Pastel, a Nigerian bookkeeping and digital platform for merchants, on Monday secured a $5.5M seed fund. The seed round was led by pan-African venture capital firm TLcom Capital and included …
Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest …
Binance has hired former HSBC South Africa global banking head Hannes Wessels to lead its South African operations. Wessels has been at HSBC for 22 years, serving in senior executive …
The Financial Regulatory Authority (FRA) has approved a proposal from the Egyptian Exchange (EGX) to expand the use of the reverse execution mechanism, along with other mechanisms, to correct trading …
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …
Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half year in which profit rocketed on the back of strong export coal …
Tea prices at the weekly Mombasa auction increased slightly last week even as volumes traded remained steady. At the auction, a kilo averaged USD2.21(Sh263.99) up from USD2.20(Sh262.79) in the previous …
The Securities and Exchange Commission (SEC) has approved the Nigerian Exchange Limited (NGX)’s guidelines on Trade Execution via the exchange’s On-Manual Negotiated Deal Window for fixed income (FI) securities. The FI …
Egypt is planning to issue Eurobonds worth around $5 billion to $6 billion during fiscal year (FY) 2022/2023, an informed government source told Asharq Business on August 14th. It is worth mentioning …