Egypt Fintech Khazna to expand operations with new $16 million funding
Egyptian fintech company Khazna has raised $16 million in a pre-Series B funding round, bringing its total investment to over $63 million. Founded in 2019, Khazna provides financial services to…
Egypt, Tanzania inaugurate new forum to strengthen bilateral ties
Egypt’s ambassador to Tanzania, Sherif Ismail, inaugurated the Egypt-Tanzania Business Forum, marking the start of an Egyptian trade mission to Tanzania.The event was organised by the Egyptian Export Council for…
IBM announces exit from Nigeria, other key markets in Africa
American technology firm IBM has ceased its operations in Nigeria, Ghana, and several other key African markets, reallocating its regional functions to MIBB, a subsidiary of Midis Group. This transition…
Morocco, Mauritania sign new electric grid interconnection agreement
Morocco and Mauritania have solidified their growing partnership by signing an electric grid interconnection agreement in Nouakchott. This deal, signed on February 4, 2025, was championed by Morocco’s National Office…
African Energy Bank targets mid year launch
The proposed Africa Energy Bank, which aims to fund oil and gas projects across the continent, is set to start operations by mid-year this year, with South Africa also indicating…
Nigeria’s Federal Government to simplify loan access for SMEs
The Federal Government has unveiled plans for a new initiative aimed at easing access to loans for small and medium-sized enterprises (SMEs).During the Renewed Hope Global Virtual Conference 2025, the…
PoS transactions in Nigeria hit all time yearly record
The value of transactions done via Point of Sale Terminals, PoS, has hit an all time yearly record of N18 trillion. This surge, according to data obtained from the Nigeria…
Morocco’s Investment Commission targets 27,000 jobs with new projects
In a move to boost Morocco's economic growth and employment, the Moroccan National Investment Commission has approved 20 new projects, which are expected to create approximately 27,000 jobs. These projects,…
CBN extends weekly FX sale to BDCs
The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign exchange from the Nigerian Foreign Exchange Market till May 30, 2025.This…
Trump’s new tariffs could trigger inflation in Nigeria
Starting February 4, 2025, the U.S. will impose a 25% tariff on goods from Canada and Mexico and a 10% tariff on Chinese products. This has sparked fears of a…
