Governor of the Central Bank of Egypt (CBE) Tarek Amer resigned Wednesday and was appointed consultant to President Abdel Fatah al-Sisi. The president thanked Amer for the efforts he deployed …
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- AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEgyptNewsNorth AfricaNorthern Africa
Central Bank of Egypt collects EGP 100B from local banks
The Central Bank of Egypt (CBE) collected EGP 100 billion from local banks in the weekly open market operations (OMO) auction at a fixed rate of 11.75%, according to data published on …
- AfricaAFRICA NEWSEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
SCZONE, Toyota Tsusho signs MoU for renewable energy projects in Egypt
Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding (MoU) with Toyota Tsusho Corporation, a member of the Japanese manufacturer Toyota Group, …
- AfricaAFRICA NEWSBusinessEastern AfricaINVESTMENTKenyaKenya NewsKenyan NewsNewsTechnologyTransportation & Logisitics
Google invests in African e-logistics firm Lori Systems
Lori Systems, the e-logistics company digitising haulage and providing shippers with solutions to efficiently manage their cargo and transporters has raised a pre-Series B round in which Google participated along …
- AfricaAFRICA NEWSAgricultureBusinessEnergyNewsNigeriaOil & GasWestern Africa
Savannah Energy signs gas sales agreement with Notore Chemical Industries
Savannah Energy PLC, a leading African‑focused British independent energy company, has entered into a new gas sales agreement (“GSA”) with Notore Chemical Industries PLC. Accugas, a subsidiary of Savannah Energy will …
- AfricaAFRICA NEWSGlobal NewsNewsNigeriaSpotlightTechnology
Microsoft opens US, Canada job opportunities for fresh graduates from Nigeria, other African countries
Microsoft has announced employment opportunities for fresh graduates from Nigerian universities and other African countries. Specifically, the company is looking for software engineers from across Africa to join its US and Canada …
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
UK cuts tariffs for goods imported from Africa to boost trade
The UK government says it will remove tariffs from up to 99 percent of goods imported from Africa and other developing countries. In a statement on Tuesday, the British High Commission in …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
Central Bank of Nigeria Raises interest rate on banks deposits to 4.2%
The Central Bank of Nigeria (CBN) has raised the interest rate on bank customers’ deposits. According to the Apex Bank, bank customers will be getting at least 4.2 per cent …
Prices of petroleum products are expected to see a rise beginning today, August 16 as part of the adjustments for the 2nd pricing window of August. This was revealed by the …
The Bank of Ghana (BoG) is convening an emergency Monetary Policy Committee meeting on Wednesday, August 17, 2022, over recent challenges faced by the Ghanaian economy. The meeting according to …