The South African Reserve Bank’s Prudential Authority has issued a guidance note to banks discouraging them from cutting off companies that offer cryptocurrency services. In a note signed by Prudential …
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Banking, Finance & InvestmentCryptocurrencySouthern Africa
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaOil & GasWestern Africa
Federal Government of Nigeria inaugurates team to tackle gas flaring
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …
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Banking, Finance & InvestmentEconomyKenya
Bank Of Kigali Books Sh926mn New Diaspora Customer Deposits In Four Months
Kigali Bank has booked Sh926million new customer deposits from Rwandans in diaspora within four months. The cash deposits were collected from existing and new customers following a successful marketing campaign …
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Property developer Mi Vida has completed the first phase of its apartments at Garden City, which are part of its Sh12 billion investment roll-out in Nairobi. The completion paves way for …
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Safaricom has appointed John Ngumi as its director and Chairman of the Board effective August 1, subject to regulatory approval. Ngumi will take over from Michael Joseph who served as …
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BusinessSouth AfricaTechnologyTransportation & Logisitics
Toyota South Africa resumes production at its plant in Durban
Toyota South Africa Motors (TSAM) has commenced production of virtually all its models at its Prospection plant in Durban following the suspension of production on 12 April due to significant …
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The Kenya Revenue Authority (KRA) has finally agreed to re-open Keroche Breweries Limited (KRA) in compliance with a court order after it was cited for contempt. The authority said it …
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East African Breweries PLC (EABL) has reported Sh15.6billion in net profit for the full year ended 30 June 2022, a 124 per cent growth compared to Sh6.9billion posted in the …
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Facebook and Instagram competes with TikTok, pushes more content.
Meta Platforms CEO Mark Zuckerberg plans to more than double the amount of recommended content pushed to Facebook and Instagram users by the end of 2023. According to Zuckerberg, recommended …
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Safaricom has partnered with education technologies firm Kodris Africa to promote the study of coding in the country by allowing the purchase of lessons on the M-PESA app. Customers can …