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Category: Business

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Ghana Expands Bauxite Reserves to Boost Production and Drive Aluminium Industry Growth
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Nigeria to List First Domestic Dollar Bonds on Over-the-Counter Markets
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Johnvents Industries Launches N30 Billion Commercial Paper Programme
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Saudi Arabia to Reduce Debt Issuance in 2024
Saudi Arabia to Reduce Debt Issuance in 2024 as Aramco Boosts Dividends
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China Commits $2.5 Billion Investment in Gabon’s Power Sector
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Saudi Arabia’s Future Investment Initiative to Focus on Innovative Solutions at Eighth Edition
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Saudi Arabia Plans $3.3 Billion Sports Complex with UK Tech Firm
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Angolan Debt and Stock Exchange Records Highest Monthly
Angolan Debt and Stock Exchange Records Highest Monthly Trading Volume of 2023
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Ghana’s Organised Labour Issues 19-Day Ultimatum to Government Over Mining Ban
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Fitch Projects 6.6% Growth for Benin Republic
Fitch Projects 6.6% Growth for Benin Republic
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Nigeria Signs $1 Billion MOU with Chinese Firm to Revive Steel Industry
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Nigeria's First Local Dollar Bond Sale
Nigeria's First Local Dollar Bond Sale Oversubscribed as Investors Stake $900 Million
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Cameroon Loses Millions to Cocoa
Cameroon Loses Millions to Cocoa Smuggling as Beans Flow Illegally to Nigeria
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Ethiopia Launches Salary Reform
Ethiopia Launches Salary Reform to Bridge Civil Service Income Gap
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Sonangol Set to Pay Second Interest Instalment on 2023-2028 Bonds
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Nigeria Faces Gasoline Supply Uncertainty as Dangote Refinery Threatens Export Shift
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Cameroon Seeks Chinese Investment to Bolster Vision 2035 Development Plan
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Ghana's Power Sector Merger Sparks Backlash Over Energy Security and Financial Risks
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Ghana to Announce New Cocoa Price for 2024/25 Season on September 11
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Mali’s New Mining Code Draws Mixed Reactions from Global Firms
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Kuwait Faces Budget Deficit as Oil Prices Fall Below Breakeven
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Nigeria’s Gasoline Price Hike Dims Rate Cut Prospects
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Ethiopia and China Seal Currency Swap Deal to Boost Trade Efficiency
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Côte d'Ivoire Raises $185 Million on Regional Financial Market
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Kuwait Advances Plans for Integrated Tax System Amid Challenges
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Zambia’s Stakeholders Call for IMF Exit Strategy as Program Nears End
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Nigeria Records Economic Expansion in August for the First Time in Over a Year
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Breaking News
Ghana launches consent solicitation for $13 billion Eurobond restructuring
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IMF Eases Conditions on Egypt’s $8 Billion Program Amid Economic Reforms
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China to Rehabilitate Tanzania-Zambia Railway in $1 Billion Deal
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Nigeria’s Telecom Sector Poised for Medium to Long-Term Growth Despite Short-Term Challenges
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Kenya's Safaricom Urges Stricter Rules on Starlink Amid Growing Competition
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Ghana Secures $250 Million from World Bank to Revitalise Energy Sector
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Zambia's Hichilema looks to China to revival TAZARA, energy solutions
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Dangote Refinery Starts Gasoline Production, Set to Disrupt Global Oil Markets
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Kenya’s NSSF Pension Assets Surge 22% to Sh402 Billion
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Gabon to Launch Oil Exploitation in New Wells Following Assala Energy Acquisition
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Nigeria’s State Oil Company Admits Debt to Suppliers, Fuel Shortages Loom
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South Africa's Trade Surplus Climbs to R17.6 Billion in July Amid Export Growth
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Ghana Cocoa Board to Secure $600 Million Syndicated Loan Amid Financing Shift
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Nigeria Grants Licenses to Crypto Platforms, Shifting from Prohibition to Regulation
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Daraju Industries Launches Commercial Paper Offerings at High Yields
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AFC Backs Nigeria’s Largest Gas-to-Methanol Plant in Akwa Ibom
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Gabon Targets Tourism Revival with $35 Million Investment
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Egypt's Economy Sees Modest Gains from Expected US Rate Cuts
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Tanzania and Zambia to Finalise $1 Billion Rail Revamp Deal with China by September
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Kenyan Banks Raise Deposit Rates to 26-Year High Amid Rising Government Paper Yields
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Senegal’s Inflation Rate Drops to Lowest Level in Five Years
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Mali’s Gold Reserves Drop 17% Amid Political Uncertainty and Business Risks
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Nigerian Economy Grows 3.19% in Q2, Services Sector Leads as Agriculture Falters
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Nigeria Lacks Funds to Repair Aging Oil Pipelines, Says Minister
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Mahama Pledges Tax Cuts and Economic Reforms in 2024 Manifesto
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Nigerian Equities Defy Rate Hikes, Surging 28% Year-to-Date
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United Airlines Expands African Routes with Daily Flights to Lagos
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UK Commits $35 Million to Launch DR Congo’s New Container Port Project
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Perseus Divests Côte d'Ivoire Stake to Focus on West African Growth
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Kenyan Banks Face Rising Defaults as Credit Demand Weakens
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Oando Acquires Nigerian Agip Oil Company in $783 Million Deal
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Ghana Set to Launch Eurobond Exchange, Finalising Debt Restructuring Efforts
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Uganda Oil Pipeline to Get Backing From Nine European Banks, Minister Says
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Zambia Hands Back Konkola Copper Mines to Vedanta, Eyes Major Production Boost
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KCB Resumes Dividend Payments as Profits Surge
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BEAC Injects $425 Million into CEMAC Banks Amid Liquidity Strain
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Namibia to Protect Local Jobs in Draft National Oil Law
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Ghana Cocoa Board Ends 32-Year Reliance on Offshore Financing
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Nigeria Matches Africa’s Highest 2024 Bond Coupon Rate with $500 Million Sale
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Ethiopia’s Debt Restructuring Hits Roadblock
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Cote D’Ivoire’s Inflation Eases to 4% in July
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Ethio Telecom and VISA Unveil Digital Remittance Service
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Kenya Airways Posts First Profit in 11 Years as Debt Takeover Eases Burden
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Nigeria to Begin Crude Oil Sales in Naira to Local Refineries Starting October
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Nigerian Government Grants Off-Grid Power Licenses to Telcom Giants
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Nigeria Launches $500 Million Dollar Bond to Tap Diaspora Funds
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Nairobi Airport Faces Disruption as Workers Protest Adani Deal
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East African Breweries Maintains Appeal on NSE with Steady Dividend Payouts
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New Oil Producers in Africa Attract Investment as Established Players Lose Ground
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Ghana to Make GH¢7.52 Billion Coupon Payment Under Domestic Debt Exchange Programme
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Nigeria to Rely on Domestic Savings as Concessional Funds Dwindle, Finance Minister Says
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Nigeria’s Inflation Eases for First Time in 20 Months, Offers Relief to Government
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Cameroon’s State Oil Firm Denies Allegations of Undervalued Crude Sales
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Nigerian Banks Accelerate Capital-Raising
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BEAC Currency Rules Stall Central Africa’s Energy Projects
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Namibia's Central Bank Lowers Interest Rate As Inflation Slows
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Cameroon Secures $148 Million Investment for Steel and Metallurgy Cluster in Douala
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Ghana Ramps Up Treasury Bill Auctions to Meet Upcoming Bond Payment
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Breaking News
Bank of Zambia Holds Interest Rate at 13.5%, Defends Foreign Currency Penalty Amid Inflation Concerns
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Nigeria's Cocoa Output at Risk Due to Prolonged Dry Spell
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Nigeria Opens Subscription for Savings Bonds with High Coupon Rates
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Rising Cost of Funds Pressures Kenyan Banks’ Profit Margins
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Cote D’Ivoire Accelerates Cocoa Processing Efforts to Boost Local Economy
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Gabon to Launch Central Africa’s Largest Solar Energy Plant in October
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Nigeria to Establish Digital-Free Zones to Attract Global Tech Companies
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Cameroon’s Trade Minister Calls for Fairer Distribution of Cocoa Profits
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Breaking News
Nigeria Approves New Tariff Regime for Mobile Operators as Currency Devaluation Hits Profits
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FSD Africa Seeks Fund Manager to Launch $300 Million Debt Fund for Kenyan MSMEs
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Oando Shares Surge Following Strategic Acquisitions
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Ghana Launches Gold Refinery to Maximise Economic Gains
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Meta May Leave Nigeria Over $220 Million Dispute
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Central Bank of Kenya Makes Surprise Rate Cut After Four Years
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Kenya Falls Short of Budget Cut Target
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Global Selloff Raises Yields on African Eurobonds, Increasing Borrowing Costs
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Central Bank of Nigeria Introduces Dutch Auction System to Stabilise Naira Amid Rising FX Demand
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Zambia's Capital Market Shows Growing Resilience
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Cameroon Successfully Issues $550 Million Bond to International Investors
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Kenya's Court of Appeal Declares Finance Act 2023 Unconstitutional
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Cameroon Warns of Potential Spread of Devastating Banana Disease
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Mozambique's New State Mining Company to Boost Graphite Production
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Ghana Approves $980 Million Investment for New Sentuo Oil Refinery
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Nigerian Cocoa Farmers Urge EU to Delay Deforestation Regulation
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Ethiopia Devalues Currency as IMF Approves $3.4 Billion Credit Line
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Ghana’s Gold Exports Surge, Boosting Economic Outlook
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Foreign Portfolio Investments in Nigerian Stock Market Surge by 218% in First Half of 2024
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Moody's Downgrades Ratings of Three Major Kenyan Banks Amid Sovereign Stress
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Breaking News
World Bank to Disburse Over $2 Billion for Cameroon’s Vision 2035
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Kenya Central Bank Reopens Infrastructure Bonds Seeking KES 50 Billion
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Nigeria to Issue $500 Million Diaspora Bond to Bolster Economy
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Standard Chartered Kenya Sees Tenfold Surge in Sustainable Finance Revenue
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Nigerian Businesses Criticise Interest Rate Hikes Amid Economic Struggles
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IMF Urges Kenya to Draft New Tax Strategy as Amnesty Ends
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Kenyan Fund Managers Shift to High-Interest Bank Accounts
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Zambia Sets Ambitious Economic Goals for 2027
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Ghana Revises Economic Targets Following Debt Restructuring
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Vedanta Resources Regains Control of Konkola Copper Mines, Seeks Partners for Expansion
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Nigerian Cocoa Farmers Warn Heavy Rainfall Threatens 30% Output Growth
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Nigeria’s Central Bank Raises Benchmark Rate To 26.75%
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Kenyan Shilling Continues to Slide
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Cameroon to Borrow $1 Billion for Development Projects and Debt Settlement
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Kenya’s Austerity Measures Hit Development Plans Following Revenue Shortfall
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Can Tinubu Tax His Way Through as Nigeria's Oil Output Struggles?
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Ghana Confronts Economic Challenges and Policy Risks
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Ghana Faces Unprecedented Crisis in Cocoa Industry
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Nigeria to Continue Fuel Imports Despite Dangote Refinery Launch
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Ghana Unveils Green Bond Guidelines to Boost Sustainable Investment
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Ghana's Repo Market Surges in H1 2024 Amid Investor Shift
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Ghana’s Fiscal Performance Improves in Second Quarter of 2024
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Nigeria Sets Ambitious Cocoa Production Target for 2025
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Kenyan Markets Rebound After Anti-Government Protests
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Lobito Atlantic Railway Begins Operations with First Cargo Shipment
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Fitch Predicts Recovery for Ghanaian Cedi in Second Half of 2024
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Foreign Investors Fuel Significant Growth on Ghana Stock Exchange in H1 2024
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Kenyan Lenders Face Downgrade Threat Amid Sovereign Debt Crisis
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Cameroon’s Bipaga Plant Powers Keda Ceramics, Boosts Job Growth
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Ghana Launches SME Growth Programme to Boost Business Ecosystem
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Botswana, Zimbabwe, and Mozambique Sign Rail Deal for Coal Exports
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Nigeria’s Stake in Dangote Refinery Drops to 7.2%
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Nigeria’s Inflation Rate Climbs to 34.19% in June
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Montage Gold Secures 20-Year Permit for Major Ivorian Gold Project
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Ghana Struggles to Curb Illegal Mining Impact on Cocoa Farms
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Ghana Unveils Ambitious 10-Year Housing Plan to Address Shortage
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Kenya’s CPF Group Proposes Debt-to-Bond Conversion for Pension Arrears
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Starlink Sees Stong Growth in Kenya Amid Demand for High-speed Internet
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Tanzania's Amsons Group Bids KES23.59 Billion for Bamburi Cement
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Nigeria Reaches Agreement with Producers for Market-Price Crude Supply to Local Refineries
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Mauritania's Resource Wealth Holds Multi-Billion Dollar Potential, Says AfDB
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African Exchanges Linkage Project Expands to Nine Markets in Phase Two of Integration
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Nigeria Risks $20 Billion in Cocoa Exports Due to Processing and Sustainability Issues
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Kenya Mulls Taxing Popular Infrastructure Bonds
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Kenya's President Dismisses Entire Cabinet, Save for Two Key Positions
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Kenya’s Leading Companies Regain Dominance on NSE as Shilling Strengthens
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Kenya Seeks Public Input on Major Overhaul of State-Owned Enterprises
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Marriott International Expands into Angola
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South Africa Seeks to Revise Major Climate Deal
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Ghana's Cocoa Industry Faces Revenue Decline Amid Bean Shortage
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Kenya's Bond Market Rejects Government's Tap Sale Amid Rising Borrowing Appetite
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Ghana Cocoa Board Faces Rollover of Forward Contracts
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Ghana's Finance Ministry Announces Creditors Approval of Eurobond Agreement
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African Airlines Lead Global Cargo Growth
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Nigeria Selected as Headquarters for Africa Energy Bank
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NNPC Declares Emergency to Boost Nigeria's Oil Production
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Ghana Secures $100 Million World Bank Funding to Revitalise Cocoa Farms
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IMF Projects Slight Rebound for Cameroon's Economy by Year-End
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Ghana's H1 Reserves Soar Past IMF Targets
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Kenya’s Forex Reserves Dip After Eurobond Settlement, Remain Adequate for Import Cover
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Uganda Begins Direct Fuel Imports with Arrival of First Shipment in Kenya
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IMF Projects Stronger Economic Growth for Ghana
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Central Bank of Nigeria Alters Foreign Currency Deposit Procedure to Boost Market Convergence
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Morocco Finalises Incentive Package to Attract Foreign Investments
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Nigerian Cocoa Farmers Revitalise Farms Amid Global Price Surge
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Ghana's Finance Minister's Claims of Debt Restructuring Disputed by Independent Power Producers
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Cameroon Seeks $761 Million from International Capital Markets to Clear Debt
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Cote D’Ivoire to Construct 150,000 Social Houses Through Private Investments
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Ghana Aims to Lead Sub-Saharan Africa in Salt Production, Diversify Economy
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Naira Faces Renewed Pressure Despite Increased Foreign Currency Inflows
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Airtel Africa Buys Back Over 21 Million Shares Amid Currency Devaluation
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Ghana's Financial Landscape Transforms with New OTC Market Launch
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Orano Weighs Options After Niger Withdraws Uranium License
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Senegal Projects $900 Million in Oil and Gas Revenues by 2027
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Shoprite to Close Abuja Branch as Nigeria's Business Exodus Continues
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Nigeria's $2.8 Billion Gas Pipeline Set for Completion in Early 2025
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Zambia’s Finance Minister Proposes $1.6 Billion Supplementary Budget
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Ghana Secures Eurobond Restructuring Deal Worth $13 Billion
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ENI to Sell 30% Stake in Ivorian Exploration Operations for €1 Billion
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Rising Costs Diminish Ghana's Gold Industry Attractiveness to Investors
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Gulf Sovereign Wealth Funds Intensify Bids for Egypt Telecom's Stake in Vodafone Egypt
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Chevron Signs Deal to Explore for Oil in Angola’s Ultra-Deep Waters
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Investor Demand Surges in Nigeria's Open Market Operations Auction
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Oil-rich Gabon turning to Cameroon to raise $300 million
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IFC Partners with Nigeria's Johnvents Industries to Boost Cocoa Processing Capacity
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Ghana’s Economy Grows by 4.7% in Q1 2024, Boosted by Industrial Sector
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Safaricom Unveils Nine Startups for Revamped Spark Accelerator Program
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