Investors gained Sh42.1 billion in paper wealth in the highest daily gain at the Nairobi Securities Exchange (NSE) in three weeks as markets welcomed the Supreme Court ruling upholding 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.
- BusinessEconomyFood ProductionKenya
Fish imported from China hit Sh2bn and controls by 83pc of market
The value of fish imported from China grew by 25 per cent to hit a historic high of Sh2 billion last year amid rising disquiet from local traders who have …
- AfricaAFRICA NEWSBinanceBuildingEconomyNewsNigeriaSpotlightTechnologyWestern Africa
Nigeria, Binance in early-stage talks for the first virtual free zone in west Africa
The Nigeria Export Processing Zones Authority (NEPZA) is in discussions with crypto exchange Binance and technology infrastructure company Talent City to create a digital city, referred to as a “Virtual …
- AfricaAFRICA NEWSBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt Prepares for Flagship United Nations (UN) Climate Conference
Regional authorities in Egypt, the host country of the 2022 UN climate conference (COP27), are ramping up initiatives designed to improve the country’s environmental credentials, and speed up its transition …
- AfricaGlobal NewsNewsPoliticsSpotlightTrending Today
Liz Truss succeeds Boris Johnson as new UK prime minister
Liz Truss, UK’s foreign secretary, has won the leadership race to become the next leader of the United Kingdom’s Conservative Party and will consequently be confirmed as Prime Minister by …
- BusinessEastern AfricaEducationFinance & Services
Financial markets gain Sh10bn ahead of poll case verdict
Investors remained cagey ahead of the Supreme Court verdict Monday, with foreigners appearing to have put on hold their activities on the financial markets. Key economic indicators closed Friday — …
- AfricaAFRICA NEWSBusinessEnergyNigeriaOil & GasSouth AfricaSouthern Africa
South Africa joins the list of LNG producers as Renergen begins production
South Africa has joined the list of countries producing Liquefied natural gas ( LNG) as Renergen has started up its production facility at the Virginia gas project. The company announced …
- AfricaAFRICA NEWSBusinessMobile Telecommunications Network (MTN)NewsNigeriaSouth AfricaSouthern AfricaTelecommunicationsWestern Africa
MTN repays billions in foreign debt due 2024
MTN Group has settled US$300-million (R5.2-billion) in Eurobonds that were due in 2024 early, helping deleverage its balance sheet. The early repayment brings MTN’s dollar-denominated debt down to 35% of total …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt set to resume government IPO program
The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …
- AfricaAFRICA NEWSBusinessEnergyGhanaNewsTechnologyWestern Africa
Akufo-Addo approves inclusion of nuclear technology in Ghana’s energy mix
President Nana Addo Dankwa Akufo-Addo has approved the inclusion of nuclear technology into Ghana’s power generation mix. The move, according to him, is in consonance with the global collective commitment …