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, …
News
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BusinessBusiness PoliciesLegal AffairsMobile AppsNewsSouth AfricaTechnology
Truecaller Under Investigation in South Africa Over Privacy Law Breach Complaints
The Information Regulator of South Africa has confirmed that it is investigating mobile app Truecaller after several companies and individuals complained that the service violated the country’s Protection of Personal …
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BusinessCorporate AffairsEconomyMonetary PolicyNewsTaxationZIMBABWE
Treasury’s Tough Stance Raises Heat on Zimbabwean Companies
Zimbabwe’s corporate sector is facing fresh pressure after the country’s Finance Minister, Professor Mthuli Ncube, used his mid-term budget review to focus more on boosting government revenue than providing incentives …
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BusinessEconomyGovernanceNewsPublic FinanceZIMBABWE
Zimbabwe Finance Minister Warns Over Procurement Chaos Draining Treasury
Zimbabwe’s Finance Minister, Professor Mthuli Ncube, has raised alarm over what he calls “procurement chaos” in government ministries, warning that it is draining the Treasury and putting the country’s fragile …
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Nigeria’s Chief of Defence Staff, General Christopher Musa, has defended the country’s military operations against insurgents and armed criminal gangs, saying the armed forces are doing everything possible to avoid …
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Eastern AfricaEconomyIndustrialisationINVESTMENTNewsTrade
Tanzania Launches New SEZ Drive to Attract Global Investors
Tanzania has kicked off a major investment campaign aimed at transforming the country into one of Africa’s leading industrial and investment hubs. Speaking during the launch in Dar es Salaam, …
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BusinessCorporate EarningsEconomyNewsTechnologyTransportation
Bolt Says Top 50 Nigerian Drivers Earned N9.6m in Six Months
Bolt, one of Africa’s largest ride-hailing companies, has announced that its top 50 drivers in Nigeria earned an average of N9,662,105 in the first half of 2025. This translates to …
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Business and EconomyForeign AffairsINVESTMENTMiningNatural ResourcesNews
De Beers Discovers First New Kimberlite Field in Angola After 30 Years
De Beers, the global diamond giant, has made a significant discovery in Angola—its first kimberlite field in three decades. The announcement came on Tuesday, August 12, 2025, from the company’s …
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EgyptGovernment PolicyHousingLegal AffairsNewsReal EstateTenants and Landlords
Egypt Begins Implementation of New Old Rent Law Procedures
Egypt’s Ministry of Housing has announced the start of official steps to implement the new “old rent” law, with a focus on Article 8, which defines the rights and responsibilities …
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BusinessCorporate EarningsFinanceInsuranceNewsNigeria
FBS Reinsurance Grows Insurance Revenue by 85% to N50.9bn in 2024
FBS Reinsurance Limited, an indigenous player in Nigeria’s insurance sector, has reported a strong financial performance for the 2024 financial year, with insurance revenue rising by 85 per cent to …