In 2022, Airlines will Pay an Additional $222 billion for Fuel.
According to the International Air Transport Association, airlines will pay an additional $222 billion for fuel this year. In his…
Architectural Business Cannot Claim Sh1.4 billion from NHIF.
A consultant’s attempt to recover Sh1.4 billion from the National Health Insurance Fund (NHIF) for a bungled deal to build…
Kenya’s Highest and Lowest Paying Industries are Revealed.
The financial and insurance sectors employ the greatest proportion of Kenyans earning more than Sh100,000, indicating an economy with few…
Growth Expectations, Monetary, and Fiscal Policies.
Fiscal and monetary policy are essentially macroeconomic instruments used to control or stimulate the economy. Because the two policies together…
According to the UN, Global Trade will Reach a Record of $32 trillion in 2022.
According to a UN report, the value of global trade is set to set a new record this year, increasing…
Export repatriation: DMBs to Lend N500 billion to Export Firms According to CBN.
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to grant at least N500 billion in loans…
PenCom has Identified 34 Lenders for the Mortgage Scheme.
The National Pension Commission has released a list of 34 mortgage lenders to begin the mortgage scheme’s implementation. This was…
OPEC Forecasts Robust Global Oil Demand Growth in 2023.
OPEC said that it expected robust global oil demand growth in 2023, with potential economic upside from a relaxation of…
UK Inflation Drops from a 41-year High as Fuel Price Surge Subsides.
Inflation in the United Kingdom came in slightly lower than expected in November, at 10.7%, as lower fuel prices helped…
Nigerians Abroad with Expired Passports are Permitted to Return – NIS.
The Nigeria Immigration Service declared that travellers returning to Nigeria may enter the nation using a Nigerian passport that has…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a Decade.
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming year is looking…
CBN Allocates N10 trillion to Manufacturers.
Aishah Ahmad, Deputy Governor, the Financial System Stability Directorate, Central Bank of Nigeria, has expressed concern about the poor repayment…
US Pledges to Invest $55 billion in Africa before the Summit.
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of…
UK Jobless Rate Increases, but Salary Growth Worries the Bank of England.
The unemployment rate in Britain increased for a second month, and as the economy struggles, some of the inflationary heat…
Nigeria Rescinds the COVID-19 Examinations for International Travellers.
The COVID-19 testing requirement for international travellers was lifted by Nigeria on Monday, 12th December 2022 and wearing a mask…
The IMF Claims that Global Debt is Still Significantly Higher than Pre-pandemic Levels.
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross domestic…
Britain prepares for Strike Action as Nurses Walk Out.
The largest wave of industrial action to hit the nation in decades will hit Britain as nurses strike, putting additional…
NNPC Increases the Number of Major Marketers to 27
As part of efforts to address the country’s persistent fuel shortage, the Nigerian National Petroleum Company Limited increased the number…
Absa Says Africa’s Top Investment Destinations Includes Tanzania.
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory environment, sound…
Kenya’s Centum Pays Dollar Loans to Cut Costs Over a Weak Shilling.
Investment company Centum intends to pay off its dollar-denominated debt soon in order to avoid increasing finance costs on hard…
MRS SubsidIary’s $300m Purchase Of Chevron Oil Block From NNPC Allows For The Supply Of 8,000 Crude Oil Barrels Per Day In Five Years.
Nigerian National Petroleum Company Limited (NNPCL) will supply 8,000 barrels of crude per day for four to five years using…
Yellen Predicts that by the End of 2023, US Inflation will be Significantly Lower.
Barring an unexpected shock, U.S. Treasury Secretary Janet Yellen predicted a significant decline in inflation in the country in 2023.…
Bloomberg Report: The Ghana Cedi Gains the most against the US Dollar.
According to Bloomberg, as Ghana begins restructuring domestic debt, the Ghana Cedi posted the largest gain against the U.S. Dollar…
Equity, NCBA fight over Sh160 million Nairobi Property.
In a legal dispute over a building in Nairobi that the two lenders claimed to have financed at a cost…
South Africa’s Aspen gets $30 mln Grant from Bill Gates Foundation to make Vaccines.
Aspen Pharmacare (APNJ.J) has wrapped up pacts to secure funding of $30 million from the Gates Foundation and the Coalition…
Super Central Bank Week Pressures Crypto Market.
Following its last six significant rate increases in 2022, the US Federal Open Market Committee (FOMC) declared that it would…
Beyond Capital Ventures Declares Groundbreaking Final Close of Venture Fund
On April 30, 2021, Beyond Capital Ventures was established with the goal of making investments in early-stage businesses in India…
TLG Plans Venture Debt Deals in Future Africa’s Portfolio.
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture capital firm…
Mobility Fintech, Moove, Raises $30mln from Debut Sukuk for UAE Expansion.
In order to fund the construction of the largest EV ride-hailing fleet in the MENA region, Moove, the first mobility…