The Central Bank of Nigeria (CBN) has announced another increase in the benchmark interest rate, raising it by 150 basis points to 26.25% in a bid to tackle rising inflation …
Category:
AFRICA NEWS
- AfricaAFRICA NEWSSpotlight
No need for protests in Nigeria, says Tinubu as ministers meet today
by Editorby EditorPresident Bola Tinubu has called on Nigerians to avoid protests while his administration addresses the country’s urgent economic challenges. This appeal coincides with a crucial meeting the President is holding …
- AfricaAFRICA NEWSBusiness Policies
Dangote-Regulator Rift Threatens Jobs and Investments
by Editorby EditorThe ongoing clash between Dangote Group and Nigerian regulators raises concerns about possible job losses and decreased investment in the nation. The disagreement mainly centres on operational standards and compliance …
- AfricaAFRICA NEWSRWANDARwanda Daily
Residents in Musanze District pleased with Paul Kagame’s victory
by Editorby EditorIn the recent elections, Kagame received overwhelming support and won with a significant margin of 99.15%. However, Residents of Musanze District, are questioning the expectations set by certain groups that …
Paul Kagame’s vote share grew by 0.3% according to the National Electoral Commission (NEC). The NEC revealed that Kagame maintained his lead in the presidential election with 99.18% of the …
- AfricaAFRICA NEWSEnergyOil & Gas
Court Rules Oando Minority Shareholders Cannot Be Forced to Sell Their Shares
by Editorby EditorThe Federal High Court, Lagos Division, has ruled that minority shareholders of Oando Plc cannot be compelled to sell their shares against their will. The verdict was delivered by Justice …
- AfricaAFRICA NEWSSouth AfricaSouthern Africa
Electrolux to Divest Its Water Heater Business in South Africa
by Editorby EditorSwedish appliance giant Electrolux announced on Thursday its decision to divest its water heater business in South Africa. The transaction, valued at approximately 1.4 billion crowns ($132.69 million), marks a …
- AfricaAFRICA NEWSSpotlight
WATRA: Fintech, E-commerce, Digital Market Drive 80% Growth in Telecoms Business
by Editorby EditorMr. Aliyu Aboki, the Executive Secretary of the West African Telecommunications Regulators’ Assembly (WATRA), emphasized that Fintech, E-commerce, and Digital Marketing significantly drove an 80% growth rate in the telecoms …
Tanzanian President Samia Suluhu Hassan recently addressed the significant challenges hindering intra-Africa trade, calling for concerted efforts to remove these barriers and boost economic integration across the continent. Speaking at …
- AfricaAFRICA NEWSEnergyOil & Gas
Egypt to Expand Its Oil Influence with $1.2 Billion Investment
by Editorby EditorEgypt has unveiled a significant investment in its oil industry for the 2024/2025 fiscal year, with plans to inject $1.2 billion into drilling 110 exploratory wells. Minister of Petroleum and …