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Nigeria imposes $220 million penalty on Meta and WhatsApp
The Federal Competition and Consumer Protection Commission (FCCPC) has imposed a fine of $220 million penalty and $35,000 on WhatsApp and other Meta platforms over data discrimination practices in Nigeria.This followed an investigation into alleged violations of data protection and consumer rights by Meta and WhatsApp.A three-member panel, led by Thomas Okosun, passed the verdict on Friday, ordering Meta to…
Egypt to make debt conversion deals with China
China has discussed with Egypt about the possibility of turning some of Egypt's foreign debt into interest-free loans for economic projects.The talks were revealed after a high-level meeting on April 23 between Chinese Ambassador to Egypt, Liao Liqiang, and Egypt’s Minister of Investment and External Trade, Hassan El-Khatib. The debt conversion proposal is intended to ease Egypt’s financial burdens while…
Tanzania imposes new import ban on South Africa and Malawi
Tanzania has announced a ban on the import of agricultural products from South Africa and Malawi.The ban, which took effect at midnight on Wednesday, was declared by Tanzania's Agriculture Minister Hussein Bashe, who said the move was in retaliation for similar restrictions imposed on Tanzanian exports.Tanzania, Malawi and South Africa all belong to the Southern African Development Community, SADC.Speaking via…
Nigeria, South Africa sign new MOU to boost mining industry
Nigeria and South Africa have entered into a Memorandum of Understanding (MoU)…
PwC shuts down operations in 9 African countries
PwC has shut down its operations in nine Sub-Saharan African countries following…
Nigeria’s inflation hits 24.23%, up from 23.18% in February
The National Bureau of Statistics (NBS) has disclosed that Nigeria's inflation rate…
CBEX Collapse: CBN and SEC to crackdown ponzi schemes
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission…
Nigeria targets regional trade integration with new ECOWAS Tariff order
Nigeria has approved and transmitted the ECOWAS Schedule of Tariff Offers for…
Lesotho grants new operating license to Elon Musk’s Starlink
Lesotho has issued a license to Elon Musk's Starlink for the operation…
CBK approves Access Bank’s new acquisition of National Bank
The Central Bank of Kenya has approved the Access Bank's acquisition of…
Afreximbank to invest $300m in Nigeria’s export manufacturing
The African Export-Import Bank (Afreximbank) has announced plans to invest $300 million…
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Nigeria imposes $220 million penalty on Meta and WhatsApp
The Federal Competition and Consumer Protection Commission (FCCPC) has imposed a fine of $220 million penalty and $35,000 on WhatsApp and other Meta platforms over data discrimination practices in Nigeria.This…
