The Central Bank of Nigeria (CBN) says it will debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR) to allow for the mopping-up of liquidity. …
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AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
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AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South Africa moves to restructure troubled Eskom’s board
The South African government has announced plans to restructure the board of state power utility Eskom to address an energy crisis in the continent’s most-industrialised economy. Public Enterprises Minister Pravin …
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AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt aims to raise $6B through selling stakes in state-owned companies before mid-2023
Egypt aims to raise up to $6 billion, before June 2023, by selling stakes in state-owned companies, according to the Minister of Planning, Hala El-Said. El-Said added that the program …
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AfricaAFRICA NEWSBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern AfricaOil & Gas
Egypt’s gas exports hit $8B in 2021/2022
Egypt’s exports of natural and liquefied gas amounted to about $8 billion in the fiscal year 2021/2022, according to a cabinet statement on Sunday. Previously, Finance Minister Mohamed Maait said …
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AfricaBuildingEconomyGhanaNewsWestern Africa
Too early to speculate on Ghana’s debt restructuring, says IMF
The International Monetary Fund (IMF) has cooled speculations that Ghana is poised to start talks on the restructuring of its debt as part of plans to secure a $3 billion …
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AfricaAFRICA NEWSBusinessEconomyEnergyGhanaINVESTMENTNewsOil & GasSpotlightWestern Africa
Ghana conducts oil and gas roadshow in Texas to attract investors
The Petroleum Commission together with upstream players, GNPC, GOIL, and Base Energy under the leadership of the Minister for Energy, Dr. Matthew Opoku Prempeh is in Houston, Texas, United States …
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AfricaAFRICA NEWSNewsNigeriaPoliticsWestern Africa
APC postpones commencement of presidential campaigns indefinitely, to expand campaign council
The Presidential Campaign Council (PCC) of the All Progressives Congress (APC) has indefinitely postponed the commencement of its campaigns for the 2023 presidential election, which was earlier scheduled for Wednesday, September 28. The decision follows plans …
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AfricaBusinessNewsNigeriaWestern Africa
National assembly to pass data protection bill within 30 days
The National Assembly says it will pass the Data Protection Bill within 30 days once it receives the draft from the Federal Executive Council (FEC). Yakubu Useni, the chairman of the …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Fidelity Bank partners with SMEDAN to empower SMEs
Fidelity Bank Plc in a bid to reinforce its support for SMEs has entered into a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaSpotlight
Circle K to enter South Africa in October
One of the United States’ (US) leading convenience retail brands, Circle K, is expected to open its first South African store in October. South Africa will soon have a new …