Tanzania: Businesses are Cautiously Optimistic About 2023.
The business community is cautiously optimistic about the economic environment in 2023. They think the future is promising, but only…
Musk Shatters the Record for the Largest Personal Wealth Loss.
Elon Musk, the Tesla CEO, has a record in the Guinness Book of Records for losing $165 billion of his…
Ruto Delays Construction of Kenya Uhuru’s Priciest Road.
The Sh160 billion Mau Summit highway project has been suspended by President William Ruto, sending contractors and investors of Kenya’s…
Kenya: The Majority of NSE Companies do not Pay Dividends.
In the most recent financial year cycle, almost half of the Nairobi Securities Exchange (NSE) listed companies did not pay…
Nigeria: Group Tackles FG on $1bn Ogoni Clean-up.
The federal government has been charged by the Movement for the Survival of the Ogoni People with being dishonest in…
Following a Fed Inflation Nudge, Global Shares Decline.
The first decline in global shares in three days occurred as a result of remarks made by two Federal Reserve…
Export-related Loans Reached N44 billion.
The intervention funds allocated by the Central Bank of Nigeria under its Export Facilitation Initiative increased to N44. 58 billion…
Rivers Community Discovers Illegal Crude Oil Pipeline.
Authorities in Rivers State’s Tai Local Government Area claim to have found a pipeline that illegal refineries used to steal…
Nigerian Passport Drops 38 Spots in the World Ranking.
In a ranking of all passports over the past 17 years, the Nigerian passport has dropped 38 positions. From 62nd…
Nigerian FG Distributes N173 billion for a Consistent Fuel Price.
According to information obtained from the Federal Ministry of Petroleum Resources, the Federal Government spent about N173. 2 billion between…
Latest Updates on the Worlds Largest Crytocurrency- Bitcoin.
Despite a 5% increase to $871 billion since January 1 and a decline of more than 57% from this time…
American Banks Prepare for a Recession and Declining Profits.
Despite lenders stockpiling funds for rainy days in anticipation of an economic slowdown that is wreaking havoc on investment banking,…
Nigeria Selects 139 Companies to Commercialize Gas Flaring.
Nigeria, the largest economy in Africa, has been attempting to capture the gas emitted from its oil fields for export.…
Why Nigerian Ships are Unable to Lift Crude-Ex-COMD-NNPC.
According to Kon Bob-Manuel, a former general manager of shipping and terminal operations for the Nigerian National Petroleum Corporation’s crude…
Nigeria FG Orders NNPC to Lower Fuel Prices.
According to Chief Timipre Sylva, the Minister of State for Petroleum Resources, the Nigerian National Petroleum Company Limited is selling…
Airtel Receives a 5G License, and Mafab Starts Testing.
In order to deploy a fifth-generation network, Airtel Networks Limited has paid the Nigerian Communications Commission $316. 7 million for…
Nigeria Records N170.2 Trillion In Foreign Trade In 5 Years.
According to analysis of National Bureau of Statistics (NBS) reports, trade between Nigeria and other nations reached N170. 265 trillion…
Nigeria Misses 70% Vaccination COVID-19 Goal.
Despite efforts on the part of the federal government to fully immunize 55.3 percent of the country’s eligible population against…
CBN: Banks are free to use ATMs to Pay Any denomination.
The Central Bank of Nigeria (CBN) may have rescinded its earlier order prohibiting banks from loading higher denomination banknotes into…
Microsoft Plans to Invest $10 billion in ChatGPT Owner.
Microsoft Corp. (MSFT. O) is in discussions to invest $10 billion in OpenAI, the company that owns ChatGPT a chatbot,…
Ventures Platform Fund Exceeds $40 million Goal.
Ventures Platform, a pan-African venture capital firm that supports the next generation of African technology entrepreneurs, closed its early-stage and…
TLG and UGFS: First Close for Tunisia-based Empower Fund.
The Empower Fund, created by the CDC Tunisia, has announced its first close, according to UGFS and TLG Capital. The…
Sahel Capital Withdraws its Investment in L&Z Farms.
According to a statement from L&Z Integrated Farms Limited, an integrated dairy processing business in Nigeria, Sahel Capital has left…
Plension Capital Firm Launches and Discloses First Transaction.
Plesion Capital announced its establishment as a social impact venture capital company dedicated to collaborating with entrepreneurs and businesses with…
SPE Capital Purchases the Majority of Vital to AIF I’s portfolio.
SPE Capital, an investment company with a focus on Africa and the Middle East, announces the acquisition of a majority…
Tanzania: Oil Traders Forecast that Local Gasoline Prices will Stabilize 2023.
The year 2023 began with petroleum products moving in a variety of directions, predictions for the stability of fuel prices…
Ghana’s Currency Depreciates Further Against the US Dollar.
Despite performing admirably over the past month, the Ghana cedi is now starting to lag behind the US dollar. According…
Kenya: Bondholders Bid Sh39 billion at the Switch Auction.
The switch auction, which closed on November 30, 2022 was largely occupied by holders of the two-year bond that matured…
LCCI Requests that the Nigeria FG Changes the Petroleum Profit Tax Act.
The Petroleum Profit Tax Act has been requested to be amended to include the same clauses as Section 104 of…
Tax Experts Disagree with The ASUU’s 10% Education Tax.
To pay for the infrastructure in Nigeria’s universities, ASUU President Prof. Emmanuel Osedeke recently proposed raising the education tax from…