Johannesburg-based Standard Bank has announced its plans to expand into North Africa, particularly in Morocco and Egypt. Africa’s largest lender by assets plans to enter the continent’s biggest economies to …
Banking, Finance & Investment
- Banking, Finance & InvestmentBusinessEconomyMoroccoNorth Africa
- AFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaMobile Telecommunications Network (MTN)
MTN Ghana to increase service revenue by a quarter
MTN’s Mobile Money (MoMo) service in Ghana is taking a hit from the introduction of a levy on electronic transfers which came into effect in May, with revenue from person-to-person …
- 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 …
- Banking, Finance & InvestmentEconomyEnergySouth AfricaSouthern Africa
South Africa’s growth rate would expand if it moves away from coal
South Africa could achieve higher economic growth if it moves away from coal and adopts renewable energy sources, a report by the World Bank shows. The Country Climate and Development …
- Banking, Finance & InvestmentBusinessEconomyMarketsNigeria
EFCC raids Bureau de change operators in Abuja as Naira falls rapidly
Operatives of the economic and financial crimes commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. …
- Banking, Finance & InvestmentEconomyFinance & ServicesKenyan NewsUncategorized
Foreigner and three Kenyans fight over unfrozen Sh2.3 billion
Three Kenyans are locked in a court battle with a woman from the Southeast Asian nation of Laos over Sh2.3 billion held in Ecobank accounts after the State withdrew a …
- Banking, Finance & InvestmentBusinessEconomyEthiopiaFinance & Services
Foreign banks granted same entry capital as local banks
Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as local banks, officials at the National Bank …
- 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 …
- Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMorocco
Moroccan Dirham edges by 1.6% Against Dollar and Drops 1% Against Euro
The Moroccan dirham appreciated by 1.62% against the US dollar and depreciated by 1.04% against the euro between 20 to 26 October, according to data from the country’s central bank, …
- Banking, Finance & InvestmentBusinessEconomyEntrepreneurshipKenya NewsUncategorized
KCB Bank has set aside Sh250bn to Fund Women Entrepreneurs in the Country
KCB Bank Kenya has unveiled a Sh250 billion fund for women entrepreneurs in the country in line with its role of spurring economic growth in the country. The fund which …