World Bank approves $2.2B loan to Nigeria for key projects
The federal government will receive $2.2 billion in new loans from the World Bank in 2025, allocated across six significant projects. The lender intends to approve $500 million for the…
EFCC uncovers use of crypto in financing arms importation
The Economic and Financial Crimes Commission, EFCC, has raised alarm over the use of crypto currency in financing illegal importation of arms into Nigeria. The head of the commission Ola…
Egypt, Tanzania target strong financial ties for digital transformation
As part of Egypt’s commitment to deepening ties with African nations, the Central Bank of Egypt (CBE) has welcomed a high-level delegation from the Bank of Tanzania (BOT), led by…
Nigerian startup returns $3.5M to investors after closure
After three years in operation, Nigerian education technology startup Edukoya has ended operations, saying poor infrastructure and economic challenges made it impossible to scale.The startup which secured Africa’s largest pre-seed…
Angola accelerates transition to a cleaner energy future
Angola is taking major steps toward a cleaner and more sustainable energy future by expanding its natural gas production. The country aims to increase natural gas's contribution to its energy…
Dangote Refinery slashes petrol price for second time in February
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of petrol from N890 to N825 per litre, effective February 27, 2025. This marks the second price cut this…
The Emergence of Green Entrepreneurship: Pioneering eco-friendly business ventures
In recent years, the landscape of entrepreneurship has witnessed a significant transformation with the rise of green entrepreneurship. This innovative approach to business emphasizes the creation and development of eco-friendly…
Nigeria’s Central Bank predicts 4.17% GDP growth in 2025
The Central Bank of Nigeria (CBN) has projected a 4.17% Gross Domestic Product (GDP) growth for 2025, attributing this positive outlook to fiscal and monetary reforms aimed at stabilizing the…
New diamond partnership forged between Botswana and De Beers
Botswana’s government has signed a long-delayed 10-year diamonds sales agreement with Anglo American AAL.L unit De Beers adding a possible extension period of five more years to the provisional pact.Under…
Namibia’s oil discovery marks a major milestone for energy and economy
Namibia has taken a major step forward in its energy sector with the discovery of a significant oil reserve in the Orange Basin. Custos Energy, in partnership with Galp Energia…
