With fewer than 30 qualified actuaries for a population of over 200 million, Nigeria has launched an ambitious national effort to bridge the wide actuarial skills gap threatening the country’s …
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.
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Nigerian Equities Market Gains N1.43tn on Strong Bank Stock Rally
The Nigerian equities market continued its upward trajectory last week, recording a robust gain of N1.43 trillion on the back of heightened investor interest, especially in the banking sector. Key …
- Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeria
Sterling Financial Holdings Grows Profit by 102%, Declares ₦43.68bn
Sterling Financial Holdings Company Plc (SFHC) has posted a remarkable 102% rise in its profit after tax for the 2024 financial year, recording ₦43.68 billion, up from ₦21.58 billion in …
- BusinessEconomyFinance & ServicesReal EstateTransportation & Logisitics
Express Kenya Launches KSh13 Billion Project Nexus Despite Mounting Losses
Listed logistics and warehousing company Express Kenya PLC has announced a bold diversification plan through the launch of a massive KSh13 billion mixed-use development project named Project Nexus. The initiative, …
- BusinessEconomyFinance & ServicesKenyan NewsReal Estate
Uchumi Wins KSh26.7m Court Case Against Franchise Partner Aljazeera
Uchumi Supermarket PLC has recorded a rare legal victory after the High Court awarded it KSh26.7 million in special damages over a commercial dispute with former franchise partner, Aljazeera City …
- DevelopmentEastern AfricaEnergyGOVERNMENTInfrastructure
Kenya Successfully Tests Power Transmission from Ethiopia to Tanzania
Kenya has completed a major test of its ability to transmit 50 megawatts of electricity from Ethiopia to Tanzania through its national electricity grid. The successful trial is seen as …
- DevelopmentDigital EconomyEconomyEnvironmentGOVERNMENT
Stakeholders Push for Youth Employment Through Blue Economy
Key players in Kenya’s blue economy are calling for united efforts to tap into the sector’s vast potential as a way of solving the growing youth unemployment crisis. The appeal …
- BusinessEconomyEducationFinance & ServicesInternational RelationsPolitics
Ruto Welcomes EBRD Move to Open African Office in Nairobi
President William Ruto has expressed happiness over the decision of the European Bank for Reconstruction and Development (EBRD) to set up its African continental office in Nairobi, Kenya. The move …
- DevelopmentEconomyInternational RelationsKenyaLabour
50 Kenyan Youths Travel to Russia for Factory Jobs
A new phase in Kenya’s labour migration efforts has begun, as 50 Kenyan youths travelled to Russia last week for factory jobs in a move aimed at reducing rising youth …
- BusinessDigital EconomyEastern AfricaFinance & ServicesTechnologyTelecommunications
M-Pesa’s Market Share Drops as Airtel Money Gains Ground
Safaricom is beginning to feel the pressure in Kenya’s mobile money industry, as new data shows a steady drop in M-Pesa’s market share. For many years, M-Pesa has led the …