A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
business
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BusinessDevelopmentELECTRICITYEnergyEnvironmentInfrastructureNigeria
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BusinessEconomyFinance & ServicesGOVERNMENTNigeria
$500m W’Bank Loan: LCCI charges FG on fiscal discipline, transparency
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
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AfricaALGERIABusiness and EconomyEgyptFinance & ServicesMoroccoNigeriaTANZANIA
Africa’s Billionaires’ Wealth Reaches $105 Billion; Dangote Leads for 14th Year
Forbes’ latest report reveals that Africa’s billionaires have amassed a combined wealth of $105 billion, a significant Increase from $82.4 billion the previous year. This marks the first time their …
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Banking, Finance & InvestmentBusinessBusiness and EconomyNigeriaWestern Africa
Keystone Bank Takes Over Bacita Sugar Company Over N25.3 Billion Debt
Keystone Bank has taken full control of Bacita Sugar Company, also known as Josepdam Sugar Company, after the firm failed to repay a debt of N25.3 billion. The financial institution …
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9mobileBusinessInformation & TechnologyNigeriaTechnologyTelecommunicationsWestern Africa
9mobile Refutes Shutdown Rumors, Assures Customers of Uninterrupted Service
9mobile has come out in full force to dismiss the recent rumors swirling about a possible shutdown of its operations. In a firm statement issued by top management, the telecom …
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AFRICA NEWSKenyaKenyan News
Kenyan billionaire David Langat donates $1-million school to rural area
by Editorby EditorDavid Langat, a prominent Kenyan businessman and founder of the DL Group, one of East Africa’s major private conglomerates, has donated a $1-million private primary school in Koilot, located in Nandi …
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BusinessBusiness and EconomyNigeria
Businesses bear brunt of Tinubu’s failing reforms as naira tumbles
by Editorby EditorSmall, medium and large businesses in Nigeria that need dollars to source inputs and equipment are currently bearing the brunt of the failing foreign exchange reforms of President Bola Tinubu …
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AfricaAFRICA NEWSGhana
Ghana to conduct maiden all-encompassing business census in October
by Editorby EditorThe Ghana Statistical Service (GSS), will in October 2023 conduct the country’s first all-encompassing business census to generate comprehensive data on all businesses and their characteristics. Unlike previous censuses that …
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AFRICA NEWSBusinessUncategorized
The East African Business Association’s objective is to empower immigrant business proprietors and enhance their capabilities.
by Editorby EditorThe East African community in Minnesota is growing every year, but new businesses that come with that growth might not always get the support they need. Amani Radman was attending …
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BusinessGlobal NewsInformation TechnologySpotlightTechnology
Google in a bid to increase workplace Individual storage
Google has announced a significant upgrade for its Workspace Individual subscribers that will see their storage increased to 1TB at no extra cost. Currently, Workspace Individual subscribers receive the same allocation …