The Central Bank of Nigeria (CBN) has stated that the eNaira application has so far recorded a total of 905,588 downloads. CBN Governor, Godwin Emefiele, revealed this on Tuesday in Abuja after the Monetary …
Economy
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- BusinessEconomyKenya News
BAHLITA Urges Government not to Increase the excise duty On Alcoholic Drinks
The Bar Hotels Liquor Traders Association of Kenya (BAHLITA) has urged the government not to increase the excise duty on alcoholic drinks as this will further cripple the sector that …
- AfricaAFRICA NEWSBusinessEconomyEgyptNigeriaNorth AfricaNorthern Africa
Sisi directs CBE’s governor to end obstacles to import, manufacture within two months
President Abdel Fatah El-Sisi directed the Governor of the Central Bank of Egypt, Hassan Abdullah, to end all obstacles facing import and local manufacturing operations, resulting from the Russian-Ukrainian crisis, …
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Egypt set up committee to ease customs clearance and tax return to participants in COP27
Finance Minister Mohamed Ma’eit has decided to form a committee, whose job it will be to ease customs clearance and value-added tax return to participants in the upcoming climate summit, …
- Banking, Finance & InvestmentEconomyEthiopiaInsurance
Central bank of Ethiopia raises minimum paid-up capital for insurance company
The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised ‘Minimum Paid-up Capital for Insurance Company’, which is effective as of September …
- AfricaAFRICA NEWSBusinessEconomyGhanaNewsOil & GasWestern Africa
Ghana records $731m from oil production in H1, 2022
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 …
- 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 …