Black Friday sales hit 83% high in Nigeria, others
Black Friday sales have seen a massive surge across Nigeria, Kenya and South Africa , hitting an 83% increase compared to the 2023 figure.According to data from the online payment…
Ethiopia’s second program review approved by IMF
The International Monetary Fund (IMF) staff and the Ethiopian government have agreed to a second review of the country’s $3.4 billion budget, the IMF said Wednesday.The East African country secured…
Standard Chartered explores divestment of its assets in Africa
Standard Chartered Bank is exploring a potential divestment of its assets and banking operations in Botswana, Uganda, and Zambia.The decision comes as the bank is looking to free up capital…
CBN targets reduced inflation with new interest rate hike
The Central Bank of Nigeria (CBN) has announced an increase in its interest rate to 27.50%, up from 27.25% in September. This decision, announced by Governor Olayemi Cardoso, is aimed…
Egypt and Liberia to boost groundwater development with new agreement
Egypt and Liberia have signed a memorandum of understanding (MOU) to cooperate in groundwater development. The agreement, was signed by the Lakes Protection and Fish Resources Development Authority of Egypt…
Zimbabwe inflation drops after interest rate hike and currency devaluation
Zimbabwe’s monthly inflation rate fell to 11.7% in November from 37.2% in October, its first decline in four months.The declining inflation coincides with the gold backed ZIG currency which gained…
Nigeria targets more revenue with international cargo tracking
The Federal government of Nigeria through the Nigerian Shippers Council, has unveiled plans to commence international cargo tracking a move aimed at boosting revenue collection and enhancing security.The Executive Secretary…
Expectations high as Port Harcourt Refinery begins operations
There are expectations that Nigeria will soon sort out its crude oil challenges as Port Harcourt refinery begins processing today.The Chief Corporate Communications Officer of the Nigerian National Petroleum Company…
MTN Launches 5G Network in Benin and Republic of Congo
MTN Group, a leading telecommunications operator in Africa, has officially launched 5G networks in Benin and the Republic of Congo (Congo-Brazzaville).This rollout follows pilot programs, including a 5G trial in…
Zimbabwe seeks debt restructuring to free up money and rebuild economy
Zimbabwe is looking to restructure its debt, free up some money and rebuild its economy. President Emmerson Mnangagwa met with creditors and finance ministers to discuss the modalities.With a national…