To mark the Independence Day commemorated on August 3, the Republic of Niger on Wednesday honoured six Nigerians: two Presidential aides, two businessmen and two state governors, with their national …
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Ghana domestic airlines increase ticket prices
Prices of local airline tickets in Ghana have shot up by between 15 and 20 percent, prompting recession fears among local operators following “a gradual drop” in patronage. The new …
- Eastern AfricaEconomySafaricomTechnology
Safaricom Set To Revamp Corporate Structure to Spur Expansion
Safaricom Plc, the Kenyan mobile-phone company that counts Vodafone Group Plc as its biggest investor, plans to revamp its corporate structure in the next two years to make it easier to expand …
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Absa Bank, Amazon sign pact to lead cloud computing transformation
Absa Bank Ghana is working with Amazon Web Services (AWS) to provide cloud computing skills in. The partnership allows Absa to identify an implementing partner in Ghana to train and …
- BusinessEastern AfricaEconomySanlamUncategorized
Sanlam Kenya narrows half year net loss to Sh287m on lower taxes
Insurance firm Sanlam Kenya narrowed its net loss to Sh287.7 million in the half year ended June on the back of a lower tax bill and reduced expenses. The company …
- AfricaBusinessMobile Telecommunications Network (MTN)NigeriaTelecommunicationsWestern Africa
MTN Plans N113.9bn Interim Dividend For Shareholders
MTN Nigeria Communications (MTNN) Plc, in line with its dividend policy, approved an interim dividend of N113.98 billion, representing N5.60 per share to be paid out of distributable net income. …
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Honeywell, Jaiz Bank lead Nigerian capital market’s N364.3bn recovery
The equity capitalization in the Nigerian capital market rose to N27.30 trillion at the close of trading on Tuesday. The figure was N364.3 billion higher than the N26.93 trillion posted …
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Dangote Sugar records N29.73bn profit before tax in H1
Dangote Sugar Refinery Plc has declared a Profit Before Tax of N29.73 billion for the half year ended June 30, 2022. It said this on Tuesday in a report by …
- AfricaBusinessFinance & ServicesMobile Telecommunications Network (MTN)NigeriaTelecommunicationsWestern Africa
MoMo wallets records N2.4 active wallet, in less than two months
MoMo, MTN’s Payment Service Bank, has recorded 4.2 million wallets with 2.4 million being actively used in less than two months of its launch. The company disclosed this in its financial result …
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Elon Musk keeps selling Tesla shares even without Twitter deal
Investors expect Elon Musk to sell more shares of his electric carmaker Tesla Inc. by the end of 2022, according to the latest MLIV Pulse survey. About 75% of 1,562 …