How Nigeria’s stock market thrived in 2024 and what lies ahead
In 2024, the Nigerian stock market emerged as one of the standout performers globally, with the Nigerian Exchange Limited (NGX) recording an impressive 37% year-to-date (YTD) gain as at December…
Egypt targets human capital development with new investment plan
Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat has unveiled a new investment plan targeting human capital development in the country.According to the new plan, 1 trillion…
Egypt, Morocco to strengthen bilateral ties after first meeting
The Egyptian-Moroccan Joint Business Council, led by Nezar Abu Ismail, held its first meeting to discuss strategies to enhance communication and cooperation between the two countries, including focusing on promoting…
Innovations and market opportunities in Fintech for African Investors
The fintech sector has witnessed explosive growth over the last decade, dramatically reshaping how we engage with financial services. This transformation has been fueled by a surge in technological innovation,…
Nigeria attracts $285m foreign capital from African investors in 2024
The National Bureau of Statistics has announced that in the third quarter of 2024, African investors (excluding those from Nigeria) contributed $285.11 million to Nigeria’s foreign capital inflows, representing 22.76%…
Egypt secures $275m loan for largest wind farm in Africa
Egypt has secured a $275 million grant to build and operate Africa’s largest wind farm.The loan to Suez Wind Power includes $200 million from the European Bank for Reconstruction and…
UAE becomes Africa’s biggest investor with $110 billion new projects
The United Arab Emirates (UAE) has emerged as the foremost investor in new business initiatives across Africa, having allocated $110 billion to diverse projects from 2019 to 2023.As reported by…
Senegal to build new port in Ndayane
DP World, a global provider of end-to-end logistics solutions, has signed an agreement with the Senegalese government to build a deepwater port in Ndayane, approximately 50 kilometres from the existing…
Libya’s factional government to cut subsidy with new agreement
The eastern Libyan government said Wednesday it had accepted the request to end subsidy on oil and would develop a process to implement the agreement.The factional government, led by Osama…
Nigeria targets more oil production with NNPCL’s new command centre
The Nigerian National Petroleum Company Limited has opened a new Production Monitoring Command Centre, which is designed to change the phase of hydrocarbon operations and improve oil production.The new centre,…
