The Ghana Standards Authority (GSA) has described false the reports that the Suzuki S-Presso vehicle model marketed by CFAO Ghana is not safe for use. In a viral video on …
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Amazon opens new office in Johannesburg to support South Africa’s growing cloud market
Amazon Web Services (AWS) has opened a new office in Johannesburg, to support growing demand for AWS technology in the country. “The new office will support South Africa’s burgeoning cloud …
- AfricaAFRICA NEWSBusinessFinance & ServicesGlobal NewsKenyaNewsNigeriaTechnology
Flutterwave prepares for initial public offering on Nasdaq Stock Exchange
Flutterwave, Africa’s fintech giant is preparing for an initial public offering on the Nasdaq stock exchange amid regulatory hurdles in its key markets. The Nasdaq stock market is an American …
- AfricaAFRICA NEWSBuildingEconomyNewsSouth AfricaSouthern Africa
Cashbuild exits Zambian market over tough trading condition
Cashbuild, the largest retailer of building materials and associated products operating in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia is closing its two underperforming stores in Zambia, over …
- AfricaAFRICA NEWSBusinessNewsNigeriaTechnologyTelecommunicationsWestern Africa
NCC raises international calls termination rate to $0.10
Telecommunications companies operating in Nigeria are set to earn more from international calls as the Nigerian Communications Commission (NCC) increases the international termination rate (ITR) to $0.10 from the current $0.045 for voice services. …
- AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaSpotlightTechnologyWestern Africa
Risevest CEO steps down on allegations of sexual misconduct
Founder and chief executive officer (CEO) of Risevest, a Nigerian stock investment app, Eke Urum, has stepped down due to an ongoing investigation into sexual and non-sexual impropriety allegations against him. …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEastern AfricaKenyaKenya NewsNewsNigeriaSpotlightTechnologyWestern Africa
Kenyan court freezes more money belonging to Flutterwave
A Kenyan High Court has frozen an additional sum of $3.3 million (Sh400.6 million) belonging to Nigeria’s fintech Unicorn Flutterwave over allegations of money laundering and card fraud. This comes …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt seeks to issue $500M in Chinese bond, $1.5-$2B in sovereign sukuk
Egypt is looking forward to issuing bonds in Chinese yuan – Panda worth more than $500 million, Minister of Finance, Mohamed Maait, stated Monday. On the sidelines of a conference …
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Electronic issuance of receipts becomes mandatory in Egypt
Electronic issuance of receipts in Egypt has become compulsory as the Minister of Finance sets deadline for all firms operating in Egypt to join the e-receipt system. According to Minister …
- AfricaAFRICA NEWSAviationGlobal NewsNewsNigeriaTransportation & LogisiticsWestern Africa
Delta Airline suspends New York to Lagos Flights, effective Oct 4
Delta Airline, United States’ longest serving flight operator in Nigeria has revealed that it will from October 4, 2022, suspend flight operations between JFK airport, New York and Lagos. In …