The Federal Government of Nigeria has called on private investors particularly art lovers to join hands on the completion of the Millennium Tower and Cultural Centre (MTCC). The call was …
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Egyptian startup, Convertedin secures $3M in seed funding round
Convertedin, a marketing automation platform has announced that it raised a $3 million seed funding round from global and regional investors. CEO Mohamed Fergany confirmed the development in a media release …
- AfricaBusinessEconomyINVESTMENTNewsNorthern Africa
Morroccan diaspora remittances reach $4.6 Billion in H1
Remittances from Morocco’s diaspora reached MAD 47.04 billion, or $4.56 billion during the first half of 2022. According to new data from Morocco’s Foreign Exchange Office, the number represents an increase …
- AfricaBusinessFinance & ServicesGlobal NewsHealthcareINVESTMENTNewsSouth AfricaSouthern Africa
Consortium to buy S.Africa hospitals firm Mediclinic for $4.49 billion
South Africa’s Remgro Ltd (REMJ.J) said on Thursday it will buy hospital chain operator Mediclinic International (MDCM.L) in a consortium with Switzerland’s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion). The offer, which …
The Nigerian Exchange Limited (NGX) has lifted the trading suspension placed on trading the shares of C & I Leasing Plc for failing to file its financial results for 2021, …
Centum real estate reported a Sh650million consolidated operating profit for the year ended March 31, driven by profits from homes sales and development rights business line. Home sales achieved significant …
M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a larger share of the country’s cross-border payments market. The virtual …
World Bank has extended a KSh390 million facility to 14 firms in 14 counties, seeking to use solar energy to light up areas not on the national grid, and benefitting …
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Government To Implement AfCFTA Strategy To Boost Country’s Trade
The government has embarked on a sensitization campaign countrywide to create awareness amongst the business community on the opportunities offered by the African Continental Free-Trade (AfCFTA) and how to exploit …
- BusinessEntrepreneurshipINVESTMENTManufacturing & Consumer Goods
Tanzania hits traders with nearly double export fees
Tanzania has doubled the cost of export permits by 93 percent, a move likely to open another round of trade dispute between Nairobi and Dar es Salaam. The authorities in …