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 …
The board of Shelter Afrique has appointed Thierno-Habib Hann as the new chief executive to succeed MR Andrew Chimphondah who quit suddenly in February. Mr Hann currently serves as the …
Airtel Africa, Africa’s leading provider of telecommunications and mobile money services, today, has announced the signing of a $125 million revolving loan facility from Citibank to support operations in its subsidiaries. …
Beacon Power Services (BPS), a Nigerian energy-tech company, has announced closing a $2.7 million seed round funding led by Seedstars Africa Ventures. The founder and CEO, Bimbola Adisa, in a …
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 …
Vodafone has agreed to sell its operations (majority stake) in Ghana to Africa-focused Telecel Group. Telecel plans to help fund the acquisition by later offloading the Ghana business’s mobile towers. …
Truworths International reported on Tuesday a 9% rise in annual sales as lockdown restrictions eased at home and in the United Kingdom. Shares in Truworths, which also owns UK-based shoe chain …
The African Continental Free Trade Area (AfCFTA) Secretariat has secured $11.24 million grant from the African Development Bank to accelerate African intra-trade. The AfCFTA Secretariat, currently in phase II of …
Pick n Pay’ on Tuesday witnessed a jump in share price from 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its …