Solving Africa’s power sector challenge to harness digital growth
Africa has witnessed a substantial increase in its server capacity, reflecting the continent's rapid digital infrastructure and technological innovation advancements. This surge is largely driven by the growing demand for…
Five major takeaways from the new Tax Reform Bills
Nigeria stands at the threshold of a transformative shift in its tax system through the four tax reform bills proposed by President Bola Tinubu. The proposal has, however,, faced criticism.Highlighted…
Kenya Banks call for more rate cuts
Bankers have called on the Central Bank of Kenya (CBK) to reduce interest rates at its year-end Monetary Policy Committee (MPC) meeting on December 5, 2024.The Kenya Bankers Association (KBA),…
Nigeria seeks South Africa’s support for BRICS and G20 membership
Nigeria has formally sought South Africa's backing to join the G20, BRICS, and the BRICS New Development Bank.The request was made by the Minister of State for Foreign Affairs, Bianca…
IMF approves Ghana’s $3 billion loan request
The International Monetary Fund (IMF) has approved the third review of Ghana’s $3 billion loan programme, with an immediate disbursement of about $360 million.“Ghana’s performance under the IMF-supported program has…
Nigeria to address 2024 budget deficit with new Euro bond
Nigeria is issuing a $500 million Euro bond to address 2024 budget deficit. This is the first bond issuance since March 2022 and this time it will be issued in…
Nigeria to protect investors’ interest with fintech regulations
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC), has reaffirmed its commitment to investors’ protection and enforcing regulatory oversight in Nigeria’s growing fintech sector. This was disclosed…
France to revive 2000 abandoned mining pits in Nigeria
Nigeria and France have signed a Memorandum of Understanding (MoU) to revive over 2,000 abandoned mining pits across Nigeria. The agreement, finalized during President Bola Ahmed Tinubu’s state visit to…
Ghana pegs interest rate at 27% to tame inflation
Ghana's central bank kept its key interest rate at 27.00% on Friday as rising food prices spiked consumer spending for a second month.The central bank said inflation had been relatively…
Kenyan shilling falls to 4-month low as currency demand soars
The Kenyan shilling fell to its lowest level in almost four months against the US dollar last week as demand for foreign currency increased.The Central Bank of Kenya (CBK) quoted…
