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The African Development Bank (AfDB) has successfully launched and priced a new $2 billion five-year Social Benchmark bond, maturing on September 18, 2029.This issuance coincides with the bank's 60th anniversary and marks its second USD Global Benchmark for 2024 following the 3-year USD 2 billion social benchmark transaction issued in January.The bond features a fixed coupon of 3.500%, paid semi-annually…
Ivory Coast has become Nigeria's biggest trade partner following the importation of crude oil worth N2.5 trillion in the first half of this year. This is according to the latest data released by the National Bureau of Statistics (NBS).According to the data, Nigeria's crude oil exports to Ivory Coast has been on a steady increase since 2020. During that period,…
The Nigerian government has unveiled plans to generate an annual revenue of at least $100 billion through the creative industry. The plan was unveiled by the Minister of Arts, Culture and Creative Economy, Hannatu Musawa at a roundtable for local and international investors.Musawa noted that the creative and entertainment industry in Nigeria has the potential to generate more than the…
A 20-member high-level business delegation from Tunisia is currently in Nigeria for…
A strike action by workers at Kenya's main international airport has led…
Nigeria's government has opened applications for the ₦100 million AI project funded…
Africa, with its vast and diverse markets, presents a plethora of untapped…
Bitcoin traders are celebrating "good news" as the price of Bitcoin (BTC)…
Egypt’s jewellery and precious stones exports increased by 118% from January to July to reach $1.526 billion, compared with $ 700 million in 2023, according to the…
The European Union has pledged to give South Africa two grants worth…
Somalia said it would follow through on its threat to punish organisations that label Somaliland or act as if it were an independent region. Authorities say…
Following the Central Bank of Nigeria's directive in March, which increased the…
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The Nigerian government has unveiled plans to generate an annual revenue of at least $100 billion through the creative industry. The plan was unveiled by the Minister of Arts, Culture…
