Leading financial services group Absa Bank Kenya reported its financial results for the half year period ended June 2022 with net profit growing by 13 percent to Sh. 6.3 billion …
Banking, Finance & InvestmentEastern AfricaEconomy
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Economy
- AfricaAFRICA NEWSEastern AfricaEconomyGlobal NewsInformation & TechnologyINVESTMENTKenyaNewsNigeriaTechnologyWestern Africa
Rockefeller Foundation partners with e-GUIDE and Atlas AI to accelerate development in Africa
The Rockefeller Foundation, an American private foundation, and philanthropic medical research and arts funding organization launched a new $5.5 million partnership with e-GUIDE and Atlas AI to encourage climate-resilient infrastructure investment and speed …
- AfricaAFRICA NEWSBusinessEconomyEnergyTransportation & LogisiticsWestern Africa
Nigeria to begin manufacturing electric automobiles in 2023
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 …
- AfricaAFRICA NEWSEconomyEgyptNewsNorth AfricaNorthern AfricaTechnology
Egypt expands seawater desalination plants to face water stress
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 …
- AfricaAFRICA NEWSAgricultureBusinessEconomyFood ProductionNewsNigeriaTechnologyWestern Africa
Nigerian government launches policy to aid agricultural development
The Federal Government of Nigeria has inaugurated a six-year national agricultural technology and innovation policy (NATIP) from 2022 to 2027 to enhance agribusiness in the country. This document was inaugurated by the …
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UK energy bill to rise by 80% in October as regulators announces hike
Britain’s energy regulator announced Friday it will raise its main cap on consumer energy bills to an of average £3,549 ($4,197) from £1,971 a year. The new cap will be …
Nigeria’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real terms in the second quarter of 2022. The development is an improvement from the 3.11 percent growth recorded …
- AfricaBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Central bank of Egypt cancels maximum deposit limits, increases cash withdrawals to LE 150,000.
The Central Bank of Egypt (CBE) on Thursday canceled the maximum limits for deposit operations for individuals and companies in bank branches and automated teller machines (ATMs). The CBE also …
- AfricaAFRICA NEWSEconomyEgyptNewsNorth AfricaNorthern Africa
IMF welcomes Egypt’s social protection program
The International Monetary Fund (IMF) welcomes the government’s social protection programs and does not force the state to take measures that harm Egyptian citizens, affirmed Egypt’s Prime Minister Moustafa Madbouli …
- BusinessBusiness and EconomyEconomySouthern Africa
Transnet announces a deadlock in wage negotiation as strike continuous
Transnet announced on Friday a deadlock in wage negotiations, with two labor unions raising the prospect of a strike that could further cripple the state-owned logistics company and impact Africa’s …