Peabody Energy, a mining company based in the United States, is expected to announce on August 19 whether it will continue with its $3.78 billion bid to buy Anglo American’s …
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Bank of Uganda Maintains Key Lending Rate at 9.75% Over Inflation and Global Economic Concerns
Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
- Eastern AfricaGovernanceInfrastructurePoliticsPublic PolicyTransportation
Kenya Shortens Road Agency Chiefs’ Terms to Three Years Amid Calls for Disbandment
Parliament in Kenya has approved a new law that will shorten the tenure of the Director-Generals of the country’s key road agencies, in a move aimed at promoting accountability and …
- AgricultureBusinessEconomyInternational MarketsManufacturingTrade
Nigeria’s Non-Oil Exports Hit $3.23bn in H1 2025, Up 19.6% from Last Year
Nigeria’s non-oil exports rose to $3.225bn in the first half of 2025, showing a strong performance in the country’s drive to diversify its economy. This figure is a 19.59 per …
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Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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MTN Ghana CEO Urges Girls to Be Fearless in Driving Digital Future
MTN Ghana’s Chief Executive Officer, Mr. Stephen Blewett, has challenged young girls in Ghana to embrace courage, curiosity, and commitment as they prepare to take leadership roles in the country’s …
- China-Africa RelationsCurrencyEconomyFinanceFinancial InclusionMarkets
Chinese Yuan Weakens to 7.1405 Against US Dollar
The central parity rate of the Chinese currency, the renminbi (yuan), fell slightly on Monday, weakening by 23 pips to 7.1405 against the United States dollar. The China Foreign Exchange …
- BusinessStartupsTechnologyTrade and CommerceTransportation & LogisiticsWestern Africa
Chowdeck Secures $9m Series A to Boost Quick Commerce Expansion in Nigeria and Ghana
Lagos-based food delivery company, Chowdeck, has secured $9 million in Series A funding to roll out a new quick commerce strategy and expand its operations in Nigeria and Ghana. The …
- BusinessDevelopmentEconomyFinanceInfrastructurePolitics
World Bank approves N12.88tn loans to Nigeria in two years
The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
Filling stations across Lagos, Ogun and other parts of Nigeria have increased the pump price of Premium Motor Spirit (PMS), popularly called petrol, to ₦900 per litre and above, despite …