Egypt’s economic reforms are gaining traction as the country intensifies efforts to attract foreign direct investment and stabilize its financial ecosystem. The Central Bank’s currency adjustments, along with government-driven manufacturing …
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Nigeria Set to Legalize Cryptocurrency Use While Strengthening Risk Controls
Nigeria is set to redefine its stance on digital assets. A new legislative bill will soon legalize cryptocurrency operations while addressing financial risk concerns. The proposed law aims to regulate …
- AfricaAFRICA NEWSBusiness PoliciesEastern AfricaGOVERNMENTInformation & TechnologyKenyaKenya NewsNewsTechnology
Kenya’s Cybersecurity Threats Surge by 27.2% as DDoS Attacks Spike in Q2 2024/25
Kenya is facing a rising wave of cyber threats, with reported incidents increasing by 27.2% in the second quarter of the 2024/2025 fiscal year. The Communications Authority of Kenya revealed …
- AfricaAFRICA NEWSBusiness Policies
Africa’s Business Heroes Announces Top 50 Finalists for 2024 Prize Competition
by Editorby EditorAfter receiving ~20,000 applications from all 54 African countries, Africa’s Business Heroes (ABH) Prize Competition has revealed the Top 50 Finalists for its 2024 edition. The competition is a philanthropic …
- AfricaAFRICA NEWSBusiness Policies
Africa cashless payment systems confab to focus on building safer economy
by Editorby EditorForeign Investment Network (FIN) will host the 3rd Africa Cashless Payment Systems Conference, Exhibition & Award on September 11-12, 2024, in Lagos. Under the theme “Building a Safer Cashless Economy …
- AfricaAFRICA NEWSBusiness Policies
The Harsh Reality of Minimum Wage Increases, Impact on Business
by Editorby EditorAs the Managing Director of a national contract and specialised cleaning company operating across various sectors including healthcare, industrial, and retail, Johan Gerber is acutely aware of the challenges posed …
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Airtel Africa’s net profit down to $7 million in first quarter of FY25
by Editorby EditorAirtel Africa reported on Thursday a net profit of $7 million for the first quarter of the current financial year (Q1FY25), a rebound from a net loss of $170 million …
- AfricaAFRICA NEWSBusiness Policies
Africa Re crosses $1bn revenue milestone for 2023
by Editorby EditorThe African Reinsurance Corporation (Africa Re), the leading pan-African reinsurance firm, has achieved a revenue surpassing $1 billion in 2023. During its 46th Annual Ordinary Meeting and General Assembly in …
- AfricaAFRICA NEWSBusiness Policies
Zimbabwe to Host Canada-Africa Business Conference
by Editorby EditorHarare is set to host the prestigious Canada-Africa Business Conference this October, marking a significant event aimed at boosting trade and investment between Canada and Africa. Organized by The Canada-Africa …
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CBN Hikes Rate Further to Cool Inflation, Halt Naira Fall
by Editorby EditorThe Central Bank of Nigeria (CBN) has announced another increase in the benchmark interest rate, raising it by 150 basis points to 26.25% in a bid to tackle rising inflation …