President Abdel Fatah El-Sisi issued Thursday a republican decree appointing Hassan Abdullah former Vice Chairman & Managing Director of the Arab African International Bank, as acting governor of the Central …
News
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEgyptNewsNorth AfricaNorthern Africa
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern AfricaTransportation & Logisitics
Mercedes-Benz Egypt to open logistics hub at SCZONE in 2022
Mercedes-Benz Egypt is getting ready to begin operations at its new logistics hub at the Suez Canal Economic Zone (SCZONE) in Ain Sokhna soon this year, according to a press …
- AfricaAFRICA NEWSBanking, Finance & InvestmentGhanaNewsWestern Africa
Bank of Ghana dismisses reports about freeze on new dollar accounts
The Bank of Ghana has dismissed reports that it has banned the opening of new dollar accounts in the country. In a public notice, the Central Bank said it had …
- AfricaBusinessNewsTechnology
Koolboks closes $2.5M Seed Round to Scale Solar Refrigeration across Africa
Koolboks, the sustainable cooling company providing accessible cold storage solutions to businesses across Africa, has closed a $2.5M Seed funding round, led by Aruwa Capital Management and with participation from Acumen, Blue Earth Capital, All …
- AfricaAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
Farm gate purchases: FGN sets up committee to implement ban on foreigners
The federal government of Nigeria has set up an inter-ministerial standing committee to oversee the implementation of a memo on the “Promotion of Agri-Business in Nigeria through Right Farm Gate …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
CBN Returns Interest Rate On Intervention Loans To 9%
The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine percent from five percent a circular that was released by the apex bank …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Customs revenue up by 29% at N1.3trn in six months
The Nigeria Customs Service (NCS) says it generated N1.293 trillion between January and June 2022 as revenue for the federation. This represents a 28.83 percent increase from the N1 trillion generated within …
- AfricaAFRICA NEWSAviationBusinessEconomyNewsNigeriaTransportation & LogisiticsTrending TodayWestern Africa
Emirates shuts down flight operations in Nigeria
Emirates Airlines has announced the suspension of its flight operations to Nigeria effective September 1, 2022. The flag carrier of the United Arab Emirates (UAE) disclosed this in a statement …
- AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Ghana emergency MPC meeting: Goldman Sachs predicts 200bp hike in policy rate
Goldman Sachs, a global investment and research firm, has predicted that the Bank of Ghana (BoG) will raise its policy rate by 200 basis points (bp) on Wednesday when it …
- AfricaAFRICA NEWSBusinessGhanaNewsTechnologyWestern Africa
Vodafone Ghana plans to deploy 300 4G and 3G sites by October
Vodafone Ghana is rolling out 300 4G LTE sites and 3G sites in several communities across the 16 regions of Ghana by the end of October this year. This represents …