Rabat — Morocco’s customs revenue surged in the first seven months of 2025, hitting MAD 54.79 billion ($6.09 billion) — a 5.8% increase from the same period last year, according …
Finance
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BusinessEconomyFinanceGOVERNMENTMoroccoNewsPublic FinanceTrade
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BankingBusinessDevelopmentFinanceGovernment PolicyNews
Rwanda Sets Up Committee to Oversee BDF Transition
The Government of Rwanda has created a national oversight committee to guide the process of merging the Business Development Fund (BDF) into the Development Bank of Rwanda (BRD). The Ministry …
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BlockchainCryptocurrencyEconomyFinanceINVESTMENTNigeriaTechnology
Bitget Launches Tokenised Stocks and Real-World Assets for Nigerian Investors
Cryptocurrency exchange and Web3 company, Bitget, has announced the introduction of tokenised stocks and real-world assets (RWAs) on its platform, giving Nigerian investors direct access to some of the world’s …
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The National Bank of Ethiopia (NBE) has approved the appointment of Ato Ngiusu Gebre Egba as the new Chief Executive Officer (CEO) of Union Bank. In an unusually quick move, …
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The Government of Malawi says it will maintain a fixed exchange rate in the short term despite pressure to adopt a unified market rate. Authorities believe keeping the rate stable …
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National Bank of Malawi plc (NBM plc) has reaffirmed its role in supporting Malawi’s economic growth by providing a K10 million sponsorship for the Annual Bankers Association of Malawi (BAM) …
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BusinessCurrencyEconomyFinanceMarketsRetailSales StrategySouth AfricaStock Market
South African Rand Strengthens on Higher Business Confidence and Retail Sales Growth
The South African rand gained further ground on Wednesday, helped by a weaker U.S. dollar and positive local economic data showing improved business confidence and retail sales growth. By mid-afternoon, …
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African AffairsBankingBusinessCorporate GovernanceFinanceMarketsSouth AfricaStock Market
Standard Bank to See Leadership Change in 2027
Standard Bank Group, Africa’s biggest bank by assets, has confirmed that its Chief Executive Officer, Sim Tshabalala, and Chief Financial Officer, Arno Daehnke, will step down from their roles by …
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EconomyFinanceInflationMonetary PolicyTrade
Lesotho Faces Threat from Global and Regional Economic Risks
Lesotho’s economy is trying to recover after years of challenges, but the progress made this year could be at risk if global and regional economic conditions worsen. This was the …
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BankingBusinessCorporate AffairsEconomic PolicyFinanceINVESTMENTNigeriaTradeTrade & Investment,
Stanbic IBTC Bank Wins Best Cash Management
Stanbic IBTC Bank has received top honours at the Cosmopolitan The Daily Business Awards, securing two prestigious titles — Best Cash Management Bank in Nigeria and Best Trade Finance Bank …