Kenya unveils cashless policy for imports
Kenyan importers have been relieved of the perplexing fees imposed on containers at the Port of Mombasa, enabling them to evade demurrage fees associated with delayed clearances.This action, following a…
Nigerian stocks plummet in August as investors hesitate over economic prospects
The Nigerian stock market ended August on a negative note, with the All Share Index falling by 1.22% due to macroeconomic headwinds and uncertainty surrounding bank recapitalization. This marks the…
ECOWAS to dump single currency initiative
The Economic Community of West African States (ECOWAS) is set to dump its plans for a single currency, known as the ECO, at least for now, after years of struggles…
African markets today; Factors to watch
As African markets open for its first business day in the month of September, here are some factors to watch out for;Global marketsInvestors are anticipating the US job report and…
China to pitch green exports to African leaders in Beijing
China will pitch its goods and green exports to a summit of fifty African countries in Beijing this week before Western restrictions kick in. African leaders will be asked to…
Central Bank of Egypt expands lending to Government amid declining inflation
Egypt's central bank has continued to expand its lending to the government, despite a notable decline in inflation from its peak.Despite a decline in inflation from a record 38% in…
Nigeria ranks 24th in Africa’s digital development index
Nigeria has been ranked 24th in Africa in terms of digital development, according to a report released on Thursday by Statisense, which evaluated countries based on their ICT development index.…
China’s lending to Africa hits 7 year high
China's lending to African countries reached a record $4.61 billion in 2023, the first annual increase in 7 years. The loan provided to African countries by Chinese creditors was more…
Morocco’s blueberry exports hit 25% increase
Morocco's blueberry export has set a new record in the market, soaring by 25%. This represents a fourfold growth since the 2017/18 season highlighting Morocco's rising dominance in the global…
12 things to know about the domestic dollar bond
The Federal Government of Nigeria (FGN) has introduced a $500 million Domestic US Dollar Bond, an innovative financial instrument designed to support infrastructure development, promote financial inclusion, and strengthen the…
