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…
Starlink officially launched in Botswana
Starlink, SpaceX's Low-Earth Orbit (LEO) satellite internet service, has officially launched in Botswana, making it the sixth Southern African country to host the service, following Zimbabwe.This development comes after a…
Banks drive trading as investors anticipate higher dividends
The Nigerian stock market has continued its upward trend, with banking stocks driving the spike and contributing more than N2.62 billion to the market.Investors are showing renewed interest in banking…
Oil discovery, Presidential elections spark interest in Namibian asset
The discovery of more crude oil reserves and preparations for presidential elections have sparked an interest in Namibian assets. The Southern African nation is being courted by major international oil…
Johann Rupert becomes Africa’s richest man
The South African billionaire and chairman of Richemont, Johann Rupert, has surpassed Nigerian's Aliko Dangote to become Africa's richest person.This is according to the Bloomberg Billionaires Index, which states that…
FG to create new National Carrier, proposes merger of Arik Air and Aero Contractors
The Asset Management Corporation of Nigeria (AMCON) is considering merging Arik Air and Aero Contractors to create a new national carrier.The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, announced this…
3 years after, payment system uncertainty plagues AFCFTA deal
The African Continental Free Trade Agreement was brokered by the African Union and officially launched in 2021. The agreement was designed to boost trade among countries within the continent by…
Nigeria picks 23 firms to manage $10billion investment funds
The Federal government of Nigeria has selected 23 firms to manage the $10 billion Nigeria Global Investment fund. The investment fund was set up to attract international and local capital…
