News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
Vodafone has agreed to sell its operations (majority stake) in Ghana to Africa-focused Telecel Group. Telecel plans to help fund the acquisition by later offloading the Ghana business’s mobile towers. …
Transnational Corporation Plc (Transcorp) has released its half-year results for the year ended June 30th, 2022, posting 85 per cent profit after tax as revenue for the year grew. The …
The Nigerian Exchange Limited (NGX) has lifted the trading suspension placed on trading the shares of C & I Leasing Plc for failing to file its financial results for 2021, …
MoMo, MTN’s Payment Service Bank, has recorded 4.2 million wallets with 2.4 million being actively used in less than two months of its launch. The company disclosed this in its financial result …
Notore Chemical Industries Plc, a vertically integrated agro-allied and chemicals business has recorded group revenue of N26.28 billion for the six-month period ended 30th June 2022. This translates to a …
MTN Nigeria and Huawei Nigeria Technologies Company Ltd., have installed over 100 fifth generation (5G) mobile technology cell sites in the country ahead of the commercial launch of the service. …
The United States says it will invest an additional $55 million in Nigeria’s agricultural sector to support food security. The US embassy and consulate in Nigeria disclosed this in a …
Emirates Airlines has said it will reduce its flight operations to Nigeria due to its inability to repatriate about $85 million in revenue. The airline made this known in a …
Our attention has been drawn to reports with regards to our operating licence in Kenya. Like many other financial technology service providers in Kenya, our entry into the market was …
The Central Bank of Kenya (CBK) has directed banks and microfinance institutions to seize dealing with payments technology firms Flutterwave and Chipper Cash. In a letter to chief executives, the …
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