Telkom Kenya, once a trailblazer in the country’s telecommunications industry, is now facing a steep decline in market relevance as it struggles to keep pace with dominant rivals Safaricom and …
BusinessEconomyKenyaTechnologyTelecommunications
- BusinessEastern AfricaKenyaTrade and CommerceTransportation & Logisitics
Kenya Probes Multinational Shipping Firms Over Alleged Market
The Competition Authority of Kenya (CAK) has launched a major investigation into several multinational companies operating in the country’s shipping and logistics sector, following complaints by local industry groups. The …
Tension is rising in South Africa’s Government of National Unity (GNU) as political pressure mounts between coalition partners. On the first anniversary of the ten-party coalition formed on June 30, …
- Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
- Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
- BusinessInnovationTechnologyTransportation & LogisiticsWestern Africa
Excite Panacea Unveils AI Supply Chain Dashboard
Excite Panacea, a Nigerian-based supply chain technology company, has introduced an AI-powered supply chain analytics dashboard aimed at improving distribution efficiency and tackling data fragmentation across West Africa’s fast-moving consumer …
- BusinessEnvironmentInnovationManufacturingManufacturing & Consumer GoodsNigeria
Henkel Nigeria Expands Homecare Portfolio with Launch of WAW Liquid Detergent and All-Purpose Cleaner
Henkel Nigeria has unveiled two new cleaning products—WAW Complete 5 in 1 Liquid Detergent and WAW Active 5 All-Purpose Cleaner—further deepening its presence in the Nigerian homecare market. The launch …
- AgricultureBusinessDevelopmentFood ProductionGOVERNMENTInfrastructureNigeriaSecurityTechnology
Agritech Expert Urges FG to Invest in Cold Storage to Cut $9bn Post-Harvest Losses
A Nigerian agritech expert, Ayomide Olugbade, has called on the Federal Government to invest heavily in cold-chain infrastructure to reduce the huge post-harvest losses that continue to affect the agricultural …
- EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …
- Banking, Finance & InvestmentFinance & ServicesINVESTMENTNigeria
Jaiz Bank Doubles Profit to N23.48bn in 2024
Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has recorded an impressive financial performance for the year ended December 31, 2024, posting a 109 per cent increase in its profit after …