Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get the teachers-owned bank out of a financial …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Lagos Free Zone N25bn infrastructure bond launches on Nigerian exchange
The Lagos Free Zone (LFZ) N25 billion series 2 bonds, which is Nigeria’s first 20-year corporate infrastructure bond, have been launched on the Nigerian Exchange Limited (NGX) market. LFZ is the infrastructure development …
- AgricultureEastern AfricaEconomy
President-Elect Ruto promises to announce a new Fertilizer Prices this week
President-Elect William Ruto says he will announce new fertilizer prices this week after he held consultations with various stakeholders. Speaking during a thanksgiving interdenominational service in Meru Sunday, the president-elect …
- AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South African Rand firms as dollar weaken before US inflation data
The rand strengthened in early trade on Monday, as the dollar weakened ahead of key US inflation data this week that might give the Federal Reserve room to slow the …
- AfricaAFRICA NEWSBusinessCentral AfricaEconomyNewsNigeriaOil & GasWestern Africa
Angola overtakes Nigeria as Africa’s largest oil producer in August
Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Major damages as dam collapse at South African Diamond mine
A dam at South Africa’s abandoned Jagersfontein diamond mine collapsed early Sunday, triggering heavy flooding that damaged property and killed at least three people. About nine houses were swept away …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaTechnology
South Africa plans frequency trading to empower SMEs
South Africa’s minister of communications Mrs Khumbudzo Ntshavheni has published a draft policy document that has proposed the trading of radio frequency spectrum in the country. During a media briefing …
- AfricaAFRICA NEWSBusinessEgyptNewsNorth Africa
EBRD supports green economy in Egypt with a $100M loan for SMEs
The European Bank for Reconstruction and Development (EBRD) has supported the green economy in Egypt with a $100m loan to Banque Misr for on-lending to local small and medium-sized enterprises (SMEs). This …
- AfricaAFRICA NEWSEconomyGhanaNewsNigeriaOil & GasWestern Africa
Ghana ranks 2nd in PPP pipeline projects in West Africa
Ghana is ranked 2nd in Private Public Partnership pipeline projects in West Africa with a cumulative market size of $8.4 billion. According to Fitch Solutions. Nigeria leads the market with …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Cannabis Company SafriCanna sells all its output for next year as Europe’s demand increases
Booming demand for medicinal cannabis from Europe to Australia has seen a South African producer sell all of its output for next year in advance. SafriCanna signed sale deals with …