Microsoft has announced the general availability of Azure Virtual Machines featuring the Ampere Altra processor, based on the Arm architecture. From 1 September 2022, Azure customers can launch the virtual machines …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
CBN records N2.4B diaspora remittances under its Naira 4 dollar scheme
Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …
- BusinessSouthern Africa
Harmony Gold reports a R1 billion loss for the year which ended in June as profits plummets by 120%
Harmony Gold reported a R1 billion loss for the year ended in June as profits plummeted 120%. This was in comparison to a profit of R5.12 billion in the previous …
A seven-storey building in Nairobi leased out for nearly a decade to the ruling Jubilee Party was on Monday put up for auction, with the bank targeting raising Sh435 million …
- Eastern AfricaEconomyFinance & Services
Kenya’s SportPesa has been awarded a license as BCLB withdraw from it position
SportPesa has been awarded a license to operate in the current financial year ending June 2023, ending years of regulatory and court battles pitting the firm against the Betting Control …
- AfricaAFRICA NEWSAgricultureBusinessEgyptNewsNorth AfricaNorthern Africa
Egyptian cotton exports hit 60K tons valued at $380M in 2021
Manager of Cotton Improvement Fund Adel Abdel Azim disclosed Monday that Egyptian cotton exports amounted to 60,000 tons valued at $380 million in 2021. Egypt exports 90 percent of its …
- AfricaAFRICA NEWSBusinessFinance & ServicesGhanaNewsNigeriaTechnologyWestern Africa
Digital Bank, Moneymie shuts down retail service operations
Digital bank for Africans in the diaspora, Moneymie, has shut down retail service operations. Without stating the reason for this, but a highlight of its transition to cross-border payments and payouts for …
- AfricaGlobal NewsINVESTMENTNewsWestern Africa
Japan, AfDB announce $5B financing for Africa’s private sector
The government of Japan and the African Development Bank (AFDB) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative …
- AfricaAFRICA NEWSBusinessFinance & ServicesINVESTMENTKenyaNewsNigeriaTechnologyWestern Africa
Nigeria’s fintech startup, Grey raises $2M in seed funding
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
- AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Demutualisation of the Ghana Stock Exchange progressing, says Council
The demutualisation of the Ghana Stock Exchange (GSE) to make it a Public Limited Company (PLC) is progressing steadily, chairperson of the GSE Council, Mrs Abena Osei-Poku, has said. Among …