News
Safaricom Shares to go down, as IFC Invests $260 million
The International Finance Corporation, which is part of the World Bank Group, edges closer to buy to buy USD 160 million of equity ...
Kenya
Kenya: Standard Chartered-Backed Solv Launches Its B2B Marketplace in Kenya
B2B marketplace Solv has launched in Kenya to enable micro, small and medium enterprises (MSMEs) to access credit, e-commerce and business services. Solv ...
News
Nigeria: Union Bank gets notification for mandatory takeover by Titan Trust Bank
Union Bank of Nigeria Plc has notified its shareholders and the Nigerian Exchange Limited that it has received a Mandatory Takeover Offer (MTO) from Titan Trust Bank ...
News
Nigeria: UBA reports N116 billion profit in Q3 2022
United Bank for Africa Plc has released its interim consolidated and separate financial statement for the third quarter period that ended September 31, 2022. ...
News
Nigeria: Islamic Development Bank Approves $1.8bn Financing for Nigeria
The Islamic Development Bank (IsDB) has approved a total financing of $1.8 billion for Nigeria, as the country becomes the fourth largest shareholder ...
Global
Global: Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency ...
News
Nigeria: Bank directors seek end to regulation affecting profit
Bank Directors Association of Nigeria has said payment of deposit insurance premium on the funds sterilised at the Central Bank of Nigeria as ...
Ethopia
Ethiopia: Safaricom plans $8bn investment in Ethiopia
Safaricom says it plans to invest US$300 million a year into Ethiopia over the next ten years, having already invested US1.2 billion in ...
News
Nigeria: Telecom Contributes $70bn to Nigeria’s GDP – Danbatta
Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta said technology-driven telecommunications industry has contributed $70 billion to Nigeria’s economy. He ...
News
Trapped Funds: CBN to release $120 million to foreign airlines — Emefiele
Some foreign airlines under the IATA have been in a running battle with the Nigerian government over the inability to repatriate $464 million ...