Ghana and Finland have signed a framework agreement on projects to be funded under Finland’s Public Sector Investment Facility (PIF) Scheme. The agreement was signed on Monday on the margins …
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AfricaAFRICA NEWSBusinessEconomyGhanaINVESTMENTNewsWestern Africa
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNewsSouth AfricaSouthern Africa
SA Reserve Bank again hikes interest rates by 75 basis points
The SA Reserve Bank on Thursday raised its main lending rate by 75 basis points to 6.25%, for the second meeting in a row. Three members of the monetary policy …
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AfricaBinanceCryptocurrencyGlobal NewsNewsNigeriaSouthern AfricaSpotlightTechnologyWestern Africa
Binance creates a new global Advisory Board, appoints two Africans
Leading cryptocurrency exchange, Binance, has announced the creation of a new Global Advisory Board (GAB). The new board is composed of well-known 11 members who are experts in public policy, government, …
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AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaWestern Africa
Flutterwave adds Google Pay as payment option on its platform
Flutterwave, Africa’s leading fintech company, today announced Google Pay, a mobile payment service, developed by Google, as a payment method on Flutterwave’s platform. As part of this collaboration, Google Pay will …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaTelecommunications
South Africa’s Blue Label finalises Cell C restructuring deal
South Africa’s Blue Label Telecoms Ltd announced Thursday that it had concluded an agreement to restructure and refinance mobile operator Cell C’s 7.3 billion rand ($411 million) debt to bolster its …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Government doubles down on new tax rules for South Africa
The National Treasury and South African Revenue Service (SARS) are standing their ground on proposed amendments to tax legislation in South Africa, despite protests from businesses. Speaking to the parliamentary …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaWestern Africa
First Bank to suspend int’l transactions on naira cards Sep 30
First Bank of Nigeria says it will suspend international transactions on its naira Mastercard from September 30. In a recent statement to its customers, the bank said such transactions would not …
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Ghana’s economy grew by 4.8 percent, year-on-year, in the second quarter of this year largely due to the manufacturing and crop and cocoa sectors, the Ghana Statistical Service (GSS) has …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaTechnologyWestern Africa
Nigerian tech startups raised Over $2b in 7 years, the highest on the continent
The Nigerian startup ecosystem has recorded a significant amount of growth in terms of investments, with Lagos taking the lead. According to a report, about 383 Nigerian tech startups raised a …
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The Debt Management Office (DMO) said Nigeria’s total public debt stock, which was N41.60 trillion (100.07 billion dollars) in March rose to N42.84 trillion (103.31 billion dollars) by June. According …