A new report shows that Moroccan clothing exports to the European Union (EU) climbed by 33.4% in the first half of 2022, reaching 1.5 billion euros ($1.6 billion). The report, …
BusinessEconomyMorrocco
Morocco’s olive oil exports reached 13,200 tones in the first eight months of 2022, double the volume the country exported during the same period a year earlier. According to data …
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Twitter shareholders vote in favour of Musk’s $44bn offer
Twitter shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the deal’s fate. A majority of Twitter shareholders voted in …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaSpotlight
France’s Canal+ doubles stake in MultiChoice in a year
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having …
- Eastern AfricaEconomyFinance & ServicesOnline CoursesSafaricom
Safaricom partners with NCPWD to connect people with disabilities with job opportunities
Safaricom has partnered with the National Council of Persons with Disabilities(NCPWD) to connect persons with disabilities with job opportunities through an online portal. The portal, powered by IT service provider …
- Banking, Finance & InvestmentEastern AfricaEconomy
CRB reforms lined up to lower the cost of loan for micro and small businesses
The new administration has announced plans to reform the credit information sharing system in a bid to lower the cost of loans for micro and small businesses. President William Ruto …
Equity Bank will inherit over 20,000 depositors and 3,700 loan customers in the teachers-owned Spire Bank by November after signing a buyout deal that will see Mwalimu Sacco pay Sh1.7 …
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Jeremy Awori to succeed Ade Ayeyemi as Ecobank Group CEO
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that a new Chief Executive Officer, Jeremy Awori will succeed Ade Ayeyemi upon his retirement at age …
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Nigerian government grants cashew processors five-year tax relief
Nigerian companies involved in cashew processing will enjoy income-tax-free for three years which can be extended to five years. This move is part of the government’s efforts to diversify the …
- AfricaAFRICA NEWSAgricultureBusinessFood ProductionNewsNigeriaWestern Africa
Ice pellets destroy over 300 farms in Katsina State
A heavy downpour accompanied by ice pellets in Kafur Local Government Area in Katsina State has destroyed more than 300 farms in eight communities in the area. The Chairman of …