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Nigeria set to rollout $2bn fibre network in Q4 2025
Nigeria’s digital economy is set to begin the rollout of a $2 billion fibre optic network in the fourth quarter of 2025. Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, revealed this in a recent interview, saying the 90,000km fibre project will bring affordable, high-speed internet to even the most remote parts of the country.The initiative, known as…
CBN pegs interest rate at 27.5% in its latest MPC meeting
The Central Bank of Nigeria CBN has retained the interest rate at 27.5%, following following its 300th Monetary Policy Committee (MPC) meeting held in Abuja. Also at the meeting, the apex bank maintained the Asymmetric Corridor at +500/-100 basis points around the MPR while the Cash Reserve Ratio (CRR) was held at 50% for Deposit Money Banks and 16% for…
Ramaphosa seeks improved US-South Africa ties
South Africa’s President Cyril Ramaphosa plans to discuss business opportunities for Elon Musk’s companies during a visit to Washington this week aimed at mending relations with U.S. President Donald Trump.Trump has aimed at South Africa during his second term, citing disapproval of its land reform policy and its genocide case against U.S. ally Israel before the International Court of Justice.His…
Nigeria’s FX reserve hits first steady climb since January
Nigeria's external reserve has maintained a steady rise this year, rising to…
Sun King to expand off-grid solar power with new $80 million facility
Sun King has secured an $80 million loan to accelerate its efforts…
Rwanda Central Bank pegs lending rate, now 6.5%
Rwanda’s central bank kept its policy rate unchanged at 6.5% in a…
Petrobas pursuing a return to Nigerian oil market
Brazil's state-run oil company Petrobras is actively pursuing a return to Nigeria's…
Nigeria’s inflation eases in April, now 23.71%
Nigeria’s inflation rate slowed slightly in April 2025, offering some relief to…
Liberia launches new five year strategic plan
The Central Bank of Liberia (CBL) has revealed its Strategic Plan for…
IMF terminates Malawi’s loan program after payment of $35 million
The International Monetary Fund, IMF, has announced the termination of Malawi's $175…
Ethiopia signs new $1.7 billion deal with Chinese firm
Ethiopia has signed a new investment deal worth $1.7 billion to boost…
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Nigeria set to rollout $2bn fibre network in Q4 2025
Nigeria’s digital economy is set to begin the rollout of a $2 billion fibre optic network in the fourth quarter of 2025. Minister of Communications, Innovation, and Digital Economy, Dr.…
