The Central Bank of Nigeria (CBN) has commenced deductions from accounts of defaulters under its development finance interventions to recover outstanding loans. Yusuf Yila, director, development finance of the CBN, said this …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
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The Lagos State government has suspended the planned implementation of ₦150,000 safety audit fees for tech hubs and co-working spaces. The fee comprises a ₦50,000 ($115.92) documentation fee and a …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
Shell acquires Nigeria’s Daystar power in first Africa power buy
Energy giant Shell Plc has acquired Nigeria-based hybrid solar power solutions provider Daystar Power, in its first acquisition of a power firm in Africa. Founded in 2017, Daystar Power is …
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AfricaAFRICA NEWSEnergyNewsSouth AfricaSouthern Africa
Turkish Karpowership aims for environmental ruling in SA by April
Karpowership, the Turkish company seeking to supply 1 220 megawatts of power to South Africa, will refile an application to the environment department in a bid to move its project …
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AfricaBanking, Finance & InvestmentBusinessINVESTMENTNewsSouth AfricaSouthern Africa
SA’s Fedgroup adds hemp to its impact farming investment options
South Africa’s financial services provider Fedgroup has added alternative asset cannabinoid hemp to its impact farming investment options, allowing investors to tap into an emerging market projected to be worth …
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AfricaBusinessGlobal NewsNewsSpotlightTechnology
Netflix creates first internal studio to build video games
Netflix on Monday announced plans to establish an internal games studio in Helsinki, Finland. This will be the fourth video game studio under the Netflix label, but it’s a notable …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNewsNigeriaWestern Africa
eNaira app downloads hit 905,588
The Central Bank of Nigeria (CBN) has stated that the eNaira application has so far recorded a total of 905,588 downloads. CBN Governor, Godwin Emefiele, revealed this on Tuesday in Abuja after the Monetary …
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AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt set up committee to ease customs clearance and tax return to participants in COP27
Finance Minister Mohamed Ma’eit has decided to form a committee, whose job it will be to ease customs clearance and value-added tax return to participants in the upcoming climate summit, …
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsOil & GasWestern Africa
Ghana records $731m from oil production in H1, 2022
Ghana earned a total of over $731.94 million from oil production in the first half of 2022. This earnings came from the three fields namely, Jubilee, TEN and Sankofa Gye …
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AfricaBusinessEconomyGhanaNewsWestern Africa
Ghanaian businesses given ultimatum to change auditors serving for more than 6 years
The Registrar of Companies, Jemima Oware, has given a directive to all companies in Ghana to change their auditors who have served for more than six years. The directive which …