaching its record high…
Kenya Re to Exit Indian Market Amid Heavy Losses from Agricultural Sector
Kenya Re, one of Kenya's leading reinsurance companies, is planning to exit the Indian market due to increased…
Rwanda’s Bus Shortage Fuels Unregulated Alternatives, Raises Concerns of…
The ongoing shortage of public buses in Rwanda has led to a host of issues for commuters, prompting the emergence…
Surprising Surge: Kenyan One-Year Treasury Bill Interest Rates Spike to 14%…
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during…
Credit Bank PLC Set to Make a Splash on Nairobi Securities Exchange, Aiming to…
In a bold move marking a significant shift on the financial horizon, Credit Bank PLC has announced its upcoming…
Kenyan Fintech Zanifu Bags $11.2M in Pre-Series A Round to Supercharge MSMEs with…
In a groundbreaking stride, Kenyan fintech powerhouse Zanifu has clinched a monumental $11.2 million in a…
Cape Town’s VC Powerhouse HAVAÍC Deepens Investment in RapidDeploy’s…
Venture capital juggernaut HAVAÍC, headquartered in Cape Town, is making waves again. Fresh off their…
Revolutionary Fundraising Blitz: RH Managers Spearheads R2-billion South African…
Johannesburg-based private equity and infrastructure powerhouse, RH Managers (RHM), is igniting a fervent…
AIIM and N+ONE Partner to Drive Pan-African Data Center and Cloud Services…
African Infrastructure Investment Managers (AIIM) and N+ONE DATACENTERS are collaborating to establish a…
Nigeria Loses 400,000 Barrels of Crude Oil Daily to Theft Despite Efforts to Curb…
Despite ongoing efforts to combat crude oil theft, Nigeria is still losing around 400,000 barrels of crude oil…
Nigerian Banks and Listed Companies Fined N125m for Failing to Submit Financial…
A total of eight banks and 18 listed companies in Nigeria have been collectively fined N125 million for their…
Over 88% of Working-Age Nigerians Lack Salary-Paying Jobs: NBS Data Reveals
Recent findings by The PUNCH indicate that a staggering 88.2% of working-age Nigerians are without salary-paying…
Nigerian Economy Suffers N1 Trillion Loss Across 26 Sectors in Q2 2023
The Nigerian economy continues to grapple with challenges as the food, textile, and 24 other sectors face a…
Equity Market Shake-Up: Domestic Investors Steal the Show, Foreigners Left…
The allure of foreign investments in equities has taken a hit due to ongoing macroeconomic challenges, as revealed…
KRA’s Dynamic Move: Real-Time Surveillance on Mobile Money Transactions for…
The Kenya Revenue Authority (KRA) has embarked on a groundbreaking initiative to closely monitor transactions…
Shilling’s Slide Spurs Currency Gains: Tier One Banks Record Substantial…
Tier one banks in Kenya have experienced a noteworthy surge in currency gains, amassing a total of Ksh 14.5…
Pyrethrum Power Surge: Kentegra Biotechnology Secures $15 Million Financing for…
Nairobi-based pyrethrum pioneer, Kentegra Biotechnology, is set to receive a significant boost with a financial…
NBK Reports Ksh 3.84 Billion Loss, Hit by Compensation Payout; KCB Evaluates…
National Bank of Kenya (NBK), a subsidiary of KCB Group, has announced a net loss of Ksh 3.84 billion for the…
Kenya Power Seeks Government’s Help to Convert Dollar Debt Amid Depreciating…
Kenya Power, the country's power distribution company, is actively seeking the assistance of the government to…
Central Bank of Kenya Gains Enhanced Powers to Vet Beneficial Owners and Regulate…
The Central Bank of Kenya (CBK) has been granted expanded authority to scrutinize not only directors and senior…
Access Bank Ghana Reports Strong Half-Year Financial Performance with 65.4% Growth…
Access Bank Ghana has announced robust financial results for the first half of 2023, reporting a significant…
UBA Partners with UNDP to Empower Youth and Women-led MSMEs in Ghana and Promote…
United Bank for Africa (UBA) Plc has entered into a Memorandum of Understanding (MoU) with the United Nations…
Boosting Export Trade: Nigerian Customs Service to Expedite Local…
The Free Trade Zones (FTZs) Committee, focused on reshaping Nigerian Customs Service (NCS) operations, has…
NCC’s Local Content Initiatives Bolster Telecom Sector: Ban on SIM Imports…
The Nigerian Communications Commission (NCC) has revealed that its strategic policies, particularly those focused…
Reviving Tax Amnesty Scheme and Renewed Hope: Nigeria’s Fiscal Policy…
The Federal Government has unveiled plans to reintroduce the national tax amnesty scheme, as revealed in a…
Rising Tide of Financial Fraud: Nigerian Banks Grapple with 24,232 Cases in H1…
Nigerian banks have been besieged by a surge in fraud incidents during the first half of 2023, totaling 24,232…
Manufacturing Sector Unemployment Crisis: A Deep Dive into Nigeria’s…
The Manufacturers Association of Nigeria (MAN) has revealed a concerning decline in the Current Employment…
Naira’s Decline to N910 Sparks P2P Dollar Rush Amid FX Reserves Concerns
In a dynamic market twist, the Nigerian Naira plummeted to as low as N910 against the dollar, later moderating to…
IHS Towers: Naira’s Rollercoaster Ride Costs $31 Million, Revenue Takes a…
The economic landscape takes a twist as IHS Towers, the world's fifth-largest independent TowerCo, reveals a $31…