News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
The Central Bank of Nigeria’s digital currency, eNaira is currently not available due to an ongoing maintenance process, the financial regulator confirmed, Thursday. Recall that the CBN has been at …
Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade. The news comes on the …
An index measuring South African economic transactions fell for a third successive month in August, suggesting that the economy is struggling to gain broad-based momentum after contracting in the second …
Ghana has been ranked fourth in Sub-Saharan Africa (SSA) with the highest private savings, a report by the International Monetary Fund on “Private Savings and COVID-19 in Sub-Saharan Africa’ by …
Flutterwave, Africa’s leading payments technology company, today announced that over 1,000,000 merchants can now accept eNaira payments from their customers on their platform. This follows the 3.0 product announcement event …
PowerDFI, a recently founded Wyoming-based Blockchain financial startup, has acquired Naijacrypto, a Nigerian-owned cryptocurrency exchange focused initially on the African markets. Naijacrypto, which recently expanded its offering to include multiple …
Twitter shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the deal’s fate. A majority of Twitter shareholders voted in …
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having …
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that a new Chief Executive Officer, Jeremy Awori will succeed Ade Ayeyemi upon his retirement at age …
Nigerian companies involved in cashew processing will enjoy income-tax-free for three years which can be extended to five years. This move is part of the government’s efforts to diversify the …
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