Business
Nigeria Keeps Benchmark Lending Rate Unchanged
February 21, 2025
Nigeria Keeps Benchmark Lending Rate Unchanged
On Thursday, Nigeria’s central bank decided to maintain its benchmark interest rate following a series of six increases in the…
MANSA Secures $10M to Revolutionize Cross-Border Payments
February 20, 2025
MANSA Secures $10M to Revolutionize Cross-Border Payments
MANSA, a rising star in the global fintech scene, has clinched a $10 million funding round, propelling its mission to…
Russia Keeps Oil Exports Flowing Despite Sanctions with New Shipping Tactics
February 20, 2025
Russia Keeps Oil Exports Flowing Despite Sanctions with New Shipping Tactics
Russia has once again demonstrated its ability to navigate Western sanctions, keeping crude oil exports moving through its main Pacific…
Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
February 20, 2025
Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
Morocco is set to issue euro-denominated bonds on the international market for the first time since 2020, to finance…
Ethiopia Bondholders Fault IMF Over Report on Solvency
February 19, 2025
Ethiopia Bondholders Fault IMF Over Report on Solvency
The International Monetary Fund (IMF) is on the receiving end after it published a report indicating Ethiopia is facing liquidity…
Kenya Sees 9,000 Govt Employees Drop Over Hiring Freeze
February 19, 2025
Kenya Sees 9,000 Govt Employees Drop Over Hiring Freeze
Over the past two years, Kenya’s civil service has experienced a significant reduction in its permanent and pensionable workforce, with…
Ethiopia Partners with ATIDI to Boost Renewable Energy Investments
February 19, 2025
Ethiopia Partners with ATIDI to Boost Renewable Energy Investments
Ethiopia’s Ministry of Finance and Ethiopian Electric Power (EEP) has signed a Memorandum of Understanding (MoU) with the African Trade…
How Treasury Has Allocated Extra Ksh.5 Billion to Ruto, Kindiki, Mudavadi
February 19, 2025
How Treasury Has Allocated Extra Ksh.5 Billion to Ruto, Kindiki, Mudavadi
The Kenyan government has allocated an additional Ksh.5 billion to State House Deputy President Kithure Kindiki, and Prime Cabinet Secretary…
Ethiopian, UK Sign $600M Deal for Dairy and Farming Project
February 18, 2025
Ethiopian, UK Sign $600M Deal for Dairy and Farming Project
The Ethiopian Investment Holdings (EIH), in collaboration with the Ethiopian Agricultural Business Corporation (EABC) and UK-based private equity firm Asset…
Africa Energy Bank to Begin Operations with $5 Billion in Equity
February 17, 2025
Africa Energy Bank to Begin Operations with $5 Billion in Equity
The long-planned Africa Energy Bank will begin operations this quarter with $5 billion in equity from member nations and shareholders,…