Economy

It is sometimes too easy for the world to wrongfully assume that Africa lags too far behind the global cloud innovation revolution happening. That is a fundamentally flawed outlook. As …

Morocco meets the minimum requirements for financial transparency, according to a report from the US State Department. Released on Friday, the report assesses 141 countries in terms of financial transparency …

Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get the teachers-owned bank out of a financial …

The Lagos Free Zone (LFZ) N25 billion series 2 bonds, which is Nigeria’s first 20-year corporate infrastructure bond, have been launched on the Nigerian Exchange Limited (NGX) market. LFZ is the infrastructure development …

President-Elect William Ruto says he will announce new fertilizer prices this week after he held consultations with various stakeholders. Speaking during a thanksgiving interdenominational service in Meru Sunday, the president-elect …

The rand strengthened in early trade on Monday, as the dollar weakened ahead of key US inflation data this week that might give the Federal Reserve room to slow the …

Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of …

Ghana is ranked 2nd in Private Public Partnership pipeline projects in West Africa with a cumulative market size of $8.4 billion. According to Fitch Solutions. Nigeria leads the market with …

Kenya’s international tourism arrivals from the beginning of the year to August remained way below 2019 levels as Covid-19 effects continue to linger, new data shows. According to the data …

Tanzania’s Energy and Water Utilities Regulatory Authority (Ewura) has cut fuel prices in response to a slowdown in global oil prices. In its newly published statement, Ewura says a liter …