An internal Facebook email, accidentally sent to Belgium-based Data News, has revealed its strategy for dealing with the leaking of account details from 533 million users. It suggests the social …
- Banking, Finance & InvestmentEastern AfricaSouthern Africa
Tanzania overtakes South Africa as Kenya’s top remittance source
In the first quarter of 2021, the inflow of US dollar from other African countries into Kenya dropped to 65.9 percent placing Tanzania over South Africa as the biggest source …
- SpotlightTechnologyWestern Africa
Federal Government Reduces Passport Application Process to Six Weeks
The Nigeria government have changed the entire passport application process to six weeks, this was disclosed by Mr Rauf Aregbesola, the Minister of Interior. What this means is that applicants …
- Banking, Finance & InvestmentSpotlightWestern Africa
Naira Appreciates at Black Market Amid Cryptos Dominance
The Naira made up for lost time against the United States Dollar at the parallel market segment of the foreign exchange on Thursday, April 22. At the unregulated market, Naira …
- Business PoliciesEnergyWestern Africa
Mauritius Commercial Bank provides USD 60m funding to fuel Senegal’s national electrification rate
The project finance will enable Karpowership, a Turkish company to provide reliable, economical and green electricity to Senegal MCB is facilitating Senegal’s endeavour to improve its national electrification rate through …
- AfricaEntrepreneurshipNorthern Africa
Kom Ombo, Egypt’s largest solar plant, secures $114 Million Funding
Egypt’s largest solar plant, Kom Ombo has secured a $114 million financing package from the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (OPEC Fund), …
- AfricaBusiness Policies
African Trade Finance Sees $5 Billion in Portfolio Outflow leave Africa in Q1 2020
African trade finance record a massive outflow of $5 bn portfolio leave Africa, from the first quarter of 2020 due to COVID-19, but opportunities exist Constrained global financial conditions caused …
- Banking, Finance & InvestmentSpotlightWestern Africa
Stock Investors Manage N2bn Gain as Outcome Dampen Spirits
The Nigeria stock market performance slightly appreciated by 0.01 per cent on Thursday as the recent report has discouraged investors. On Wednesday, GTBank released its first-quarter earnings, though the not …
- SpotlightTelecommunicationsWestern Africa
Audiomack partners with MTN Nigeria to offer free streaming services
Audiomack a US music streaming and audio platform has partnered with telecom giant MTN Nigeria to offer its services to over 76 million subscribers at no data cost The partnership will …
- AfricaNigeriaNovarick Homes and properties limitedPress OfficeReal EstateWestern Africa
Novarick Homes Unveils Ruby 2 & 3, Commits to Deliver 0.1% Of Annual Housing Deficit
Barely one year after the successful launch of her premiere housing project, Ruby Apartment One in Ologolo community, Lekki, Novarick Home has unveiled two affordable housing projects, Ruby Two and …