The Association of Licensed Telecommunications Operators of Nigeria says banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from N42 billion reported in 2021. The President of …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaTelecommunicationsWestern Africa
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
fentanyl enough to kill more than 220,000 people found in a shipment from South Africa
The US Customs and Border Protection agency says it has seized a large quantity of deadly fentanyl in a shipment from South Africa it detained on 21 September. In total, the fentanyl …
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AfricaAFRICA NEWSBusinessGlobal NewsNewsSpotlightTechnology
Google to shut down its cloud gaming service Stadia in January 2023
Google is shutting down its cloud gaming service Stadia less than three years after its launch. According to the tech giant, users will have access to their games until 18 …
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AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
Eskom employees receive an additional 1.5% wage increase
Employees of troubled South African power company Eskom have been awarded a further 1.5% wage increase, backdated to July 2021. The Commission for Conciliation, Mediation and Arbitration (CCMA) ruled on Thursday (29 …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsTechnologyWestern Africa
Afreximbank moves to facilitate international trade with the launch of AFPAY
African Export-Import Bank (Afreximbank) today announced the commercial launch of Afreximbank Trade Payment Services also known as “AfPAY” to facilitate international trade between African financial institutions and their clients. The …
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AfricaAFRICA NEWSBusinessChipperFinance & ServicesGhanaNewsNigeriaTechnologyWestern Africa
Chipper Cash gets Bank of Ghana approval for US remittances
Chipper Cash, an African cross-border payments company, has received authorization from the Bank of Ghana (BoG) to provide remittance services from the United States of America to the country. The …
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AfricaAFRICA NEWSBusinessGhanaNewsWestern Africa
Ghana’s return to capital market may take 3 years due to impact of downgrades
Ghana’s return to the International Capital Market may not materialise anytime soon due to the negative impact of downgrades on its economy by international rating agencies, Finance Minister, Ken Ofori-Atta …
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AfricaAFRICA NEWSEgyptNewsNorth AfricaNorthern Africa
EGAS announces 5 new gas discoveries in Mediterranean Sea, Nile Delta
The Egyptian Natural Gas Holding Company (EGAS) announced that 5 new gas discoveries were made in the Mediterranean and the Nile Delta, with total reserves of about 317 billion cubic …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
South Africa bans Bain & Co. from public sector contracts for a decade
National Treasury has banned global consultancy firm Bain & Co. from tendering for public sector contracts for a period of 10 years, citing fraud. “The effective date of restriction is …
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AfricaAFRICA NEWSBusinessINVESTMENTNewsTechnologyTelecommunications
Wiocc Group secures $30M equity investment to support Africa’s Digital infrastructure expansion
Wiocc Group, a leading digital connectivity and infrastructure provider in Africa, has secured a US$30-million (R540-million) equity investment from the International Finance Corporation (IFC). The new investment will support WIOCC …