Tuesday entered pact with Washington-based International Finance Corporation (IFC) to obtain $194 million credit to strengthen operations in six of its 14 African markets. IFC is a unit of the World Bank …
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NASENI to maintain Nigeria’s critical infrastructure
The President, Major General Muhammadu Buhari (retd.), on Tuesday, said maintaining Nigeria’s critical infrastructure may pose a challenge in the medium and long term except for the deliberate repositioning of …
Eskom will implement stage 4 load-shedding from 09:00 until further notice, the state-owned power utility said in a brief statement on Wednesday. It said this is due to further breakdowns …
- BusinessEconomyMarketsSouth AfricaTechnology
Recruitment firm reports it’s annual South Africa Salary Guide and Hiring Insights
Recruitment firm Michael Page has published its annual South Africa Salary Guide and Hiring Insights report, which includes details on the most in-demand roles and best-paying jobs in the technology sector. …
- BusinessEconomyKenya News
CBK Reintroduces Charges On Transfers Between Mobile Money Wallets And Banks
The Central Bank of Kenya (CBK) has announced the reintroduction of charges for transactions between mobile money wallets and bank accounts from January 2023. The charges had been waived since …
The Nigerian government, in a bid to boost trade with South East Asia and maximize the African Continental Free Trade Area (AfCFTA) agreement, has announced plans to make $336 billion …
- BusinessEconomyINVESTMENTMarketsNigeria
Stocks ascend for second trading session turnover slides in Nigeria
Nigerian stocks advanced for second trading session on Monday in continuation of a swift rally that began on Friday, pushing the benchmark index further north to 48,270.3 points. The equity …
- BusinessEconomyMoroccoNigeriaOil & Gas
ONHYM Signs 5 New Deals to Boost Nigeria and Morocco Pipeline Implementation
Morocco’s National Office of Hydrocarbons and Mines (ONHYM) has signed five new Memorandums of Understanding (MoU) with several countries, which emphasized their unwavering support for the implementation of the Nigeria-Morocco …
Morocco’s state-owned utility company ONEE is set to supply manufacturers in the automotive industry with green energy. Dubbed the “National Master Plan for Electric Mobility,” the initiative is a step …
- Banking, Finance & InvestmentBusinessEconomySouth Africa
Nedbank lending increases despite rising interest rates
Nedbank says it has been lending more, and as the interest rates continue to climb, the green bank is cashing in some handsome net interest income. The banking group published …