Eight African Countries in talks with Dangote Refinery to secure Fuel supply
The Dangote Refinery is in advanced talks with eight African countries to secure fuel supply agreements. Already, the refinery has begun exporting diesel and aviation fuel to several African nations…
Shilling holds steady, rises to three-year high
Kenya’s foreign exchange reserves have increased by $1.97 billion in the past ten weeks as the Central Bank of Kenya (CBK) buys more currency as revenues rise.Kenya’s savings last week…
Lagos opens investment bid for new power plants
The Lagos State Government has invited independent power producers and energy solution firms to make bids for the construction of gas-fired power plants. This initiative was announced by the Office…
Nigeria’s external reserve hits 33-month high
Nigeria's Central bank says the country's external reserve has surged to a 33 month high, reaching $40 billion. The surge, according to the CBN Governor Yemi Cardoso, is an indication…
Ghana’s Oil production sees first output increase in five years
Ghana's crude oil production has experienced a remarkable 10.7% year-on-year increase in the first half of 2024, reversing a five-year decline. According to the Public Interest and Accountability Committee (PIAC),…
Kenyan MSMEs complete first exports under AFCFTA to Zambia, DRC and South Sudan
Through an initiative called TradeConnect, Kenyan MSMEs have exported their first assortment of goods to South Sudan, Zambia, and the Democratic Republic of the Congo under the framework of the…
Kenya to boost digital service for 17,000 citizens
The Kenya Ministry of Information, Communications and Digital Economy says the number of cyberattacks targeting government digital services has reached 1.7 billion threats and continues to rise.Despite the attracts, the…
Mastercard and DTB partner to Transform Digital Payments
Mastercard and Diamond Trust Bank (DTB) have entered into a 10-year partnership to transform digital payments across East Africa, specifically in Kenya, Uganda, and Tanzania. This collaboration aims to bring…
Nigeria exports hair products to Kenya in first AfCFTA transaction
Lucky Fibers, a subsidiary of Tolaram Group, has exported Nigeria’s first African Continental Free Trade Area (AfCFTA) hair to Kenya.Lucky Fiber is a Lagos-based manufacturer of hair products, carpets and…
Ghana to advance digital Inclusion with new 5G network
Ghana has officially launched its 5G network, demonstrating a transformative moment in its journey toward digital advancement. This major milestone was celebrated on November 1, 2024, in Accra, with the…
