The Global Minimum Tax Act which requires large multinational enterprises (MNEs) operating in the nation to pay a global minimum corporate tax rate of 15% was formally signed into law by South Africa in a…
Coronavirus, a global issue – IMF, Heads of…
The International Monetary Fund, (IMF) and World Bank Group on Wednesday announced other measures to curb the impact of the coronavirus on the world’s economy and health. “We know the disease is spreading quickly with…
Nigeria pharmacy company raises seed to $1 million
Over the years, Nigerian startups have come up with solutions across several sectors from financial services to logistics and agriculture. Increasingly however, its health sector is also coming into focus as startups look to build…
Coronavirus: Driving huge demand worldwide
The coronavirus has sent global markets to a stand still as its ramifications to a swath of businesses and industries becomes more apparent. Companies that make and sell products are struggling to secure supply lines…
South Africa in recession following economic downturn
The South African economy shrank by 1.4% in the fourth quarter of 2019, according to recent Gross Domestic Product numbers, released by Statistics SA on Tuesday March 3. This followed a contraction of 0.8% in…
Italian with CODVID-19 didn’t lodge with us – Airport…
The management of Lagos Airport Hotel, Ikeja, has debunked claim by Lafarge Plc that the Italian who brought Coronavirus to Nigeria first slept at the hotel before coming to the company in Ogun State. The…
UBA rakes in N89.1bn profit after tax
United Bank for Africa Plc (UBA) has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019. The profit after tax represented a growth of 13.3 percent to N89.1…
Merger, expansion, catapult Access Bank among 500 global…
Access Bank Plc’s merger with Diamond Bank in April 2019 and its recent expansion into the East African market have started to yield results. Now it has been named as one of the top 500…
Patricia revolunises bitcoin business with bitcoin ATM card
Today, Patricia launched its exclusive and eagerly awaited PATRICIA BITCOIN ATM CARD, and as some users will call it, Africa’s First Bitcoin card; a global initiative that simplifies the way that its current and new…
Border closure hits Dangote, export moved to Congo
Dangote Cement exports from Nigeria to neighbouring countries fell 41% in 2019 when Nigeria’s government closed the land borders. The development has made the dominant cement company in Africa move its exports to Congo Republic,…
Congo unveils new docks in commercial city port
The port of Pointe Noire is constantly expanding. President of the Republic of Congo Denis Sassou Nguesso on Wednesday inaugurated new infrastructure for the Congo terminal. It is the concessionaire of the Autonomous Port of…
Egypt’s economy to become sixth strongest in the…
Talal Abu-Ghazaleh International Organization, said that Egypt’s economy is set to become the sixth strongest in the world by the year 2030, during an interview with Russia Today (RT) on Thursday, February 20. Highlighting a…
MCAs demand financial autonomy in BBI proposals
MCAs want county assemblies to be financially independent in proposals to the Building Bridges Initiative. The County Assemblies Forum said the county assemblies’ financial autonomy was key to the proper dispensation of their mandate as…
We Want To Enforce The Use Of The…
Finance Minister in an interview with the Sunday Mail said the mono currency situation is here to stay and the government wants to enforce the use of the Zimbabwe Dollar and they will penalise those…
Morocco Boasts Stronger Investment Climate than South Africa,…
Rabat – Rand Merchant Bank (RMB) has named Morocco the second most attractive country for investment in Africa, emerging stronger than South Africa and second only to Egypt in the bank’s 2019 index. The index,…
SAA business rescue practitioners defend decisions on embattled…
The joint South African Airways (SAA) business rescue practitioners (BRP) on Sunday defended steps taken to turn the embattled airline around, but also pledged to continue engaging stakeholders and to include inputs in the final…
WEMA Bank posts 32% rise in profit
Wema Bank Plc has reported a 32.5% increase in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. The full account of the bank’s financial performance in the review period…
OPEC Committee Recommends Fresh 600,000bpd Oil
With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set up by the Organisation of Petroleum Exporting Countries (OPEC) and its allies have recommended a…
SA bond yields fall to five-month lows as…
Foreign investors have overlooked pertinent domestic risks and rushed into rand-denominated bonds, prompting the yields on 10-year government bonds to fall to their lowest levels in almost five months on Thursday. Global markets recovered this…
