Economy

Marsa Maroc, the national operator of Moroccan ports, reported a turnover of MAD 1.9 billion ($179.5) at the end of the first half of 2022, marking a 14% increase from …

Kenyan founded Pan-African embedded finance Fintech Pezesha has raised a pre-series A funding round of $11 Million in a mix of $6 million equity and $5 million debt. The round …

Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …

A seven-storey building in Nairobi leased out for nearly a decade to the ruling Jubilee Party was on Monday put up for auction, with the bank targeting raising Sh435 million …

SportPesa has been awarded a license to operate in the current financial year ending June 2023, ending years of regulatory and court battles pitting the firm against the Betting Control …

The demutualisation of the Ghana Stock Exchange (GSE) to make it a Public Limited Company (PLC) is progressing steadily, chairperson of the GSE Council, Mrs Abena Osei-Poku, has said. Among …

The Energy Meter Assemblers and Manufacturers Association is protesting being locked out of the procurement of power distribution products by energy utility firm Kenya Power. The Association in a letter …

U.S retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer to buy the remaining shares of South African retailer, Massmart. They bought the initial 51% in 2011 …

Nigeria has entered into a partnership with Israeli and Japanese companies to commence assembling and manufacturing environmentally friendly, green, electric, and smart automobiles by 2023. The National Agency for Science …

Egypt is expanding in building seawater desalination plants to face the water stress caused by climate change, said Deputy Minister of Housing Sayed Ismail in a meeting with the world …