Afreximbank to invest $300m in Nigeria’s export manufacturing
The African Export-Import Bank (Afreximbank) has announced plans to invest $300 million into export manufacturing projects across four Nigerian states: Cross River, Imo, Enugu, and Kano. Afreximbank President, Prof. Benedict…
MTN plans second public offer in Nigeria
MTN Group President, Ralph Mupita, has announced that the company is planning a second public offer in Nigeria, by reducing its shareholding in MTN Nigeria once it returns to profitability.…
Egypt embarks on new reforms to shield economy
Egypt is embarking on a new phase influenced by the consequences of recent U.S. decisions to implement tariffs, which may lead to potential inflationary pressures and a global economic downturn…
Nigeria’s private sector confidence rises
Nigeria’s private sector continues to show signs of resilience as the Central Bank of Nigeria’s (CBN) latest report announced that the country’s Purchasing Managers’ Index (PMI) rose to 52.3 points…
Nigeria signs new deal with China to boost power supply
Nigeria has signed a new $328.8 million deal with Chinese firm, China Machinery Engineering Corporation (CMEC), to boost power supply.The agreement covers Engineering, Procurement, Construction, and Financing (EPC+F) for the…
ECOWAS to promote regional development with new financial package
The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has sanctioned a financing package totaling €230 million and $10 million to promote socio-economic advancement and regional…
US faults Nigeria’s ban on importation of 25 goods
Nigeria's ban on 25 specific product categories is affecting U.S. exporters, especially in sectors such as agriculture, pharmaceuticals, beverages, and consumer goods, as stated by the United States Trade Representative…
CBK launches new framework for green finance taxonomy and climate risk disclosure
The Central Bank of Kenya (CBK) has introduced the Kenya Green Finance Taxonomy (KGFT) and the Climate Risk Disclosure Framework, toward aligning the country’s banking sector with climate action goals.Building…
DMO opens new April 2025 savings bond at 17.046%
Nigeria's Debt Management Office (DMO) has officially announced the opening of subscriptions for the April 2025 Savings Bond. The bond presents highly attractive interest rates for investors. Retail investors can…
MTN partners Synamedia to launch new streaming platform in Africa
MTN Group, the largest mobile operator in Africa, announced on Monday that it has formed a strategic alliance with UK-based video software company Synamedia to create a new streaming platform…
