The Central Bank of Nigeria (CBN) has released a draft document to modernise how banks and other financial institutions fight money laundering. In a circular dated May 20, 2025, the …
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 & InvestmentCyber securityDigital EconomyFinance & ServicesNigeriaTechnology
- AfricaAgricultureDevelopmentEnvironmentFood ProductionPoliciesTrade and CommerceWestern Africa
Africa’s Climate Crisis Threatens Europe’s Food Security, Says Report
Climate change and biodiversity loss are severely affecting agricultural production across Africa, raising serious concerns about food security not just on the continent but also in Europe, which heavily depends …
- AfricaBusinessGOVERNMENTInternational RelationsMobile Telecommunications Network (MTN)South AfricaTelecommunications
MTN Takes $4.2 Billion Iran Licence Case to South Africa’s Top Court
Telecoms giant, MTN Group, has gone to the Constitutional Court of South Africa to challenge a ruling that allows Turkish telecoms company, Turkcell, to pursue a $4.2 billion lawsuit against …
- AfricaBusinessDangote IndustriesDevelopmentEconomyEnergyInfrastructureINVESTMENTLeadershipManufacturingNigeria
Dangote Picks Nigeria Over Global Tech Giants, Builds $19 Billion Refinery to Boost Economy
Aliko Dangote, Africa’s richest man and chairman of the Dangote Group, has been praised by the Nigerian government for prioritising national development over foreign wealth opportunities. At a time when …
- Banking, Finance & InvestmentEconomyFinance & ServicesGhanaInternational RelationsPoliciesWestern Africa
Ghana and Afreximbank Clash Over $768 Million Debt Restructuring
Ghana is currently embroiled in a significant dispute with the African Export-Import Bank (Afreximbank) concerning the restructuring of a $768.4 million debt. This disagreement has emerged as a critical issue …
- Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyaNews
Standard Chartered Kenya Posts KSh20 Billion Profit Despite Drop in Assets
Standard Chartered Bank Kenya has reported a net profit of KSh20 billion for the 2024 financial year, showing a 45 percent increase compared to the KSh13.8 billion it made in …
- AfricaAFRICA NEWSBusinessBusiness InsightsCentral AfricaDangote IndustriesEconomyManufacturingNigeriaSouthern AfricaTrade and CommerceWestern Africa
Dangote Partners Vinmar to Export Polypropylene from Lagos Plant
Dangote Petroleum Refinery and Petrochemicals has entered into a new partnership with Vinmar Group, a global petrochemicals distribution company, to take Dangote’s polypropylene products to international markets. This move comes …
- Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyan NewsNewsTANZANIA
KCB Group Reports KSh16 Billion Net Profit in Q1 2024 Despite Higher Loan Provisions
Kenya Commercial Bank (KCB) Group has announced that it made a net profit of KSh16 billion in the first quarter of 2024, which is the same amount the bank made …
- DevelopmentEastern AfricaEconomyEventsGOVERNMENTInfrastructureInternational RelationsKenyaKenya NewsMarketsSPORT
CMA Approves Sh47 Billion for Talanta Stadium Project Ahead of AFCON 2027
Kenya’s Capital Markets Authority (CMA) has approved a plan to raise Sh47 billion to fund the ongoing construction of the Talanta Sports Stadium in Nairobi. The stadium is one of …
- BusinessDevelopmentEconomyEnergyGOVERNMENTInfrastructureKenyaNatural Resources
Kenya’s Crude Oil Sale from Turkana Sparks Revenue Sharing Dispute
Kenya has earned Sh247 million from the sale of crude oil extracted from Turkana County, but this achievement has been overshadowed by a serious disagreement over how the money should …