Policymakers are calling for sweeping tax reforms aimed at removing regulatory bottlenecks that have long stifled business expansion. The push for reform comes as industry players warn that cumbersome tax …
Africa
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AfricaBusiness PoliciesEconomyNigeriaWestern Africa
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AfricaBusinessEntrepreneurship
Tony Elumelu Foundation Empowers 3,000 African Entrepreneurs with $15 Million Grant
Demonstrating a steadfast commitment to fostering entrepreneurship across Africa, the Tony Elumelu Foundation (TEF) has unveiled a $15 million grant to support 3,000 emerging entrepreneurs from 52 African countries. Each …
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AfricaBanking, Finance & InvestmentBusinessBusiness and EconomyEastern AfricaEthiopiaFinance & Services
Ethiopia Licenses First Investment Banks, Expands Capital Market Services
In a landmark development for Ethiopia’s financial sector, the Ethiopian Capital Market Authority (ECMA) has granted licenses to five new capital market service providers, including the country’s inaugural investment banks. …
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AfricaEconomyEgyptNorth Africa
Egypt’s Economic Reform Program: IMF Approves $1.2 Billion Disbursement Amidst Inflation Challenges
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the completion of the fourth review of the country’s economic reform program. This decision underscores the …
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AfricaEastern AfricaEconomyKenyaKenya NewsPolitics
Kenyan Governors Issue 14-Day Ultimatum to Treasury Over Sh116 Billion Funding Dispute
The Council of Governors (CoG) in Kenya has issued a stern 14-day ultimatum to the National Treasury, demanding the immediate disbursement of Sh78.03 billion in delayed County Equitable Share funds …
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AfricaAFRICA NEWSInformation & TechnologyTechnology
Google’s Taara: Africa’s Contribution to Starlink’s Rival Technology
In what appears to be a major technological leap in internet infrastructure, Google’s parent company, Alphabet, is pushing forward with Taara, an innovative project expected to rival Elon Musk’s Starlink …
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Amidst rising living costs, Nigerians are increasingly turning to local markets as a practical solution to manage expenses without compromising quality. These markets offer fresh produce, essential goods, and services …
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AfricaBanking, Finance & InvestmentBusinessFinance & ServicesMarketsNigeriaWestern Africa
First HoldCo Rights Issue Records 25% Oversubscription, Signals Investor Confidence
In a major show of investor confidence, First Bank Holdings Plc (First HoldCo) has announced a 25% oversubscription in its recently concluded rights issue, underscoring strong market appetite for its …
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Africa’s transition to a green economy is projected to generate substantial employment opportunities across the continent by 2030. A report by FSD Africa and Shortlist forecasts the creation of up …
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AfricaBusiness and EconomyEconomyEnergyNigeriaOil & GasWestern Africa
FG Panel Reconvenes Monday Over Naira-for-Crude Oil Controversy
Abuja — The Federal Government’s investigative panel set up to unravel the controversial “naira-for-crude oil” swap deal is expected to reconvene on Monday, March 25, amid growing public concern over …