Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank made this known in a corporate filing on …
Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …
Manager of Cotton Improvement Fund Adel Abdel Azim disclosed Monday that Egyptian cotton exports amounted to 60,000 tons valued at $380 million in 2021. Egypt exports 90 percent of its …
Digital bank for Africans in the diaspora, Moneymie, has shut down retail service operations. Without stating the reason for this, but a highlight of its transition to cross-border payments and payouts for …
The government of Japan and the African Development Bank (AFDB) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative …
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
The demutualisation of the Ghana Stock Exchange (GSE) to make it a Public Limited Company (PLC) is progressing steadily, chairperson of the GSE Council, Mrs Abena Osei-Poku, has said. Among …
Pepkor Holdings Ltd, a South African retailer announced Monday that Chief Executive Leon Lourens will resign from the board on Sept. 30 as he intends to retire by March 31, …
The Nigerian Bulk Electricity Trading (NBET) Plc says it has signed a partnership deal with Energy Exchange Istanbul (EXIST), a Turkish energy firm, to ramp up energy generation and supply. Over the …
Egyptian agriculture exports from January to 24 August this year have amounted to around 4,491,099 tons, Minister of Agriculture El Sayed El-Qusseir has said. A report by Ahmed El-Attar, head …
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