Standard Bank Group Reports Earnings Surge and Divvy Boost
Standard Bank Group has once again showcased its financial prowess, reporting impressive headline earnings of R22 billion and a return on equity of 18.5% for...
Category : BUSINESS
Airtel Africa Announces $50 Million Share Buy-Back to Boost Shareholder Value
Airtel Africa is making waves with the launch of the second phase of its $100 million share buy-back initiative, aimed at enhancing shareholder value and...
The E-commerce Revolution in Africa: Jumia Leading the Charge
Africa is undergoing a significant digital transformation, with the rise of e-commerce playing a pivotal role. According to fintech firm Nikulipe, the continent’s e-commerce sector...
81% of Ghana’s Cocoa Crop Hit by Devastating Bean Disease
In a devastating blow to one of Ghana’s most crucial industries, recent reports reveal that 81% of the country’s cocoa harvest is infested with a...
Global Oil Firms Bet Big on Namibia Discovery Amid Energy Shift
The global energy landscape is witnessing a paradoxical scenario as major oil companies are vying for a stake in Galp Energia’s significant oil discovery offshore...
Why investment Schemes Offering Capital Preservation and Growth are ‘Fictional’
Rational goals and expectations are key to successful investing Capital preservation means the eradication of any possible volatility. Getty Images Another fictional allure is any investment...
MARKET WRAP: Rand Reverses Gains on Stronger Dollar
Picture: REUTERS The rand reversed the session’s gains on Monday on the back of a stronger dollar, while investors digested President Cyril Ramaphosa’s new cabinet....
Afreximbank Backs New Intra-African Trade Company With US$1bn Investment
The African Export-Import Bank (Afreximbank) is spending US$1bn to fund the launch of an initiative designed to grow intra-Africa trade and increase SME access to...
Japanese Government Boosts Liberia’s Economy Recovery Drive, Dedicates Modern Gbarnga Central Market
Marketers in Gbarnga, Bong County, will no longer have to bear the pinch of enduring a hot-sun hustle, just to fetch daily food for their...
Understanding Risk Global Forum in Himeji Highlights Urban Flood Management Success in Oyo State
The World Bank’s Understanding Risk Global Forum brought together experts and practitioners to discuss “Making Urban Flood Protection Accessible: Decoding Risks and Democratizing Assessment.” The...
Ethiopia Approves Bill Allowing Foreign Banks to Enter Market
Ethiopia’s cabinet has approved a bill allowing foreign banks to establish local subsidiaries and permitting foreigners to acquire shares in domestic lenders.This move is part...
The Economic Landscape of Malawi and Mozambique
Malawi and Mozambique, two neighboring countries in southeastern Africa, share a common history and cultural heritage. However, their economic journeys have been shaped by distinct...
Nigerian Innovator Launches Breakthrough Offline Payment Technology for Mobile Apps
In a significant move to revolutionize digital payments in Nigeria, a local innovator Temitayo Gbadebo has unveiled a groundbreaking technology for enabling offline payments through...
DR Congo Seeks to Curb Dollar Dominance by Fronting Use of Local Currency
The Central Bank of Congo (BCC) has mandated that all Electronic Payment Terminals (EPTs) in the Democratic Republic of Congo (DRC) only accept Congolese francs....
Kenyan Bourse Seeks to End Listing Drought as Sentiment Improves
Kenya’s stock market, the Nairobi Securities Exchange (NSE), is actively working to end a prolonged period of limited new listings. This effort comes as investor...
Dangote Changing the Face of Nigeria’s Oil Refinery Industry
Aliko Dangote, Africa’s richest man, is transforming Nigeria’s oil refinery landscape with his groundbreaking project, the Dangote Refinery. This monumental $19 billion facility, located in...
Uganda and South Korea Join Forces to Build Nuclear Power Plant
In a significant move towards diversifying energy sources and promoting sustainable development, Uganda and South Korea have launched a joint initiative to construct a nuclear...
Kenyan Shilling Strength Reduces External Debt to KSh 5.2 Trillion
In an unexpected development, the Kenyan shilling has shown notable strength against the US dollar and other major global currencies, emerging as one of the...
Russia Reportedly Pursues French-Controlled Uranium Resources in Niger
Russia’s state nuclear company, has engaged with Niger’s military-led authorities about acquiring assets held by France’s Orano SA, according to a source in Moscow familiar...
Zimbabwe’s freshly launched ZiG currency goes physical
Introduction of Zimbabwe Gold (ZiG) bank notes. Limitations on purchasing fuel, gas, or conducting international trade. Collaboration with World Bank experts by the Reserve Bank...