Nigerian stocks were 0.22 per cent weaker last week as the market slipped into correction territory after weeks of successive gains. As a great number of corporate results are still …
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.
- Information & TechnologyINVESTMENTSouth AfricaSpotlightTechnology
Vodacom’s thirst for expansion worries investors
Some market players question the group’s ability to manage all of this investment, as a portion of it would require funding through debt An increase in deal activity at Vodacom …
Johannesburg, South Africa’s biggest city, needs R26 billion rand to stabilize power supply, Mayor Mpho Phalatse said. However, the city only has R7.7 billion for a budget that includes other …
The Nigerian government has introduced a new tax on phone calls to fund the provision of healthcare to vulnerable Nigerians who cannot afford the cost of medical care. President Muhammed …
- Information & TechnologyWestern Africa
Yahoo-Yahoo: UK extradites Nigerian to U.S. for alleged email fraud
The U.S. government has announced the extradition of a Nigerian, Chibundu Anuebunwa, a suspect accused of a multi-million dollar business email compromise scam. Mr Anuebunwa was extradited from the United …
- AfricaAirtelFEATURED NEWSInformation & TechnologyWestern Africa
Nigerian telcos lose 17,030 subscribers in nine months
Nigeria’s leading telecommunication companies lost over 17,000 subscribers between June 2021 and February 2022, data published on the Nigerian Communication Commission (NCC) website has shown. Details of data from the …
- AfricaBanking, Finance & Investment
$1.5 billion emergency food facility approved by board of African Development Bank
The African Development Bank (AfDB) Group’s board of directors announced that it approved a $1.5 billion facility to help African countries avert a looming food crisis in the continent. In a statement …
TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the …
South Africa’s rand was little changed on Friday, holding on to most of the gains made in the previous session after the central bank announced its biggest rise to the …
After the credit rating agency Moody’s upgraded South Africa’s outlook last month, S&P Global has now also improved its outlook to “positive” from “stable”. This was thanks in large part …