Africa

Nigeria’s sugar import in 2022 from Brazil has increased to N385 billion ($592.18 million). This increment comes amid the forex exchange (FX) restrictions placed on the commodity by the apex …

Parthian Partners Limited, a Nigerian Capital Market Conglomerate, has announced the issuance of its debut N10 billion 3-year Fixed Rate Senior Unsecured Short-term Bond. The issuance represents the first short-term …

Inflation in Ghana accelerated at a faster pace than expected in July as a slump in the value of the cedi raised the cost of imported goods like cooking oil …

Egyptian exports of food industries grew by around 2.4% year-on-year (YoY), or $51 million, during the first half of 2022, recording $2.169 billion. This was disclosed in a report by the Food …

The board of directors of Oriental Weavers Carpets (ORWE) has agreed to exit from its investments in China, according to a statement filed to the Egyptian Exchange (EGX) today. Accordingly, the company will accept the …

 Egypt’s annual headline inflation recorded 14.6% in July 2022, compared to 6.1% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release …

AngloGold Ashanti Limited, a global gold mining company has reported a solid performance for the first-half of 2022, with production three per cent higher year-on-year, an increase in total cash …

Airtel Africa, Africa’s leading provider of telecommunications and mobile money services, today, has announced the signing of a $125 million revolving loan facility from Citibank to support operations in its subsidiaries.  …

The Director General/Chief Executive Officer, Nigeria Health Insurance Authority(NHIA), Prof. Mohammed Sambo, has said the new NHIA Act 2022, now makes health insurance mandatory for all Nigerians. Speaking at its …

Nigeria’s broadband usage has continued on the rise, moving up from 40.9% in February 2022 to 44.5% in July 2022 .A figure considered hopeful for achieving the national broadband target …