Co-op Bank Group has posted a Sh11.5billion half-year profit marking a 55.4 per cent jump compared to Sh7.4billion reported in the same period in 2021. The improved performance was attributed to …
Banking, Finance & InvestmentEconomyKenya News
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Economy
The National Hospital Insurance Fund (NHIF) has dropped its bid to have workers earning more than Sh100,000 pay more in monthly contributions, easing the financial strain on top earners and …
With an average monthly net salary of $385 after taxes, Morocco has the highest average salary in the North Africa region in 2022, according to a report published this month. …
- AgricultureBusinessEconomyMorroccoUncategorized
Blue Diamond Growers Recalls Almonds from Morocco Due to Salmonella
Blue Diamond Growers, a California-based agricultural cooperative, has recalled more than 150 tonnes of “whole brown almonds” manufactured after a sample tested positive for salmonella. The company initiated the recall …
- AfricaAFRICA NEWSBusinessEconomyEgyptNorth AfricaNorthern AfricaTransportation & Logisitics
Egypt signs $656M contract to manufacture, supply 320 subway vehicles
The National Authority for Tunnels signed a contract with a consortium of companies including South Korean Hyundai Rotem and the National Egyptian Railway Industries Company (NERIC) to manufacture and supply …
- AfricaAFRICA NEWSBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt to sign 7 new MoUs with int’l companies to produce green hydrogen
Egypt will sign seven new Memoranda of Understanding (MoUs) on green hydrogen production in the Suez Canal Economic Zone with international companies and alliances, announced the Egyptian Cabinet in a …
- AfricaAFRICA NEWSBusinessEconomyGhanaNewsNigeriaWestern Africa
Yields on Ghana’s bonds to surge, highest among emerging economies
Yields on Government of Ghana bonds are expected to surge further as investors perceive the fiscal state of the Ghanaian economy as risky. According to Bloomberg, investors are demanding a …
The elevation of Kenya to the middle-income status saw China lock the country out of a new list of African nations that will receive a Beijing debt relief this year, …
- AfricaAFRICA NEWSEconomyNewsNigeriaSouth AfricaSouthern Africa
South Africa’s inflation rate hits 13-year high at 7.8%
South Africa’s Bureau of Statistics says the country’s inflation rate increased to 7.8 percent in July 2022, up from 7.4 percent in the previous month. The rate is the highest …
- AfricaAFRICA NEWSBusinessEconomyEnergyNewsNigeriaWestern Africa
World Bank, US commit $3bn to Nigeria’s energy transition plan
The World Bank and the US Export-Import Bank (EximBank) say they will commit over $3 billion to the implementation of Nigeria’s energy transition plan. The international organisations made the commitment …