Morocco’s national unemployment rate edged slightly down by 1.6% at the end of the first half of 2022, according to data from Morocco’s Higher Commission of Planning (HCP). Unemployment currently …
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Beacon power services raises $2.7m to improve electricity access in Africa
Beacon Power Services (BPS), a Nigerian energy-tech company, has announced closing a $2.7 million seed round funding led by Seedstars Africa Ventures. The founder and CEO, Bimbola Adisa, in a …
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Ghana Exim Bank Launches raw material development project
The Ghana Exim Bank has launched the raw material development project aimed at addressing raw material shortages among companies it is financing. According to the bank, most of the factories …
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Bank of England raises interest rate to 1.75%, biggest hike in 27 years
The Bank of England, on Thursday, raised its interest rates from 1.25 percent to 1.75 percent, the biggest hike in 27 years. According to the central bank of the United Kingdom, the decision …
The government of Kenya has given assurance that there will be enough maize flour, commonly known as unga, on the shelves in the coming days. Speaking to the press in …
CIC Insurance Group Plc has posted a 45 per cent growth in half-year profit to Sh376.3million from Sh259.5 million in the same period last year. The improved performance is on …
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Capitec’s Bank App outage persists for second day
Capitec South Africa banking app, USSD, and internet banking have been offline since early on Thursday morning. The Bank says it is still working on returning its banking services online …
- AfricaBusinessNewsSouth AfricaSouthern Africa
SAB withdraws its liquor sales ban case against the state
South African Breweries (SAB) has withdrawn its liquor sales ban case against the South African government, more than a year after it first took legal action. In court papers filed …
Shell Petroleum Development Company (SPDC) has the shutdown its floating, production, storage and offloading (FPSO) vessel, located off the Bayelsa coastline due to water leakage. The FPSO is a floating vessel used …
Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.20(Sh262.13) up from USD2.22(Sh264.51) last week. …