World Bank projects Africa growth to drop to 3.4 per cent
20/04/2022This year, Africa’s economic growth will drop to 3.4 per cent, down 0.6 percentage points from the four per cent growth recorded in 2021 due to new macroeconomic shocks. The.
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NOC transfers $8bn to Libya’s GNU administration
19/04/2022Libya’s National Oil Corporation has transferred $8 billion to the count of the Finance Ministry of the Government of National Unity (GNU) of Prime Minister, Abdul Hamid Dbeibeh, who has.
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Standard Chartered set to exit seven countries in Africa, Middle East to cut cost
15/04/2022Standard Chartered is leaving seven countries in Africa and the Middle East where it is sub-scale as it seeks to improve profits by narrowing its focus to faster-growing markets in.
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Nigeria Required $410b in Energy Investment – VP Osinbajo
15/04/2022If Nigerians are to enjoy the recommended 1000 kilowatts hours per year, the country must attract at least 400 billion dollars by 2025. This is according to Vice President, Yemi.
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Egypt, Kuwait Sign $2.5 Million Railway to Sudan Deal
14/04/2022Egypt and Kuwait have agreed to collaborate on the construction of a train connecting Egypt and Sudan. The $2.5 million deal was inked by Egypt’s Ministry of International Cooperation and.
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MTN gets approval to offer banking services in Nigeria
14/04/2022Nigerian regulators have given South African telecommunications giant, MTN, the go-ahead to run a conventional commercial bank. The telco disclosed this in a notice to the investing public through the.
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World Bank to finance four projects worth $495 million in Senegal
14/04/2022The World Bank said on Tuesday it has signed deals to finance four projects in Senegal worth a total of $495 million to help improve education, electricity, economic development and.
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Visa Opens First Innovation Studio in Africa to Advance Future Payment Solutions
08/04/2022Global digital payments giant Visa has opened an innovation studio in Kenya, the first in Africa, to expand its reach in the region. The studio will bring together developers, Visa’s.
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Digital Infrastructure Firm, Equinix Expands into Africa with $320M MainOne Acquisition
06/04/2022Equinix, the world’s digital infrastructure firm, has announced the completion of its $320 million acquisition of West African data centre and connectivity solutions provider MainOne, marking the start of the.
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Ghana Approves Tax on Electronic Payments
04/04/2022Ghana’s parliament approved a new 1.5% tax on electronic payments, known as the “e-levy,” amidst opposition protest.
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