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 …
Banking, Finance & Investment
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EconomyInfrastructureInternational RelationsINVESTMENTTransportation & Logisitics
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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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Banking, Finance & InvestmentBusinessFinance & ServicesFintechInsuranceTechnology
PalmPay Launches In-App Insurance Services to Boost Financial
PalmPay, one of Africa’s leading digital banking platforms, has announced new strategic partnerships with top insurance providers in a move to introduce simplified and affordable insurance products directly within its …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesTechnology
Nigerian Banks Resume Naira Debit Card Use for International Transactions
Nigerian banks have resumed the use of naira debit cards for international transactions and online payments, more than three years after suspending the service due to acute dollar scarcity. The …
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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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Banking, Finance & InvestmentDigital EconomyFinance & ServicesNigeria
CBN Clears Air on NRBVN Charges, Says No Hidden Fees for Bank Verification Number
The Central Bank of Nigeria (CBN) has dismissed claims of hidden charges in the Bank Verification Number (BVN) process, assuring Nigerians that the enrolment remains free for residents in the …
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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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AfricaAgricultureBanking, Finance & InvestmentDevelopmentLeadership
World Bank Appoints Togolese National Farouk Mollah Banna
The World Bank has announced the appointment of Farouk Mollah Banna, a Togolese-American expert, as its new Resident Representative in Chad. Banna is expected to play a leading role in …