Rwanda Central Bank holds key interest rate despite soaring inflation
Rwanda's central bank has decided to maintain its key interest rate at 6.5% for the second consecutive monetary policy meeting. The bank indicated that, despite a recent increase in inflation,…
Liberia woos investors at 2025 mining summit in South Africa
Liberia is stepping into the spotlight as a rising player in Africa’s mining sector. At the Mining Indaba 2025 in Cape Town, South Africa, the country’s Minister of Mines and…
Nigeria signs new agreement to enhance gas exports to Europe
The federal government has reached an agreement with Algeria and Niger to advance the Trans-Saharan Gas Pipeline (TSGP) initiative, which is designed to enhance gas exports to Europe. Representatives from…
Moroccan firm Somagec signs new agreement to boost energy integration
The Société Maghrébine de Génie Civil (Somagec), Moroccan infrastructure firm has signed a $1.3 billion agreement to build a high-voltage power transmission link between Angola and the Democratic Republic of…
8 ways to stay ahead of inflation and save money
Inflation is significantly impacting the cost of living in Nigeria, with rising prices making it harder for individuals and families to meet their daily needs. According to recent data, Nigeria’s…
Cabinet approves plan to raise duty-free import limit in Kenya
The Kenyan cabinet has approved a plan for an increase in the duty-free import limit from Sh50,000 to Sh250,000.Travellers had previously complained that items would be confiscated if they exceeded…
Namibia lowers key interest rate for fourth consecutive time
The central bank of Namibia has cut its key interest rate for the fourth consecutive month, saying inflation remains subdued and there is room to support the economy.The Bank of…
Brazil’s Petrobas seeks African oil assets to boost its reserves
Brazil's Petrobras is seeking to acquire stakes in oil assets across Africa, particularly in Angola, Namibia, and South Africa, in an effort to enhance its reserves in anticipation of a…
Lagos Court orders KeyStone bank to forfeit its shares
The Lagos State Special Offences Court, Ikeja, has ordered the forfeiture of 6.3 billion shares in Keystone Bank Limited to the Federal Government of Nigeria. The ruling, delivered by Justice…
Raenest raises $11M in Series A funding
Raenest, a Nigerian fintech company with offices in Kenya, has raised $11 million in a Series A funding round to invest in market expansion and product refinement.The round was led…