Moniepoint to scale up payment solutions with $110 million
Nigerian mobile payment platform, Moniepoint has received $110 million from Google and other investors to scale up mobile money transactions across Africa. It got the funds with the support of…
Ethiopia targets key sector growth in new trade deal
During a two-day official visit to Malaysia, Ethiopian Prime Minister Abiy Ahmed met with Malaysian Prime Minister Anwar Ibrahim to discuss expanding cooperation between Ethiopia and Malaysia across several strategic…
Egypt launches first Deloitte innovation hub worth $30 million
Deloitte has inaugurated its first-ever Innovation Hub in Cairo, Egypt, with a significant investment of $30 million over three years. This development marks a strategic milestone for Deloitte, aiming to…
Ghana turns to Dangote Refinery for fuel imports
Ghana could buy crude oil from Nigeria’s Dangote refinery when it reaches capacity and cut back on more expensive exports from Europe, the head of Ghana’s petroleum regulator said on…
Ethiopian shipping line to expand operations with six more carriers
Ethiopian Shipping and Logistics Services (ESL), formerly known as Ethiopian Shipping Lines, is looking to rapidly expand its fleet with six additional carriers to meet demand.The company currently has 10…
Nigeria to strengthen currency financing with new IFC deal
The Nigerian government has signed a new deal with the International Finance Corporation to boost local currency financing in the country. With this deal, Nigeria will get over $1 billion…
Senegal’s removal from dirty money list to boost investor confidence
Senegal has officially been removed from the Financial Action Task Force's (FATF) "grey list" – a global financial watchdog of countries under heightened scrutiny for insufficient controls against money laundering…
Africa pushes for $120 billion to fight poverty
After the World Bank and its donors announced that they would replenish the International Development Association (IDA) with US$105 billion and implement extensive financial architecture reforms, Africa is pushing for…
Dangote to boost CNG initiative with ₦460 billion investment
Dangote Cement Plc has committed over $280 million (₦460 billion) toward acquiring CNG-powered trucks and infrastructure, demonstrating its support for President Bola Ahmed Tinubu’s CNG Initiative.The investment demonstrates its ambition…
IMF calls for African oil exporters’ reforms to boost ‘subdued’ growth
Abebe Aemro Selassie, Director of the International Monetary Fund for Africa, has stated that countries in Sub-Saharan Africa that rely on commodity exports need to reform their economies to address…
