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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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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