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 …
Economy
- Banking, Finance & InvestmentBusinessEconomyMoroccoNorth Africa
- BusinessEconomyMoroccoTransportation & Logisitics
Morocco’s Customs Imposes taxes on Gifts and Cash exceeding MAD 2,000
Recent news reports indicating that Morocco’s customs authorities (ADII) are adding a new round of tariffs on travelers bringing gifts and cash upon entering Morocco are “unfounded.” Speaking to Moroccan …
- 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 …
- AmazonBusinessEconomySouth Africa
Elon Musk announces $8 monthly charges for twitter verification badge
Elon Musk said the premium version of Twitter, called Blue, will cost $8 (R145) a month and will include a verified check mark for paying users’ accounts. Musk, who acquired …
- 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 …
Flour Mills of Nigeria Plc has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the challenging macroeconomic environment. A statement by the …
- 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. …
- BusinessEconomyNigeriaTransportation & Logisitics
Nigeria produces 650,000 international passports booklets in 2022
The Federal Government has said that 650, 000 international passport booklets were produced in 2022. This is 100,000 fewer than 750, 000 applications within the year. The Minister of Interior, …
- BusinessEconomyEnergyMoroccoOil & Gas
Sound Energy and Attijariwafa Bank in Talks to Fund Tendrara and Anoual Gas Exploration in North Morocco
Sound Energy, a London-listed energy company, announced today that it is extending the negotiation period with Attijariwafa Bank, Morocco’s largest bank, on funding the Grand Tendrara and Anoual gas exploration …