Carbon, a top neobank in Nigeria, has announced the discontinuation of its debit card services in the country. This sudden decision has prompted numerous customers to search for other banking …
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Sanlam, a top financial services group in Africa, has revealed plans to purchase MultiChoice’s insurance business to enhance its presence in the expanding digital insurance market. This acquisition will strengthen …
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AfricaAFRICA NEWSEnergyOil & Gas
DeepOcean Secures Subsea Services Contract at Woodside’s Sangomar Field
DeepOcean, a top subsea services provider, has received a major contract from Woodside Energy for operations at the Sangomar Field Development Phase 1 project on the Senegal coast. This agreement …
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Ivory Coast is set to experience a substantial increase in its oil production, with expectations of tripling by 2027. The West African country, recognized for its strong agricultural industry, is …
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AfricaAFRICA NEWSEnergyOil & Gas
Aiteo Shuts Down 150,000 BPD Field, Disrupting Nigerian Oil Production
Nigeria has experienced a notable decline in oil production because Aiteo Eastern Exploration and Production Company Limited has declared the closure of its Nembe Creek Trunk Line (NCTL), responsible for …
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AfricaAFRICA NEWSReal Estate
ShafDB lauds formation of Financial Caucus to Drive the Continent’s Housing Agenda
Shelter Afrique Development Bank (ShafDB) has applauded the formation of a Financial Caucus of African Ministers of Housing and Urban Development that will help identify common challenges and opportunities in the housing sector …
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AfricaAFRICA NEWSCryptocurrencyFEATURED NEWS
Financial Planning with Cryptocurrencies: Integrating Digital Assets into Your Portfolio
The economic landscape has been rapidly evolving with the advent of cryptocurrencies, creating new opportunities and challenges for traders. Cryptocurrencies, as soon as taken into consideration a spot marketplace, have …
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AfricaAFRICA NEWSCryptocurrency
Crypto long traders lose $420 million in 24 hours following Bitcoin dip
Crypto long traders suffered substantial losses totalling $420 million in a single day as Bitcoin’s price plummeted sharply. The abrupt decrease in Bitcoin’s value has reverberated throughout the cryptocurrency market, …
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AfricaAFRICA NEWSPress Releases
UN Human Rights Chief urge continuous action against violations, abuses in Ethiopia
UN High Commissioner for Human Rights Volker Türk has urged immediate action to stop ongoing human rights violations in Ethiopia that are hindering reconciliation and peace efforts. Türk called on …
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The Host Agreement Signing Ceremony for the Intra-African Trade Fair 2025 (IATF2025) occurred in Algiers on 15 April 2024. Hosted by the African Export-Import Bank (Afreximbank), in partnership with the …