Small business owners lament CBN’s new interest rate
Small business owners have lamented Central bank of Nigeria's new interest rate, describing it as unfortunate. They added that, due to the new interest rate, businesses will contract and downsize,…
Tanzania to create employment opportunities with $129M AFDB loan
The African Development Bank (AfDB) has approved a $129.71 million loan to Tanzania aimed at empowering and creating new jobs for young agripreneurs through modern technology and financial support.The loan…
World leaders call for investment in clean energy as African countries seek aid
World leaders called on Tuesday for more investment in renewable energy to combat climate change, with African countries saying they needed financial support to change the landscape.Kenyan President William Ruto,…
Flutterwave to boost remittance service with MainStreet Bank partnership
Flutterwave, Africa’s leading payments technology company, has announced a significant expansion of its remittance service, Send App, across 49 U.S. states through a partnership with MainStreet Bank. This strategic collaboration…
UK NSE partners with MOBILIST to promote new listings
The Nairobi Securities Exchange (NSE) and the UK government’s MOBILIST programme have announced a new partnership at a launch event in Nairobi. The launch was attended by Her Majesty’s Business…
Indian company expands operations with new Nigerian office
Indian risk mitigation and critical intelligence firm iiris has officially launched its operations in Nigeria, marking a significant milestone in its expansion into the African market. The grand opening ceremony…
Nigerian Government approves new tax incentives
The Nigerian government has approved tax incentives for companies employing more staff. The incentive also includes a relief package to workers earning between N200,000 and N400,000. In addition, this incentive…
Uganda’s NSSF records 15% revenue increase
The Uganda National Social Security Fund (NSSF) has seen its revenue increase by 15 per cent to Sh2.53 trillion in the financial year ending June 30, 2024, as funding from…
Uganda to boost export revenue with sale of milk and coffee
Uganda is set to boost its revenue from export with the sale of milk and coffee. This comes against the back drop of a major increase in production from 2.51…
Eswatini’s new digital wallet to break dominance of conventional banks
A new digital wallet is set to break the dominance of conventional banks and telecommunications providers in Eswatini. Launched just two years ago, the mobile money platform called Instacash, has…
