India has grown to become Kenya Re’s second largest source of business contributing 32 percent of its gross premiums behind Kenya’s 38 percent in the year ended December, according to …
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Egypt pays $6.3B in debt service in Q3 2021/2022
Egypt’s total debt service surged 105.76% year-on-year during the third quarter of the fiscal year 2021/2022, recording $6.292 billion, according to data released by the Central Bank of Egypt (CBE). Quarter-on-quarter (QoQ), …
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Egyptian government proposes amendment to UHI tax contribution law
The Egyptian government is preparing a draft bill to be presented to the Cabinet soon to amend some provisions of the Universal Health Insurance (UHI) Law to deduce the mandatory …
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
Trade between Nigeria and India hits $14.95bn in 2021
Commerce between India and Nigeria totaled $14.95 billion in 2021. Gangadharan Balasubramanian, the Indian High Commissioner to Nigeria disclosed this during the 76th independence day of India, in Abuja. Even …
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Adelina Umukunzi opens up about thriving in the mushroom business
Adelina Umukunzi a 31 year old lady is reaping big from a mushroom growing business she started in 2018 with merely Rwf50, 000 as capital. After graduating from high school, …
- AfricaAFRICA NEWSBusinessINVESTMENTNewsNigeriaWestern Africa
Equity market begins new week trading negative
The Nigerian equity market on Monday started the week’s trading with mixed sentiments as a loss in Presco and 16 others drove the market lower by N18 billion. Also, Nigeria’s …
- BusinessSouthern AfricaTelecommunications
Snapchat+ to add four new features, hits 1 million subscribers in less than two months
Snapchat+ Snapchat’s Premium subscription which was launched in June 2022 revealed that it has reached one million subscribers in less than two months later. The subscription costs is $3.99 (R65.58) …
- AfricaAFRICA NEWSNewsNigeriaWestern Africa
Darkness looms as electricity workers embark on strike Tomorrow
Nigeria’s electricity supply crisis could worsen from tomorrow as the organised labour has directed workers in the power sector to down tools and commence an indefinite strike over pending labour …
- BusinessGlobal NewsSpotlightTelecommunications
Twitter is ordered to hand over executive give Musk former executive’s bot files
Twitter Inc. was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire has cited in seeking to abandon …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Bank Of Industry, Nigeria Completes €1bn Loan Guarantee Facility
The Bank of Industry (BoI) Nigeria has completed a landmark €1 billion Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate. According to the bank, …