Ghana earned a total of over $731.94 million from oil production in the first half of 2022. This earnings came from the three fields namely, Jubilee, TEN and Sankofa Gye …
AfricaAFRICA NEWSBusinessEconomyGhanaNewsOil & GasWestern Africa
Category:
Economy
- Banking, Finance & InvestmentEconomyMorocco
Morocco’s Central Bank First Interest Rates Hikes in 14 Years on inflation
Morocco’s central bank, Bank Al-Maghrib (BAM), announced today raising central bank interest rates by 0.50 points to 2%, in response to the lingering supply chain bottleneck and rampant inflation. Following …
- AfricaBusinessEconomyGhanaNewsWestern Africa
Ghanaian businesses given ultimatum to change auditors serving for more than 6 years
The Registrar of Companies, Jemima Oware, has given a directive to all companies in Ghana to change their auditors who have served for more than six years. The directive which …
- EconomyFinance & ServicesINVESTMENTMorocco
BMCE Capital Investments Launches a new venture Capital fund for Moroccan Startups
BMCE Capital Investment, part of the BMCE Capital Group, on Tuesday announced the launch of its first venture capital dedicated to financing Moroccan startups. The new MAD 50 million ($4.5 …
- Banking, Finance & InvestmentEconomyKenya NewsSafaricom
Safaricom’s Fuliza reduces daily charges for loans below sh100 by 40 percent
Safaricom’s Fuliza has cut daily charges for loans below Sh1000 by 40 percent and introduced a three-day grace period. Daily charges on loans of up to Sh1000 will come down …
- AfricaAFRICA NEWSAviationBusinessEconomyNewsSouth AfricaSouthern Africa
Airline association warns of flight disruptions and cancellations due to fuel shortage in South Africa
The Airline Association of Southern Africa (AASA) has warned that the lack of jet fuel at Cape Town International Airport could lead to disruptions in airline schedules and possibly flight …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Nigerian government to adopt PPP solution for excise and tax collection
The Federal Government of Nigeria says it is set to deploy an Integrated Secure Track and Trace Solution to boost revenue earnings through excise and tax collection. Michael Ohiani, director-general, Infrastructure Concession …
- EconomyKenya NewsOil & Gas
Kenya Power to purchase electric cars to phase out petrol and diesel vehicles in shift to clean mobility
Kenya Power has announced plans to phase out petrol and diesel-powered vehicles and motorbikes from its fleet in favor of electric ones as the country’s shift to clean transport gathers …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
CBN to debit banks on Thursday after CRR Raise To 32.5%
The Central Bank of Nigeria (CBN) says it will debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR) to allow for the mopping-up of liquidity. …
- AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South Africa moves to restructure troubled Eskom’s board
The South African government has announced plans to restructure the board of state power utility Eskom to address an energy crisis in the continent’s most-industrialised economy. Public Enterprises Minister Pravin …