The Malawi Electricity Access Project (MEAP), which is being run by the Electricity Supply Corporation of Malawi (ESCOM) with financial support from the World Bank, is bringing a major change …
Banking, Finance & Investment
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AFRICA NEWSDevelopmentEnergyInfrastructureSmall BusinessWorld Bank Projects
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AfricaGhanaInnovationINVESTMENTTechnologyTrade and Commerce
Singapore Woos Ghanaian Businesses for Trade, Tech, and Innovation Partnerships
Singapore is urging Ghanaian businesses to tap into new opportunities for investment, trade, and technology partnerships, as it looks to strengthen economic ties with Africa. The call came during a …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesKenya
SBM Bank Kenya Reports Ksh 202 Million Profit
SBM Bank Kenya Ltd has posted a profit before tax of Ksh 202 million for the first half of 2025, marking a major turnaround from a loss of Ksh 943 …
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Banking, Finance & InvestmentEconomyEntrepreneurshipNigeriaTechnology
Fidelity Bank to Equip 100 Nigerian Entrepreneurs with Free Digital Toolkits for Business Growth
Fidelity Bank Plc has announced a major empowerment initiative targeting 100 entrepreneurs across Nigeria, as part of efforts to accelerate the digital transformation of small and medium-scale enterprises (SMEs) nationwide. …
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Banking, Finance & InvestmentBusinessEconomyInnovationInternational RelationsTrade and Commerce
FCMB, ICC Nigeria Call for Sustainable Solutions to Boost Nigerian Businesses in Global Trade
First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have jointly called for sustainable strategies that will empower Nigerian businesses to seize global trade …
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Nigeria’s financial sector, which includes banks, insurance companies, and other financial institutions, contributed a total of N1.77 trillion to the country’s economy in the first quarter of 2025, according to …
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Banking, Finance & InvestmentBusinessEconomy
NGX Market Closes Flat Despite N67bn Gain Amid Mixed Sentiment
The Nigerian Exchange Limited (NGX) ended trading on a quiet note on Wednesday, gaining N67 billion in market capitalisation, even though overall trading activities dropped significantly. The day’s session reflected …
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Banking, Finance & InvestmentBusinessEconomyInternational Relations
Fitch Maintains Ecobank Nigeria’s ‘CCC’ Rating Despite Liquidity Concerns
International rating agency, Fitch Ratings, has reaffirmed the Long-Term Issuer Default Rating (IDR) of Ecobank Nigeria (ENG) at ‘CCC’. This means that while the bank’s financial standing remains challenged, it …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Guinea Insurance Posts N114.7m Loss in First Half of 2025 Despite Rising Revenue
Guinea Insurance Plc has announced a net loss of N114.7 million for the first half of 2025, marking a sharp reversal from the profit of N116.1 million it recorded in …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesPolicies
DTB Kenya Cuts Lending Rates Again as Borrowing Costs Ease Nationwide
Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …