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Africa News
Egypt’s trade balance deficit rises 0.7% in Feb. – CAPMAS
Egypt’s trade balance deficit rose slightly by 0.7 per cent or $2.73 billion in February 2024, compared to $2.71…
Nigeria opens oil blocks for intl. investment
Nigeria has extended an invitation to international investors possessing both financial prowess and technical…
Zambia’s currency plunges to historic low vs USD
Zambia's kwacha plunged to a historic low against the US dollar On Wednesday, hitting 27.30, a manifestation of…
Microsoft closes down Nigeria’s Africa Development Centre
Microsoft Corporation has closed down the engineering division of its Africa Development Center in Nigeria, just…
Nigerian firms address dollar debt amid latest CBN reforms
Nigerian firms are addressing overdue dollar commitments following central bank reforms that bolstered liquidity in…
Nigeria imposes 0.5% cybersecurity levy on e-tranfers
Nigeria's central bank announced on Monday it will introduce a 0.5 per cent levy on all domestic electronic…
Amazon taps South African e-commerce market
E-commerce giant Amazon officially launched its online marketplace in South Africa on Tuesday, setting its sights…
AMEDA unveils modernisation steps for African, ME depositories
The African and Middle East Depository Association's (AMEDA) 39th Annual Forum concluded on May 2nd, 2024, in Doha,…
ExxonMobil’s Nigerian asset sale nears approval
ExxonMobil's sale of Nigerian petroleum assets to Seplat, a Nigerian company, may receive approval within two…
S. Africa’s manufacturing activity rises in April – PMI
South African manufacturing saw a boost in April, according to Reuters citing a Purchasing Managers' Index (PMI)…
