Tech conglomerate Meta is under fresh regulatory scrutiny in Africa as the COMESA Competition & Consumer Commission opens an investigation into allegations that the firm abused its market dominance by …
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Business Policies
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AfricaAFRICA NEWSBusiness Policies
Africa’s Gift Card Market Seen Hitting $8.5bn by 2030 as Fintechs, Retail Giants Intensify Competition
A new industry report released by ResearchAndMarkets.com projects that Africa’s gift card industry will expand to about $8.5 billion by 2030, driven by fintech platforms, payment ecosystems and major retail …
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AfricaAFRICA NEWSBusiness PoliciesNews
Airtel Africa drops expansion plans, bets on data centres and mobile money IPO
Airtel Africa has outlined a set of strategic initiatives — including plans to list its mobile money arm, ongoing talks to utilise Starlink capacity, and possible integration of crypto-related services …
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AfricaAFRICA NEWSBusiness Policies
UBA UK charts strategy to close Africa’s $100bn trade finance gap
The newly appointed chief executive officer of UBA UK, Loknath Mishra, has unveiled an ambitious strategy to position the bank at the centre of efforts to close Africa’s estimated $100 …
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AfricaAFRICA NEWSBusiness Policies
Dangote signs $400 mln equipment deal with China’s XCMG to speed up refinery expansion
Africa’s industrial conglomerate, Dangote Group, has sealed a $400 million equipment procurement pact with Chinese manufacturer Xuzhou Construction Machinery Group as part of an aggressive push to scale up its …
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Telecommunications giant MTN Group has announced that the board of IHS Towers has accepted an offer of $8.50 per share in a deal that could see the operator raise its …
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PalmPay has unveiled a new feature that allows users to request AfriGO payment cards directly within its mobile application, in a move aimed at widening access to card-based financial services …
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AfricaAFRICA NEWSBusiness Policies
Neimeth seeks patient capital, local patronage as profit hits N1.5 billion
Neimeth Pharmaceuticals Plc has called on the Federal Government to create pathways for pharmaceutical manufacturers to access long-term financing, saying the move is critical to sustaining investment in local drug …
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AfricaAFRICA NEWSBusiness Policies
Naira sustains significant appreciation against US dollar across official, black markets
The naira on Wednesday sustained its upward trend against the United States dollar across both official and parallel foreign exchange markets, reflecting continued currency stability. Latest data released by the …
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AfricaAFRICA NEWSBusiness InsightsBusiness Policies
Access Bank–Bidvest Bank Deal Collapses over Regulatory Approvals
Access Bank Plc’s proposed acquisition of South Africa’s Bidvest Bank has collapsed following regulatory hurdles, Vanguard has learnt. Although the Nigerian lender had reached an agreement to acquire the South …