A World Bank official has warned Zimbabwe against using its minerals as collateral to secure loans, with the debt ridden country currently struggling to meet financial...
Market analysts have suggested that the cashless policy which has been introduced to 7 states in Nigeria, should be extended to transactions involving foreign currency, as...
Nigeria social banking pioneer, Guaranty Trust Bank Plc (GTBank) has launched “The SME MarketHub”, a free business directory and e-commerce portal that will help support Small...
Standard Bank Group, one of Africa’s largest banks, has won accolades from The Banker at the magazine’s annual Deals of the Year Awards 2014, with four...
The African Banker, a quarterly magazine dedicated to banking and finance in Africa, has named President and Chief Executive Officer of Africa Finance Corporation (AFC) The...
The $676.8 million Vodacom/Neotel deal has revealed a drift in the direction of “greater levels” of consolidation in South Africa’s mobile phone sector, corporate law firm,...
Emerging economies continuously need Foreign Direct Investment (FDI) for sustainable growth and development, with governments having recognized the importance of flow of financial capital in economies...
Union Bank, a leading Nigerian bank, has revealed that it would seek shareholders’ approval to raise $750 million in June, funds it says would be used...
Toyota Nigeria Limited (TNL) has appointed Kunle Ade-Ojo, formerly an Executive Director, as its new Managing Director, replacing Chandrasheker K. Thampy, who has steps aside to...
Africa’s economic resurgence has been further boosted by over $68 billion in investment commitment following the just concluded World Economic Forum (WEF) on Africa which ended...
Kenyan car manufacturing startup Mobius has gotten an undisclosed capital from American billionaire Ronald Lauder, which would help it deliver on its promise to produce Africa’s...
Following an agreement with Delta State, one of Nigeria’s largest oil producing regions, SkyPower, a Canadian power firm focused on solar energy projects, will be investing...
Chief Executive Officer at Dangote Cement Plc, Devakumar Edwin says the pan-African cement giant plans to start operations in three African countries, Sierra Leone, Cameroon and...
Drawing from statistics of Nigeria’s rebased GDP figures, information and communication technologies (ICT) and its sub-sectors are key drivers of Nigeria’s impressive economic growth. And more...
World’s eighth largest exporter of crude oil and Africa’s largest economy, Nigeria, is now the biggest importer of kerosene from the United States, a new data...
Assmang, a metal company owned by Assore and African Rainbow Minerals (ARM), has signed a share subscription agreement to acquire 19.9 percent equity interest in Australia-based...
The pan-African financier, Blue Financial Services Limited (Blue Group), on Wednesday moved to clear the air about claims that the regulator, the Financial Services Board (FSB),...
Kenya Electricity Generating Company (KenGen) says it will collaborate with Qatari firm, Nebras Power Company to build a 500 megawatt gas power plant in Mombasa, the...
JSE-listed mobile phone operator, Vodacom, late on Tuesday said the $236.5 million deal to acquire an additional 17.2 percent stake in Vodacom Tanzania had been approved....
Shareholders Friday gave their consent to the planned public listing of the Nairobi Securities Exchange (NSE) as the sale of the bourse’s shares to the public...
General Electric (GE)’s Global Vice-Chairman, John Rice will be in Abuja between May 7th – 9th as co-chairman at the 2014 World Economic Forum on Africa...
Mauritius is the most ready in terms of exploiting the opportunities presented by information and communication technologies (ICT) in Africa, according to the World Economic Forum...
Kenya has given Essar Energy the terms and conditions for the Indian firm’s exit from the Mombasa refinery owned by both parties after they failed to...
Telecommunications company Orange has registered its 10 millionth customer on its mobile payment platform, Orange Money. The French company surprised a customer who opened an account...
Two Nigerian economists and an Ivorian have emerged winners of the Mo Ibrahim Leadership Fellowships, which will place them in executive offices of pan-African economic institutions...
Following the recent GDP rebase which saw Nigeria displace South Africa as Africa’s largest economy, global financial rating firm Moody’s has forecast exponential growth in Nigeria’s...
In February last year, Rwandan techpreneur Akaliza Keza Gara was chosen from a list of nominees to represent her region (East Africa) at the Microsoft 4Afrika...
Finding a lasting solution to the power epidemic in Nigeria remains elusive, despite discussions being held, conferences organized and policies implemented to provide stable energy. Billions...
United Bank for Africa (UBA) has decided to slow down on its aggressive expansion across Africa with the aim of consolidating operations in 19 different countries,...
Oando Plc, Nigeria’s leading indigenous oil and gas operator, has sold its gas subsidiary business, East Horizon Gas Company to (EHGC) to Seven Energy, one of...
Climate Innovation Center (CIC), a clean technology revolution, has started operations in Ethiopia and is expected to deploy and develop climate friendly technologies. Spearheaded by Infodev,...
One of Nigeria’s foremost gas processing firms, Seven Energy, has initiated negotiations with 10 power plants over the possibility of supplying gas, in a move which...
When hopping on a plane it is understandable that you might carry a few personal belongings with you: a toothbrush or some bed socks, a little...
The US Senate Subcommittee on Africa is set to kick-start discussions on President Barack Obama’s proposed $7 billion Power Africa initiative, aimed at developing the continent’s...
On June 16, 2014, Government and leaders in Nigeria’s automotive industry will gather in Lagos to discuss the opportunities presented by the new automotive policy the...
Standard Chartered (StanChart) has displaced another UK bank, Barclays to become Kenya’s third most profitable bank, overtaking Barclays in profit earned for the first time in...
Nigeria’s First City Monument Bank (FCMB) Group plans to invest $200 million in the country’s power sector as it seeks to support private investors in the...
African capitalism and the mobilization of Anglophone and Francophone business communities came under the spotlight at the 2014 Africa CEO Forum, which came to a close...
Unprecedented growth rate in emerging markets have shifted focus away from world economic giants who have been shunted by economic crisis slowing growth in the BRICs...
Nigeria plans to introduce private investors into the transmission business of its power industry, according to prof Chinedu Nebo, the country’s Power Minister. During a chat...
