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 …
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- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
CBN begins deductions from states, and farmers’ accounts to recover loans from its intervention programmes
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 …
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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 …
- 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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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, …
- 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 …
- 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 …
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African countries urged to speak out against worker abuse ahead of Qatar World Cup
With just about two months before the 2022 FIFA World Cup begins in Qatar, calls have mounted for African countries to seek justice for their citizens who have worked in …
- AfricaAFRICA NEWSBusinessNewsNigeriaSpotlightTechnologyWestern Africa
Calendly acquires recruiting startup, Prelude
Calendly, a $3 billion scheduling startup has acquired Prelude, a startup specializing in the hiring process. Prelude is specifically geared toward scheduling job interviews or other types of recruitment-related meetings. Tope …