South Africa's very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The…
Shuter to step down as MTN CEO
MTN Group President and Chief Executive Officer, Rob Shuter will be stepping down from his role in March 2021, according to the company. According to sources, the board said the succession process will be concluded…
AfDB signs first loan
The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The…
Oil prices crashes globally due to COVID-19
Oil prices fell sharply on Monday, after OPEC members failed to strike a deal with oil-exporting countries and Russia. Moscow refused Friday to further reduce crude oil production, to stem the fall in prices linked…
Ecobank celebrates International women’s day
Ecobank Nigeria, Managing Director, Patrick Akinwuntan (middle), on his left, Executive Director, Commercial Banking, Carol Oyedeji and other female Ecobankers during the Bank’s commemoration of this year’s International Women’s Day (IWD) at the Bank’s head…
Opportunities in the Continent of Africa
It would be remiss to paint the African continent with one brush as many countries are at varying stages of their macroeconomic and political cycles, according to Franklin Templeton Emerging Markets Equity’s Danesh Ranchhod. He…
Business:Maltese company invests pharmaceutical lab
A Maltese company has invested in a pharmaceutical laboratory in Ghana that will be able to produce medicines in line with European standards. Chief Executive Officer of Evolve, Chris Busuttil was part of the latest…
Ramaphosa summons Okonjo-Iweala to counter recession
Former Nigeria Minister of Finance , Dr. Ngozi Okonjo-Iweala has been called by the South Africa’s government to help rescue the nation out of recession. South Africa is currently experiencing economic downturn as it entered…
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…
