Africa

Telecommunications companies operating in Nigeria are set to earn more from international calls as the Nigerian Communications Commission (NCC) increases the international termination rate (ITR) to $0.10 from the current $0.045 for voice services. …

Founder and chief executive officer (CEO) of Risevest, a Nigerian stock investment app, Eke Urum, has stepped down due to an ongoing investigation into sexual and non-sexual impropriety allegations against him. …

A Kenyan High Court has frozen an additional sum of $3.3 million (Sh400.6 million) belonging to Nigeria’s fintech Unicorn Flutterwave over allegations of money laundering and card fraud. This comes …

Electronic issuance of receipts in Egypt has become compulsory as the Minister of Finance sets deadline for all firms operating in Egypt to join the e-receipt system. According to Minister …

Delta Airline, United States’ longest serving flight operator in Nigeria has revealed that it will from October 4, 2022, suspend flight operations between JFK airport, New York and Lagos. In …

Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank made this known in a corporate filing on …

Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …

Manager of Cotton Improvement Fund Adel Abdel Azim disclosed Monday that Egyptian cotton exports amounted to 60,000 tons valued at $380 million in 2021. Egypt exports 90 percent of its …

Digital bank for Africans in the diaspora, Moneymie, has shut down retail service operations. Without stating the reason for this, but a highlight of its transition to cross-border payments and payouts for …

The government of Japan and the African Development Bank (AFDB) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative …