News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
The Federal Ministry of Industry, Trade and Investment has called an emergency meeting to address the growing concerns over a new levy introduced by the Financial Reporting Council of Nigeria …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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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