Business

MTN exits towers businesses in Ghana, Uganda

MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses…

January 2, 2020

From CFA franc to Eco: evolution of a controversial currency

Changes to the CFA franc used by 14 African states, announced over the weekend by Ivorian president Alassane Ouattara and…

December 24, 2019

ADB Presidency: ECOWAS endorses Adesina for second term

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for…

December 23, 2019

Almost 70 percent of Kenyans will fall short of their aspiration – Report

A new report released by Standard Chartered Bank now reveals that with a wealth expectancy of 63.6 million shillings($626,421) many…

December 23, 2019

West Africa monetary union to reform CFA franc, keep euro peg

The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc…

December 22, 2019

Ethiopia gets $2.9bn IMF financing package

The Executive Board of IMF approved a three-year $2.9 billion financing package to help Ethiopia implement its homegrown economic reform…

December 21, 2019

Zimbabwe: Arcadia Lithium Project re-evaluated

The Zimbabwean Lithium Arcadia project is preparing to play in the big league. According to an updated feasibility study, the…

December 20, 2019

Nigeria’s ex-attorney general returns to face $1.3 bn oil scandal

Nigeria’s ex-attorney general Mohammed Adoke has returned to the country to face corruption charges over his involvement in one of…

December 20, 2019

Aliko Dangote forecasts $30b revenue, 88% of Nigeria’s 2020 budget

Africa’s richest man, Aliko Dangote has projected an exponential growth in the revenue of his conglomerate from the present $4billion…

December 16, 2019

IMF approves $213.6m extended credit for Liberia

The Executive Board of the International Monetary Fund has approved a five-year arrangement under the Extended Credit facility (ECF) for…

December 12, 2019

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