Pan-African lender, Ecobank, has announced it will discontinue its safe deposit box services in Togo by August 1, 2025, marking a further retreat from a once-premium service that has become …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- Banking, Finance & InvestmentDigital EconomyFinance & ServicesSecurityTOGO
Jumia Technologies, one of Africa’s most well-known e-commerce companies, is reportedly attracting acquisition interest from Mauritius-based telecom and fintech giant, Axian Telecom, as the online retailer struggles with deepening financial …
- Banking, Finance & InvestmentEconomyFinance & ServicesKenyaPolicies
Kenyan Banks Cut Lending Rates as Central Bank Eases Monetary Policy
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
- BusinessEconomyKenyaTechnologyTelecommunications
Telkom Kenya Battles for Survival Amid Rising Competition and Fading Market Presence
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 …
- 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 …