New cash transfer plan to benefit 70 million Nigerians
The Nigerian government has announced plans to distribute ₦75,000 cash as part of its social safety program for the poor and most vulnerable in the country.The Minister of Humanitarian Affairs,…
Nigeria’s inflation rate hits 34.8%, highest in decades
Nigeria's headline inflation rate rose to 34.80% in December 2024, up from 34.60% in November 2024, a slight increase of 0.20% from the November 2024 figure of 34.60%, largely attributed…
South African billionaire exits BAT with £1.22 billion Sale
South African billionaire Johann Rupert, the country’s wealthiest man, has officially severed his family’s long-standing ties with the tobacco industry. Through Reinet Investments, Rupert finalized the sale of 43.3 million…
Cost of production, decline in market value, plagues Kenya’s horticulture exports
New producers in the horticulture sector have raised concerns about the rising cost of production, warning that it could reduce the country’s share of the global economy and emerging markets.They…
Nigeria’s real estate surpasses crude oil now the country’s third-largest sub-sector
The National Bureau of Statistics (NBS) has disclosed the recent GDP rebasing exercise has positioned the real estate sector as Nigeria's third-largest sub-sector.This shift sees real estate surpass crude petroleum…
Hong Kong’s Neosun Energy enters Kenyan market
Hong Kong-based energy solutions provider Neosun Energy has taken a significant step in its efforts to provide solutions by announcing its entry into the Kenyan market. Electricity is very beneficial…
Nigeria to expand its fibre optic infrastructure with new US agreement
The Nigerian government is targeting an expansion of its fibre optic infrastructure with a new $2 million agreement signed with the US government. The agreement, announced during a U.S.-Nigeria Technology…
FG to privatise Bank of Agriculture to boost sector efficiency and growth
The Federal Government of Nigeria has announced its decision to privatise the Bank of Agriculture (BoA) as part of efforts to strengthen and reposition the agricultural sector. This strategic move…
Kenya to regulate cryptocurrencies amid rising risks of fraud, cybercrime
The Central Bank of Kenya has issued a new policy regulating cryptocurrencies and digital tokens in order to combat tax evasion, fraud and cybercrime amid the increasing use of these…
USSD debt: NCC to publish names of defaulting banks
The Nigerian Communications Commission will this week release the names of 18 banks that have defaulted in settling their outstanding debts for using Mobile Network Operators’ Unstructured Supplementary Service Data…
