Naira fell significantly against the U.S dollar at the unauthorized parallel market on Monday, extending the local unit devaluation to N800 at the close of business. This implies a 2.83 …
AFRICA NEWSBusinessMarketsNigeria
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Africa
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AFRICA NEWSBanking, Finance & InvestmentFinance & ServicesTechnology
Fintech emerging as Africa’s most vibrant sector
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, this is according to study by Mastercard on the …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomyTechnology
Mastercard and Cellulant Partner to Allow Consumers across Africa to shop and pay online
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever Mastercard is accepted. The Mastercard virtual payment solution, linked to …
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BusinessTechnologyWestern Africa
PropTech Hub Africa Inc makes International Debut at GITEX, World’s Largest Tech Conference
PropTech Hub Africa Inc. made its International Debut at GITEX, the World’s Largest Tech Conference in October 2022. The Founder/CEO of PropTech Hub Africa Inc. Dr. Freeman Osonuga represented the …
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BusinessEconomyFinance & ServicesKenya NewsMarkets
Kenya Ranked Eighth In The 2022 Absa Africa Financial Markets Index
Kenya has moved up two positions in the latest Absa Financial Markets Index (AFMI) attributed to better environmental, social, and governance (ESG) market frameworks in the financial sector The country …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsTechnologyWestern Africa
Afreximbank moves to facilitate international trade with the launch of AFPAY
African Export-Import Bank (Afreximbank) today announced the commercial launch of Afreximbank Trade Payment Services also known as “AfPAY” to facilitate international trade between African financial institutions and their clients. The …
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AfricaBusinessGhanaNewsNigeriaSpotlightTechnologyWestern Africa
Vendease, a food sourcing platform for African restaurants raises $30M to deepen operations across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt …
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AfricaEconomyEgyptGlobal NewsNewsNorth AfricaSouthern Africa
As COP27 looms, Africa receives a 10th of climate financing it needs
As the international climate community prepares for COP27 in Sharm el-Sheikh, Egypt, new analysis shows just how far off their host continent is in terms of attracting the finance it …
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BusinessSouthern Africa
Huawei addresses Innovative approach to the growth trend of large scale data center demand across Africa
Huawei Digital Power Business Development Group‘ s Executive Riaan de Leeuw is of the opinion that “Data center demand in Africa is growing exponentially and shows no signs of slowing …
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AfricaAFRICA NEWSBusinessEconomyEnergyNewsNigeriaWestern Africa
World Bank, US commit $3bn to Nigeria’s energy transition plan
The World Bank and the US Export-Import Bank (EximBank) say they will commit over $3 billion to the implementation of Nigeria’s energy transition plan. The international organisations made the commitment …