Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country’s unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the …
- Banking, Finance & InvestmentEconomyNigeriaWestern Africa
GTCO Records 107.8% Profit Growth, Hits N1.26 Trillion in 2024
Guaranty Trust Holding Company Plc (GTCO) has announced an impressive 107.8% growth in profit before tax, reaching N1.266 trillion for the financial year ended December 31, 2024. This marks a …
- Business and EconomyINVESTMENTManufacturingNigeriaWestern Africa
Multinationals’ Exit from Nigeria Creates Opportunity for Local Detergent Manufacturers
The exit of several multinational detergent companies from the Nigerian market has opened up a new opportunity for local manufacturers to meet the growing demand for premium detergents. The gap …
- Business and EconomyEastern AfricaKenyaPoliciesTrade and Commerce
Kenya Becomes Africa’s Largest Importer of Second-Hand Clothes
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
- BusinessEnergyFinance & ServicesInsuranceINVESTMENTNigeriaWestern Africa
AfrexInsure Partners with Oando to Strengthen Investment Protection
AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …
- BusinessEntrepreneurshipFinance & ServicesNigeriaWestern Africa
STL Trustees Empowers Women Entrepreneurs with N3m Grants
Leading trust company STL Trustees has awarded a total of N3m in grants to 30 women-led businesses through its newly launched STL FundHer initiative. According to a statement from the …
- BusinessFinance & ServicesInsuranceNigeriaWestern Africa
IEI, Mutual Benefits Delay Filing of 2024 Annual Reports
International Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate …
- BusinessFinance & ServicesInnovationNigeriaTechnologyTransportation & LogisiticsWestern Africa
Carviva’s Platform Hits $1M in Transaction Value
Auto-Tech company Carviva has announced the achievement of $1m in fuel token transaction value over a two-year trial period on its Fuel Wallet platform. According to a statement from the …
- AgricultureGOVERNMENTPoliticsSecurity
Herdsmen Crisis in Enugu: Eha-Amufu Residents Flee as Attacks Intensify
Residents of Eha-Amufu, a community in Isi-Uzo Local Government Area of Enugu State, have been forced to flee their homes as suspected herdsmen overran farm settlements and occupied houses, schools, …
- EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …