Here’s how Africa can gain from energy shift minerals
African countries can make the most of food transformation by adding value, turning it into products that can be exported at a better price and/or using it to meet Africa’s…
Nigeria’s economic activities rebound after 13 Months decline
Nigeria's economic activities have shown a positive turn for the first time in over a year, according to the latest report from the Central Bank of Nigeria (CBN). The Purchasing…
CAC threatens to shut down unlicensed POS operators
The Corporate Affairs Commission, CAC, has begun plans to shutdown POS businesses operating without a license. This decision comes after the September 5 registration deadline expired.The CAC, in a statement…
MSME financing gateway launched in Kenya and Uganda
The International Trade Centre (ITC) has launched a funding portal for Micro, Small and Medium Enterprises (MSMEs) in Kenya and Uganda, marking a significant milestone in supporting business development in…
Ghana seeks debt relief with $13 Billion bond swap offer
Ghana is launching a Eurobond debt restructuring offer to swap $13 billion of its international bonds for new instruments, to address economic challenges.The Exchange Offer and Consent Solicitation, announced by…
Bill Gates raises concern as Nigeria’s debt exceeds 50% of GDP
American billionaire and philanthropist Bill Gates has expressed deep concern over Nigeria's stagnant economy, emphasizing the urgent need for increased investment in healthcare and agriculture to revamp the economy.During a…
China pledges $50 billion to Africa in fresh financial aid
China has pledged $50 billion to African countries as it looks to deepen economic and trade ties with the region. President Xi Jinping made the pledge at the China-Africa summit…
Hotels in Tanzania given licenses to operate currency exchange business
The Governor of the Bank of Tanzania has approved the licenses for more than 30 hotels to establish the Bureau de Change.Its purpose is to facilitate currency exchange in the hotel industry and to comply with national financial regulations.However, as of March this year, only one hotel…
Increased fuel prices may cause SMEs to cease operations – MAN
The Manufacturers Association of Nigeria (MAN) has expressed concern that the recent increase in petrol prices could have devastating effects on Small and Medium Scale Enterprises (SMEs), potentially leading to…
Kenya pursues oil agreement with Rwanda after losing authority to Uganda
Kenya is in talks with Rwanda to buy all its oil supplies from Mombasa as part of a new strategy to maintain its dominance of the region’s transportation industry.This comes after an intergovernmental agreement signed by the Uganda National Petroleum Corporation (UNOC) and Bahrain's Vitol, with Uganda agreeing to import more oil from Dar es Salaam.Uganda is…
