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 …
BusinessEconomyMorocco
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Economy
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt seeks to issue $500M in Chinese bond, $1.5-$2B in sovereign sukuk
Egypt is looking forward to issuing bonds in Chinese yuan – Panda worth more than $500 million, Minister of Finance, Mohamed Maait, stated Monday. On the sidelines of a conference …
- BusinessEastern AfricaEconomyFinance & Services
Kenyan founded Fintech Pezesha Raises $11m in Pre-Series by Women’s World Banking Capital Partners
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 …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
CBN records N2.4B diaspora remittances under its Naira 4 dollar scheme
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 …
- Eastern AfricaEconomyFinance & Services
Kenya’s SportPesa has been awarded a license as BCLB withdraw from it position
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 …
- AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Demutualisation of the Ghana Stock Exchange progressing, says Council
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 …
- Eastern AfricaEconomyEnergy
Kenya Power Accused Of Locking Out Local Manufacturers In Procurement Process
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 …
- EconomyEntrepreneurshipKenyaMarketsSafaricom
Firms buy Sh9.5bn Safaricom stake as small traders sell off
Local institutional investors have acquired shares worth Sh9.5 billion in Safaricom following the exit of domestic shareholders and foreigners, reversing the government’s objective of boosting Kenyan retail investors’ stake in …
- AfricaAFRICA NEWSBusinessEconomySouth AfricaSouthern Africa
Walmart launches offer to buy S.African retailer Massmart
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 …