Guinea Insurance Plc has announced a net loss of N114.7 million for the first half of 2025, marking a sharp reversal from the profit of N116.1 million it recorded in …
BusinessEconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Category:
Economy
- DevelopmentEconomyEducationGOVERNMENTInfrastructure
Mozambique Launches New Public Works Body to Boost Infrastructure
Mozambique has officially launched the National Public Works Administration (ANOP, IP) to take charge of all government construction and maintenance of social infrastructure across the country. The launch event was …
- AFRICA NEWSEconomyEducationEnergyInternational Relations
Mozambique Seeks Stronger Ties with Russia as President Plans Visit
Mozambican President Daniel Chapo is getting ready to visit Russia as part of plans to strengthen cooperation between the two countries. This was revealed on Tuesday by Mozambique’s Minister of …
- AfricaCryptocurrencyEconomyFinance & ServicesInnovationSouth AfricaTechnology
South Africans Turn to Cryptocurrency for Everyday Spending
Cryptocurrency is no longer just something people invest in hoping it will rise in value. In South Africa, digital money like Bitcoin and others are now being used to buy …
- AfricaEconomyHealthcareInternational RelationsPolitics
UK Cuts Foreign Aid to Boost Defence, Africa Faces Hardest Hit
The United Kingdom has announced a major cut to its foreign aid budget, reducing it by 40% — from 0.5% of Gross National Income (GNI) to 0.3%. The move, which …
- Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesPolicies
DTB Kenya Cuts Lending Rates Again as Borrowing Costs Ease Nationwide
Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …
- AgricultureEastern AfricaEconomyFinance & ServicesFintech
Kenya Tops Africa in Digital Farm Payments as Mobile Money Reshapes Rural Finance
Kenya has emerged as the clear leader in Africa for digital agricultural payments, outpacing regional and global averages by a wide margin. According to fresh figures from the World Bank’s …
- Eastern AfricaEconomyELECTRICITYEnergyGOVERNMENT
Kenyans Pay More as IPPs Sell Costlier Electricity Than KenGen
Electricity users in Kenya are facing the burden of inflated power prices due to expensive contracts signed between Kenya Power and Independent Power Producers (IPPs), even though the private producers …
- EconomyEnergyGOVERNMENTInfrastructureKenyaMarkets
Ruto to Privatise Kenya Pipeline Company by September, Eyes Revenue and Market Revival
President William Ruto of Kenya has announced that the Kenya Pipeline Company (KPC) will be listed on the Nairobi Securities Exchange (NSE) in September 2025, marking the first step in …
- CorruptionEconomyFinance & ServicesGOVERNMENTInternational Relations
Nigeria, West Africa Lost $407bn to Trade Mispricing in a Decade – AU Panel Warns
Nigeria and several other countries in West and North Africa lost about $407 billion between 2001 and 2010 due to trade mispricing, mostly caused by commercial tax avoidance by multinational …