As part of preparations to float the proposed national carrier, Nigeria Air, the Federal Government on Friday announced Ethiopian Airlines as the preferred bidder. Minister of Aviation, Sen. Hadi Sirika, said …
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AfricaAviationBusinessINVESTMENTNewsNigeriaWestern Africa
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AfricaBusinessEconomyNewsNigeriaReal EstateWestern Africa
PenCom approves use of RSA balance for mortgage
The National Pension Commission (PenCom) on Friday announced that it has approved guidelines for pension contributors in active employment to get a residential mortgage using their retirement savings account (RSA). …
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AfricaEconomyGhanaNewsWestern Africa
Sovereign debt default ‘a real possibility’ for Ghana, says Fitch director
Sovereign debt default is “a real possibility” for Ghana, and any kind of domestic debt restructuring could severely threaten the local banking sector, a senior director from the ratings agency …
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Egypt is exploring financing financing options that include affordable loans from China and Japan, Finance Minister Mohamed Maait said on Thursday. The North African country is seeking to diversify its …
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AfricaBanking, Finance & InvestmentEconomyEgyptNewsNorth AfricaNorthern AfricaUncategorized
Egypt’s central bank keeps interest rates unchanged for the third time in a row
Egypt’s central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row. The central bank’s Monetary Policy Committee (MPC) has maintained its …
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AfricaAFRICA NEWSBusinessEconomyEgyptHospitality, Travel & TourismNewsNorth AfricaNorthern AfricaTransportation & Logisitics
Booking.com no longer supports Egyptian Pound
Booking.com, a Dutch online travel agency for lodging reservations & other travel products, announced Wednesday the stoppage of supporting the Egyptian pound starting from Thursday, Sept. 22. This announcement means …
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AfricaAFRICA NEWSBusinessEconomyEnergyNewsSouth AfricaSouthern Africa
South Africa signs R11bn wind energy deals to tackle energy crisis
The South African government on Thursday signed three renewable energy deals worth R11 billion with independent producers to supply wind energy amid worsening blackouts in the country. The three agreements …
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AfricaBusinessNewsSouth AfricaSouthern Africa
MultiChoice acquires its first non-entertainment business
MultiChoice has acquired its first non-entertainment business, emergency response app Namola, which offers users a platform to rapidly share their location with emergency responders. Once dubbed the ‘Uber for police’, …
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AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsSouth AfricaSouthern Africa
AFDB offers South Africa a financing deal to raise $41bn
The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest …
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AfricaEconomyEgyptGlobal NewsNewsNorth AfricaSouthern Africa
As COP27 looms, Africa receives a 10th of climate financing it needs
As the international climate community prepares for COP27 in Sharm el-Sheikh, Egypt, new analysis shows just how far off their host continent is in terms of attracting the finance it …