Denel, Troubled state-owned arms manufacturer on Thursday announced a major achievement, paying all outstanding salaries with the proceeds of the surplus medical benefit trust and putting in place payment plans …
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.
- Banking, Finance & InvestmentBusinessSouthern Africa
- Mobile Telecommunications Network (MTN)Southern AfricaTechnologyTelecommunications
Rain request revision of Telkom bid, proposes companies be merged
Rain has formally requested to present the Telkom board with a proposal to merge the two companies. “Although the terms of such a transaction such as valuation and structure would …
- AgricultureEconomyMorrocco
Moroccan Fertilizers Tariffs should be suspended US Attorney, Tom Miller says
Earlier this week, US lawmaker and Iowa Attorney General, Tom Miller, joined farmers’ unions in calling the White House to waive tariffs on Moroccan fertilizers. Miller called on President Biden’s …
In the lead-up to the drafting of this year’s draft budget law, Morocco’s Head of Government, Aziz Akhanouch, announced that Morocco will continue to fund business creation programs such as …
- AfricaAFRICA NEWSBusinessNewsNigeriaOil & GasWestern Africa
A-Z Petroleum seeks recovery of N30bn subsidy debt from FGN
A-Z Petroleum Products Ltd, on Wednesday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National Planning …
- AfricaAFRICA NEWSEducationNewsNigeriaPoliticsTrending TodayWestern Africa
ASUU: Umahi affirms it is impossible to borrow N1.1tn to meet Union’s demand
Governor Dave Umahi of Ebonyi State says the Nigerian government cannot borrow N1.1 trillion to meet the demands of ASUU. The Academic Staff Union of Universities (ASUU) has been on …
- AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
Egypt’s annual core inflation records 15.6% in July
The annual core inflation rate recorded 15.6 percent in July 2022, compared to 14.6 percent in June 2022, the Central Bank of Egypt (CBE) said in a statement Wednesday. The …
- AfricaAFRICA NEWSBusinessEgyptFinance & ServicesNewsNorthern Africa
Saudi PIF acquires 25% of Egypt’s e-finance
The Saudi Public Investment Fund (PIF) has purchased 25% of Egypy’s e-finance for Digital and Financial Investments’ (EFIH) shares, according to a press release on Wednesday. Accordingly, the PIF now is the largest single …
- CryptocurrencyEastern AfricaGlobal News
UN Trade Body Calls to curb Crypto rise In Developing Nations
The UN trade and development body, UNCTAD, has called for action to curb cryptocurrencies in developing nations, in three policy briefs published on Wednesday. Although private digital currencies have rewarded …
- AfricaAFRICA NEWSBusinessEgyptINVESTMENTNewsNorth AfricaNorthern Africa
Egyptian startup, Convertedin secures $3M in seed funding round
Convertedin, a marketing automation platform has announced that it raised a $3 million seed funding round from global and regional investors. CEO Mohamed Fergany confirmed the development in a media release …