Visa partners with Moniepoint to enhance SME growth and financial inclusion in Africa
Visa, a global leader in digital payments, has announced a strategic investment in Moniepoint Inc., a Nigerian business payments and banking services platform. This partnership aims to drive financial inclusion,…
Kenya to boost its entrepreneurial ecosystem with new bill
The Kenyan Senate has passed the controversial Enterprise Bill 2022, laying the foundations for transforming the country’s thriving entrepreneurial ecosystem.If signed into law by President William Ruto, the bill would…
Botswana President aims to secure De Beers deal, diversify economy
Top diamond producer Botswana's new President Duma Boko said on Thursday that he hoped to clinch a long-delayed sales pact with industry giant De Beers as early as Friday but…
Manufacturers demand timely passage of tax reform bills
The Manufacturers Association of Nigeria, MAN, is advocating for the quick passage of the new tax reform bills and an upgrade of infrastructure to aid the development of the country.…
Oando acquires 45% stake in Angola’s KON 13 Oil Block
Oando Plc, a leading African energy company, has secured the operatorship of Block KON 13 in Angola’s onshore Kwanza Basin following a competitive bidding process. The announcement was made by…
Investors show strong interest in Nigeria’s treasury bills
The Nigerian Treasury Bills (T-Bills) auction held midweek demonstrated a strong demand for longer-term bills, as the Debt Management Office (DMO) offered N530 billion worth of securities across three maturities.…
Ethiopia’s new Renaissance Dam faces financial inadequacies
The Grand Ethiopian Renaissance Dam (GERD) is 97.6% complete but faces serious financial problems and requires more than 80 billion birr ($633.5 million) for construction.This illustrates the difficulty of spending…
Treasury Proposes to Remove CBK from T-bills, Bonds Sales
The Ministry of Finance is set to take over the role of the Central Bank of Kenya (CBK) in selling government bonds and mortgages as part of a broader reform…
Nigeria’s financial market makes huge milestone with N3 trillion investment
The Securities and Exchange Commission (SEC) has announced that the value of Collective Investment Schemes (CIS) in Nigeria surpassed N3 trillion in 2024, marking a significant milestone in the country’s…
Unlocking Africa’s growth by investing in infrastructure
Africa has long been viewed as a continent with enormous untapped economic growth and development potential. One of the key drivers that can unlock this potential is infrastructure investment. Infrastructure…
