Regions
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British Sets Aside $1.5 Billion for Energy in Egypt
British Petroleum (BP) is investing $1.5 billion in developmental and exploration projects in Egypt. BP’s Chief Executive Officer, Murray Auchincloss…
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Registration Open for 11th Edition of DRIF24 in Accra
Registration is now open for the 2024 Edition of Digital Rights and Inclusion Forum (DRIF24), a bilingual global event set…
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Kenya Needs $3 Billion Annually in Debt Financing, says Moody’s
Kenya has returned to international credit markets in the run-up to its maturing 2024 eurobond, increasing financing sources. However, its…
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BRICS: List of 8 banks Prohibited From Transacting in US Dollar
Iraq is intensifying its restrictions on the U.S. dollar, following its previous ban on all cash withdrawals in this currency.…
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Benin Raises $750 million in First-ever Dollar Donds as Demand Hit $5 billion
Benin Republic issued first dollar-denominated bonds (14-year bond) and recorded an oversubscription at $5 billion, even though it only tapped…
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Kenya Raises Benchmark Lending Rate to 12-Year High
Central Bank of Kenya (CBK) has raised its benchmark interest rate to 13%, the highest level since 2012 to curb…
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Over 7,000 South Africans to Lose Jobs in Platinum Amid Cost-Cutting Measures
The platinum group metals (PGM) industry in South Africa is considering a restructuring plan due to increasing costs and declining…
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MultiChoice Declines $2.5 Billion Acquisition Offer from Canal+
MultiChoice, a Pan-African Pay-tv operator, has rejected a $2.5 billion acquisition offer from French media company, Canal+. The company said…
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Nigeria’s Fight Against Naira Shortage Risky as Currency Devalued 38%
The Central Bank of Nigeria’s efforts to combat the scarcity of foreign currency are seen as a positive move for…
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Ugandan MPs Approves New Aviation Law to initiate Investigations into Aircraft Accidents
Uganda’s Parliament has given its approval to the Civil Aviation Authority (Amendment) Bill, 2024 paving the way for the chief…
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