The Ghana Exim Bank has launched the raw material development project aimed at addressing raw material shortages among companies it is financing. According to the bank, most of the factories …
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Bank of England raises interest rate to 1.75%, biggest hike in 27 years
The Bank of England, on Thursday, raised its interest rates from 1.25 percent to 1.75 percent, the biggest hike in 27 years. According to the central bank of the United Kingdom, the decision …
- AfricaBusinessMobile Telecommunications Network (MTN)NewsNigeriaTechnologyTelecommunicationsWestern Africa
MTN Nigeria launches home broadband services
MTN Nigeria Communications Plc has launched Home Broadband services to accelerate broadband penetration in Nigeria. With this launch, the Federal Government of Nigeria is a step closer to achieving its plan of …
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Capitec’s Bank App outage persists for second day
Capitec South Africa banking app, USSD, and internet banking have been offline since early on Thursday morning. The Bank says it is still working on returning its banking services online …
- AfricaBusinessNewsSouth AfricaSouthern Africa
SAB withdraws its liquor sales ban case against the state
South African Breweries (SAB) has withdrawn its liquor sales ban case against the South African government, more than a year after it first took legal action. In court papers filed …
Shell Petroleum Development Company (SPDC) has the shutdown its floating, production, storage and offloading (FPSO) vessel, located off the Bayelsa coastline due to water leakage. The FPSO is a floating vessel used …
- AfricaAgricultureBusinessFood ProductionNewsNigeriaWestern Africa
AFDB grants Nigeria a $134 million loan for wheat production
The federal government of Nigeria has announced that it received a $134 million loan from the Africa Development Bank (AFDB) to boost wheat production. The Minister of Agriculture and Rural Development, Muhammad …
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Tensions as China begins largest-ever military drills in Taiwan after Pelosi’s visit
China on Thursday fired multiple missiles toward waters near Taiwan as part of large-scale military exercises following a visit to the island by House Speaker Nancy Pelosi. Us House speaker …
- AfricaBusinessEconomyINVESTMENTNewsNorthern Africa
Morroccan diaspora remittances reach $4.6 Billion in H1
Remittances from Morocco’s diaspora reached MAD 47.04 billion, or $4.56 billion during the first half of 2022. According to new data from Morocco’s Foreign Exchange Office, the number represents an increase …
Morocco’s phosphate and derivatives sales reached over MAD 57.46 billion ($5.57 billion) at the end of June, representing an increase of 84.3% compared to the same period in 2021. New …