Dangote announces new $400 million plant in Ethiopia
Aliko Dangote, Africa’s richest man and Chairman of the Dangote Group, has announced a $400 million expansion of the Mugher cement plant in Ethiopia. This development aligns with Dangote Cement’s…
New CPI Report:Experts predict 27-30% drop in inflation rate
Due to the planned rebasing of the Consumer Price Index (CPI) and improvements in key economic factors, economic analysts expect Nigeria’s inflation rate to decline to between 27% and 30%…
Airtel Money subscribers to get 100% transaction fee refund
Airtel Money subscribers will get a 100% refund of transaction fees as airtime after transferring money from their bank accounts to the Airtel Money wallet, as the telco moves to…
CBN reports second month of economic growth in Nigeria
The Purchasing Manager Index (PMI) in January 2025 was 50.2 points, indicating the second consecutive increase in economic activity as captured in the latest report from the Central Bank of…
CBN holds new OMO auction with N1.95 trillion subscription
The Central Bank of Nigeria (CBN) held an Open Market Operation (OMO) auction on February 13, 2025, drawing substantial investor interest with total subscriptions reaching N1.915 trillion. This strong participation…
Dangote invests $700 million to improve Sugar production in Nigeria
Dangote Group President Aliko Dangote has confirmed the conglomerate's commitment to ending raw sugar imports in Nigeria with an investment in sugar production of more than $700 million.Speaking at the…
Senegal partners with Managem and Barrick to expand Gold exploration
The Moroccan mining company Managem and Canadian gold mining company Barrick Gold Corporation have announced a partnership to explore gold deposits in Senegal. This collaboration will focus on three gold…
EUNAP inaugurates new committee to boost trade
The European Union-Nigeria Agribusiness Platform (EUNAP) has taken a major step toward enhancing trade and investment in Nigeria’s agricultural sector by inaugurating a Technical Steering Committee (TSC). This committee will…
How to find a safe and reliable crypto exchange in Kenya (2025)
In recent years, cryptocurrencies have gained significant popularity in Kenya, with more people looking to invest in digital assets like Bitcoin, Ethereum, etc. As a result, the demand for crypto…
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,…
