Kenyan parliament announces extension of investment capital to 8 years
The Finance and National Planning Committee has recommended that the period for commercial banks to raise their capital to a minimum of KSh10 billion be extended from three to eight…
Morocco’s OCP Group targets $500M with new bond
Morocco’s OCP Group, a global leader in phosphate and fertilizer production, has announced plans to raise MAD 5 billion ($500 million) through a bond issuance approved by the Moroccan Capital…
Nigeria to safeguard securities market with new bill
The Nigerian Senate has passed the Investments and Securities Repeal and Re-enactment Bill, 2024.This signals a significant shift in the nation’s approach to capital market regulation. The bill was approved…
Biden pledges more support for Africa’s Lobito railway project
US President Joe Biden met with African leaders in the Angola port of Lobito on Wednesday to develop a railway that could transport vital minerals from Congo and Zambia westward…
Zimbabwe Central Bank decline in inflation with 35% lending rate
The bank of Zimbabwe has left the lending rate at 35% as part of its strategy to tame inflation in the country. The Monetary Policy Committee of the bank had…
Angola Visit: President Biden pledges more financial aid for Africa
President Joe Biden has announced over $1 billion in humanitarian assistance to Africa during a historic visit to Angola. The aid aims to address food insecurity and the needs of…
Egypt and Denmark express interest in Nigeria’s livestock sector
Nigeria’s livestock industry is gaining significant international attention, with Egypt and Denmark showing strong interest in collaborating to enhance the sector’s development. During a courtesy visit to Alhaji Idi Muktar…
Nigeria raises $2.2 billion in latest Eurobond auction
Nigeria has raised $2.2 billion in its latest Eurobond auction, attracting more than 300% subscriptionThe bid, which initially targeted $2.2 billion, was oversubscribed by 309%, with bids from several foreign…
South Africa’s economy hit by huge drop in agricultural production
South Africa’s economy contracted in the third quarter of this year due to a drop in agricultural production spurred by a devastating drought.According to Statistics South Africa, gross domestic product…
Lagos to boost power supply with new electricity law
The Lagos State government in Nigeria is targeting improved power supply with a new electricity bill signed into law by the Governor. The new law seeks to establish a Lagos…
