The Nigerian Communication Commission (NCC) says the telecommunication industry has recorded over $70 billion investment in the past 21 years. The Executive Vice Chairman of the NCC, Umar Danbatta, said this on …
INVESTMENT
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BusinessEconomyINVESTMENTNigeriaTelecommunications
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AmazonBusinessEconomyINVESTMENTSouth AfricaTransportation & LogisiticsUBER
Uber witnesses consumer retreat despite inflation
Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust. The ride-hailing service scored a 72 percent jump in …
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BusinessEconomyEthiopiaINVESTMENT
Ethiopia’s new investment hub anticipates expo to attract $400 million in FDI
Officials at Debre Birhan are eyeing almost USD 400 million in foreign direct investment (FDI) as they edge closer to organize the first regional international expo in the city, which …
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Banking, Finance & InvestmentBusinessINVESTMENTNigeriaWestern Africa
UBA witnesses a nine-month profit increases by N116 billion
UBA, United Bank of Africa’s profit for the nine-month period from January through September hit its peak level ever this year, catapulted by reasonable growth in interest income, its financial …
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BusinessEconomyINVESTMENTKenya NewsUncategorized
Kenya and Netherlands Sign MoU To increase Trade and investment Between The Two Countries
The Kenya Investment Authority (KenInvest) and the Netherland Business Hub (NLBH) have agreed to reinforce their collaboration towards increasing trade and investment between Kenya and the Netherlands. This has resulted …
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BusinessINVESTMENTKenya News
Kenyan Furniture Firm Moko Raises Sh786.6 Million To grow it’s Business Line
Moko Home + Living, a Kenyan furniture company has raised Sh786.6 million ($6.5 million) to grow its business line. The Serie B debt-financing round was led by Swiss investor AlphaMundi …
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BusinessINVESTMENTKenya NewsMarkets
Kenya’s Government pledges to end six-year IPO drought with ten listings
The government has promised to privatize ten companies in the next year through the stock market to end the six-year listing drought at the Nairobi bourse. President William Ruto said …
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EconomyINVESTMENTMoroccoOil & Gas
Morocco and Nigeria Gas Pipeline set to Receive $25 Billion in Investment next year
The Nigeria-Morocco Gas Pipeline is set to receive a total investment of $25 billion next year, according to the head of the West African nation’s state oil company. Discussions for …
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AfricaAFRICA NEWSBusinessEnergyINVESTMENTNewsSouth AfricaSouthern Africa
South Africa submits new climate plan to win $8.5bn for coal switch
South Africa has submitted to some of the world’s richest nations a revised plan for how it will spend a proposed $8.5 billion to help it transition away from coal, …
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AfricaAFRICA NEWSBusinessGlobal NewsINVESTMENTNewsSouth AfricaSouthern AfricaTechnologyWestern Africa
Google to establish its first African cloud region in South Africa
Google on Wednesday announced its intent to establish a new Google Cloud region in South Africa – its first on the continent. This was made known at the second Google …