Retail traders in the country have a great potential to crack financing for Environmental, Social and Governance (ESG) objectives and priorities if some hindrances are resolved, a report by Standard …
BusinessEconomyFinance & ServicesKenya News
Category:
Economy
- AgricultureBusinessEconomyMorocco
Morocco Ends Subsidy on the cultivation of Avocado, watermelon and citrus fruit
As Morocco navigates severe, growing water stress, the country’s Ministry of Agriculture and Fisheries and the Ministry in charge of the budget decided to lift their irrigation subsidy on the …
- Banking, Finance & InvestmentBusinessEastern AfricaEconomyUncategorized
Ruto seeks deal with Safaricom to disburse cheaper loans to small traders
President William Ruto is seeking a deal with fintechs such as Safaricom to disburse cheaper loans to small traders at single-digit interest rates. The planned partnership will see the State …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNewsNigeriaWestern Africa
eNaira app downloads hit 905,588
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 …
- 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, …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
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 …