Category: Business

The Nigerian Communication Commission (NCC) says it is imperative for the country to sharpen its focus on broadband development and intensify support for data centre services to boost digital sovereignty.The Executive Vice Chairman of NCC, Prof. Umaru…

Mr Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank Plc, and Mr Admir Imami, Director and Head of Trade and Supply Chain Finance, British International Investment at the official signing of the $60 million trade finance facility fo…

The Ministry of Mines and Energy announced on Friday that as of 04 October 2023, petrol prices will increase by N.dollars 1.90, while diesel increases by N.dollars 2.40 per litre.The ministry’s spokesperson, Simon Andreas said that in Walvis Bay, petro…

Mozambique has signed a USD 500 million financing agreement with the Millennium Challenge Corporation as part of the ongoing compact including projects to improve road connectivity, and increase the resilience of the road network to natural disasters. …

South Africa recorded foreign direct investment (FDI) flows of R53.8 billion ($2.8 billion) in the second quarter of 2023, up from R0.5 billion in the previous quarter. An increase which results from the acquisition of a drinks company by a non-residen…

Kenya’s Office of the Data Protection Commissioner (ODPC) has fined three companies Ksh 9,375,000 ($63,500) for violating their customers’ data privacy rights. The first company operates two online credit platforms. She received a penalty of Ksh2.9 mil…

Like a screenplay, all her professional experiences have, in one way or another, been related to the promotion of Africa, and Rwanda in particular.Indeed, Cynthia’s commitment to the luxury sector is rooted in her deep appreciation of Africa’s rich her…

City Farm, an Egyptian company specializing in exports of frozen vegetables plans to increase its sales in the USA to $50 million by the end of 2023. This would represent an increase of 43% compared to the $35 million in revenues garnered in 2022. Acco…

Mr Odunayo Ayeku, Chief Executive Officer, Kinka token, a Bitcoin company, on Wednesday urged the Federal Government to further embrace blockchain technology to boost the nation’s economy.Ayeku gave the advice while speaking with the News Agency of Ni…

Over 850 indirect jobs are envisaged to be generated through the Green Charcoal Namibia (GCN) factory in Arandis in the fields of production, transport, machinery manufacturing, engineering and export.The N.dollars 60 million investment, which was offi…

The Moroccan government plans at least 120 billion dirhams, or nearly 11.7 billion USD, to rebuild the country after the earthquake that occurred on September 8. The program will extend over 5 years and target 4.2 million. Funding will be provided from…

Address at the sixth High Level event on the Third Industrial Development Decade for Africa (IDDA III) held on the sidelines of the 78th United Nations General Assembly, Antonio Pedro lamented the continent’s “serious short of industrial skills and pro…