Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
Trade and Commerce
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BusinessEconomyFinanceGovernment PolicyTaxationTrade and Commerce
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AfricaBankingEconomyFintechInnovationTrade and Commerce
UBA Launches AI-Powered Cross-Border Payment with PAPSS
The Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), Mr Oliver Alawuba, has described the Pan-African Payment and Settlement System (PAPSS) as Africa’s strategic response …
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EconomyTechnologyTrade and CommerceTransportation & Logisitics
APM Terminals Partners Customs to Support B’Odogwu Platform Rollout at Apapa Port
APM Terminals Apapa has joined forces with the Nigeria Customs Service (NCS) to fast-track the rollout of the new B’Odogwu unified customs management platform at the Lagos Port Complex in …
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EconomyManufacturingMaritimePoliciesTrade and Commerce
Nigeria Customs Urges Stakeholders to Embrace New Trade Facilitation System Ahead of 2025 Deadline
The Nigeria Customs Service (NCS) has started sensitising maritime and trade stakeholders on the transition from the existing Fast Track system to the Authorised Economic Operator (AEO) Programme, with full …
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EconomyInfrastructureMaritimeTax PolicyTrade and CommerceTransportation & Logisitics
Nigeria Risks Losing N1.6 Trillion Annually as Port Activity Declines
A maritime research group, Sea Empowerment Research Centre (SEREC), has raised alarm over Nigeria’s declining port activities, warning that the country could lose as much as N1.6 trillion every year …
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BusinessDigital EconomyFinance & ServicesSafaricomStartupsTechnologyTrade and Commerce
Safaricom, PayPal Link M-PESA Wallets for Global Transactions
Safaricom’s M-PESA service has partnered with PayPal to allow Kenyans to move money easily between their mobile money wallets and PayPal accounts. The new partnership is expected to benefit over …
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BankingEconomyEnergyFinance & ServicesInfrastructureNigeriaOil & GasTrade and Commerce
Afreximbank Grants $1.35bn Loan to Dangote Industries to Boost Refinery Operations
The African Export-Import Bank (Afreximbank) has given a major financial boost to Dangote Industries Limited (DIL) by approving a $1.35 billion loan facility to support its massive refinery project. This …
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AviationEconomyInfrastructureTrade and CommerceTravel & TourismZIMBABWE
Zimbabwe Flight Numbers Drop 42% in Early 2025
Zimbabwe recorded a sharp 42% drop in flight numbers during the first quarter of 2025, according to a new report by the Zimbabwe National Statistics Agency (ZimStat). The agency revealed …
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EconomyGOVERNMENTTrade and CommerceWestern Africa
Nigeria, Benin Agree on Joint Trade Framework to Tackle Border Bottlenecks
Nigeria and the Republic of Benin have reached a landmark agreement to create a joint trade framework aimed at removing trade barriers, improving logistics, and deepening economic cooperation between the …
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CommoditiesEconomyFinance & ServicesGOVERNMENTInternational AffairsTrade and Commerce
Ghana Records $5.57 bn Trade Surplus in H1 2025
Ghana’s economy recorded a major boost in the first six months of 2025, as the country posted a trade surplus of $5.57 billion, according to fresh data from the Bank …