The Workonline Communications Group, one of Africa’s largest IP transit providers, has expanded its services to East London. The telecommunications service provider deployed its seventh point of presence (PoP) in …
Business and Economy
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BusinessBusiness and EconomyTechnologyWestern Africa
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Banking, Finance & InvestmentBusiness and EconomyEconomyNigeriaWestern Africa
Central Bank of Nigeria targets 7,740 agents to push eNaira adoption
The Central Bank of Nigeria is targeting no fewer than 10 agents in the 774 local government areas in Nigeria to drive the eNaira adoption. In total, the bank is …
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The exchange rate between the Naira and the US dollar has fallen to a record low on the black market, trading at a minimum of N742/$1 on Monday morning. This is according …
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Business and EconomyBusiness InsightsProduct ComparismProduct ReviewSouthern Africa
How The Emergence Of E-commerce Has Affected The Traditional Trading System.
by Viola Echereby Viola EchereFollowing its origin from the trade by barter system to the development of a market place, trading has since evolved from the traditional mode of buying and selling which involved …
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BusinessBusiness and EconomyCentral AfricaRwandaRwanda DailySouthern Africa
Rwanda Forestry Authority in a bid to boost wood industry with new tree species
The Rwanda Forestry Authority (RFA) has selected five tree species with high economic value to boost the wood industry as the country plans to plant 30 million tree seedlings in …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyNewsNigeriaWestern Africa
Nigeria signs deal with Turkish firm to increase energy supply
The Nigerian Bulk Electricity Trading (NBET) Plc says it has signed a partnership deal with Energy Exchange Istanbul (EXIST), a Turkish energy firm, to ramp up energy generation and supply. Over the …
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BusinessBusiness and EconomyEconomySouthern Africa
Transnet announces a deadlock in wage negotiation as strike continuous
Transnet announced on Friday a deadlock in wage negotiations, with two labor unions raising the prospect of a strike that could further cripple the state-owned logistics company and impact Africa’s …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyNewsNigeriaWestern Africa
Nigeria launches energy transition plan
The federal government of Nigeria has launched Nigeria’s energy transition plan as a major pathway in achieving universal energy access by 2030 and a carbon-neutral economy by 2060. Vice-President Yemi Osinbajo, …
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BusinessBusiness and EconomyCentral AfricaRwanda Daily
Milk shortage spirals in Rwanda as price increases
The resident of Gasabo District is one of the many milk consumers feeling the pinch of the limited milk supply, which officials attributed to drought effects on dairy farming output. …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEgyptNewsNorth AfricaNorthern Africa
Central Bank of Egypt collects EGP 100B from local banks
The Central Bank of Egypt (CBE) collected EGP 100 billion from local banks in the weekly open market operations (OMO) auction at a fixed rate of 11.75%, according to data published on …