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Corporate
AfDB to Lend Nigeria $500 Million in Budget Support, says Sank Executive
The African Development Bank (AfDB) will lend Nigeria $500 million this year as part of a $1 billion budget support…
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Commodities
Oil Rises on Russia Sanctions Fears; Oversupply Worries Cap Gains
Oil prices rose on Thursday following losses in the previous three sessions as the potential for tighter sanctions on Russian…
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Markets
Elon Musk Becomes First Person to Hit $500 Billion Net Worth
Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by…
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East Africa
Madagascar Protesters Demand President’s Resignation in Fifth Day of Rallies
Hundreds of protesters across Madagascar demanded the resignation of President Andry Rajoelina on Wednesday, taking to the streets for a…
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Kenya
Kenya Launches African Trade Gateway for Cross-Border Trade
The African Export-Import Bank (Afreximbank) has formally activated the Africa Trade Gateway (ATG) Kenya chapter after it struck a partnership…
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International
UK, US to Announce Tech, Energy Deals During Trump Visit
The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump’s unprecedented…
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Cryptocurrencies
Republicans Push New Crypto Bill as Democrats Warn of Financial Risks
Republicans in Congress are seeking to extend a recent winning streak on cryptocurrency legislation, but Democrats are raising sharp concerns…
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West Africa
Nigeria’s Oil Production Topped 1.8 million Barrels Per Day in July
Nigeria’s oil production surpassed 1.8 million barrels per day (bpd) last month, with current average output at 1.78 million bpd,…
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East Africa
Kenya’s Debt Costs to Remain High Due to Local Borrowing, Moody’s Says
Kenya’s cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody’s said on Wednesday, as the…
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Cryptocurrencies
Nigerian Crypto Startup Roqqu Acquires Kenya’s Flitaa
Nigerian startup Roqqu has officially entered the East African market by acquiring Flitaa, a Kenya- and Nigeria-based crypto exchange. The…
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