The Central Medical Stores Trust (CMST) has moved to recover $4.3 million (about K7.5 billion) from SADM Pharmaceuticals Limited, a company owned by David Bisnowaty, Malawi’s Chargé d’Affaires at the …
Illovo Sugar Malawi Plc, one of the country’s largest companies, has secured shareholder approval to borrow $45 million from its majority shareholder, Sucoma Holdings Limited, in a move designed to …
- AfricaBankingBusinessEconomyForex TradingTrade
African Currencies Show Mixed Outlook as Ghana’s Cedi Faces More Pressure
African currencies are set for a mixed performance in the coming week, with Ghana’s cedi expected to weaken further against the dollar, while the shilling in Kenya, the naira in …
- BusinessCapital MarketEconomyFinanceGlobal NewsRegulation
World Federation of Exchanges Launches Manifesto to Protect Public Markets
The World Federation of Exchanges (WFE), the global body representing exchanges and clearing houses, has unveiled its new Exchange Manifesto. The declaration seeks to highlight and reinforce the vital role …
- African DevelopmentBusinessCorporate NewsTechnology
TD Africa Secures Global AI and Data Privacy Certifications
TD Africa, one of the biggest technology distributors in Sub-Saharan Africa, has achieved two major international certifications that place the company at the centre of Africa’s push for responsible artificial …
- BusinessCorporate NewsEconomyFinanceTrade
Champion Breweries Moves to Acquire Bullet Brand in Strategic Expansion
Champion Breweries Plc, a subsidiary of enJOYcorp and member of the EverCorp family, has signed an agreement to acquire the Bullet brand, an alcoholic and energy beverage, in a deal …
- Digital TransformationEconomyGovernanceInfrastructureTechnologyTelecommunications
Governors, NCC Join Forces to Tackle Right of Way Fees and Boost Broadband Connectivity
The Nigeria Governors’ Forum (NGF) and the Nigerian Communications Commission (NCC) have entered into a strategic partnership aimed at harmonising Right of Way (RoW) policies, boosting broadband connectivity, and accelerating …
- BusinessEconomyEnergyEnvironmentOil & GasPower Sector
Nigeria Produces 1.37 Trillion scf of Gas in Six Months as Experts Warn on Policy Gaps
Nigeria produced about 1.37 trillion standard cubic feet (scf) of natural gas between January and June 2025, according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). …
- BusinessDevelopmentEducationInnovationTechnology
Giga Accelerator Programme 2025 Offers $50,000 Grant for School Connectivity
The Giga initiative, a joint project of the United Nations Children’s Fund (UNICEF) and the International Telecommunication Union (ITU), has opened applications for the 2025 edition of its accelerator programme. …
- BankingBusinessEconomyForeign AffairsGOVERNMENTGovernment PolicyINVESTMENT
Nigeria Attracts $5.64bn in Q1 2025 as Banking Sector Leads Capital Inflows
Nigeria recorded a strong rise in foreign capital inflows in the first quarter of 2025, attracting a total of $5.64 billion. The latest capital importation report released by the National …