The Government of Senegal has raised 364 billion CFA francs, equivalent to about $644 million, in its second public bond offering of 2025. The latest fundraising effort exceeded the country’s …
INVESTMENT
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EconomyFinance & ServicesINVESTMENTMarketsSenegal
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Business PoliciesCryptocurrencyEconomyINVESTMENTPoliticsTechnology
Bitcoin Nears $125K as Trump, Wall Street, and US Laws Fuel Surge
Bitcoin is getting closer to breaking a major price milestone of $125,000, according to Nigel Green, the CEO of deVere Group, one of the world’s top independent financial advisory firms. …
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EconomyEnergyInfrastructureINVESTMENTOil & GasTrade and Commerce
$15bn 500,000 BPD Refinery, Free Trade Zone Set for Ondo as BINL
The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …
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EconomyInfrastructureInternational RelationsINVESTMENTTransportation & Logisitics
Deutsche Bank Leads $747m Loan for Lagos-Calabar Coastal Highway
German financial giant Deutsche Bank has led a group of international and regional lenders to provide a $747 million syndicated loan to fund the first phase of the Lagos-Calabar Coastal …
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President John Dramani Mahama has officially inaugurated the Gold Board Task Force, describing it as a strategic force designed not just for enforcement, but to transform Ghana’s gold industry and …
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AfricaDevelopmentEconomyEgyptInfrastructureInternational RelationsINVESTMENT
Can Egypt’s New Capital Project Prove Critics Wrong?
Egypt is moving forward with its New Administrative Capital (NAC), a multi-billion-dollar mega city project meant to reduce pressure on Cairo and become the country’s new political and economic centre. …
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AfricaEconomyInternational RelationsINVESTMENTPoliticsTrade and Commerce
China Defends BRICS as AU Rallies Behind AfCFTA in Response to Trump’s Tariff Threat
Tensions are rising on the global economic stage as China has come out in defence of the BRICS alliance, saying the group is not seeking confrontation, following threats by former …
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Banking, Finance & InvestmentEconomyInsuranceINVESTMENTManufacturing & Consumer GoodsMarketsNigeria
NGX Opens Week Strong with N193bn Gain
The Nigerian stock market started the week with a positive push, as the Nigerian Exchange Limited (NGX) recorded a significant boost on Monday, July 7, 2025. The All-Share Index (ASI) …
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ECP Kenya Limited, a Nairobi-based investment firm affiliated with Washington-headquartered Emerging Capital Partners (ECP), has filed for voluntary liquidation, officially ending its operations in Kenya. The company, once famous for …
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Jumia Technologies, one of Africa’s most well-known e-commerce companies, is reportedly attracting acquisition interest from Mauritius-based telecom and fintech giant, Axian Telecom, as the online retailer struggles with deepening financial …