The United Kingdom (UK) has announced plans to reintroduce tax-free shopping for overseas visitors to boost the country’s retail sector. Kwasi Kwarteng, UK finance minister and chancellor of the Exchequer, …
Category:
Economy
Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …
- AfricaBusinessEconomyNewsNigeriaOil & GasWestern Africa
Six International oil companies to remit N380bn for domestic crude oil sales in October
The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion in October as proceeds from the sale of domestic crude oil in July …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaReal EstateWestern Africa
Senate urges FG to tax unoccupied houses in Abuja
The Senate Committee on Federal Capital Territory (FCT) has asked the federal government to tax unoccupied houses in the territory as a way of generating revenue and reducing housing deficit. …
- AfricaBusinessEconomyINVESTMENTNewsNigeriaWestern Africa
AfDB, IsDB, FDA to invest $618m in Nigeria’s digital and creative start-ups
The African Development Bank (AfDB), Islamic Development Bank (IsDB), and the French Development Agency (FDA), have disclosed plans to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE) …
- AfricaBusinessEconomyNewsNigeriaReal EstateWestern Africa
PenCom approves use of RSA balance for mortgage
The National Pension Commission (PenCom) on Friday announced that it has approved guidelines for pension contributors in active employment to get a residential mortgage using their retirement savings account (RSA). …
- AfricaEconomyGhanaNewsWestern Africa
Sovereign debt default ‘a real possibility’ for Ghana, says Fitch director
Sovereign debt default is “a real possibility” for Ghana, and any kind of domestic debt restructuring could severely threaten the local banking sector, a senior director from the ratings agency …
Egypt is exploring financing financing options that include affordable loans from China and Japan, Finance Minister Mohamed Maait said on Thursday. The North African country is seeking to diversify its …
- BusinessEconomyFood ProductionKenya NewsUncategorized
Kebs suspended 10 Edible oil and cooking oil brands over quality standards
Edible oil and cooking fat manufacturers Bidco Africa, Pwani Oil, Kapa Oil and Menengai, have been ordered to recall some of their products from the shelves for non-compliance with standards. …
- AfricaBanking, Finance & InvestmentEconomyEgyptNewsNorth AfricaNorthern AfricaUncategorized
Egypt’s central bank keeps interest rates unchanged for the third time in a row
Egypt’s central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row. The central bank’s Monetary Policy Committee (MPC) has maintained its …