South African Banks Prepare for Worst as Junk Rating Looms South African banks are preparing for the worst when it comes to the threat of another...
Kenya Government Takes Control of Kenya Airways in Debt Swap Kenya’s government and domestic lenders agreed to convert $405.3 million of Kenya Airways Plc debt into...
Long Term Evolution (LTE) subscriptions will expand by 47 per cent from 30 million in 2017 to 310 million by 2023 in Nigeria and the entire...
Afreximbank, Others Urged to Develop African Economies President Isaias Afwerki of Eritrea has urged African financial institutions to focus on assisting African countries to address the...
AfDB, EU Commit $18m to Construction of 1,008km Lagos-Abidjan Highway The African Development Bank (AfDB) and European Union (EU) have made financial commitments worth $18 million...
Egyptian Refining Co.’s $3.7 Billion Plant Will Start Up in September Egyptian Refining Co.’s new $3.7 billion processing plant will begin operations in September and save...
Mugabe’s Wife Grace Rises to Pinnacle of Power in Zimbabwe Zimbabwean President Robert Mugabe fired a vice president who his wife Grace accused of plotting against...
Afreximbank Unveils Programme to Unlock Over $100b Intra-African Investments By creating and modifying trade finance instruments, the African Export-Import Bank (Afreximbank), has stated that it hopes...
MTN Takes on Vodacom to Become Africa’s Biggest Digital Bank MTN Group Ltd. is seeking to challenge rival Vodacom Group Ltd. as Africa’s biggest digital bank...
EU Earmarks 430m Euros for Peace, Security in Africa The European Union (EU) on Tuesday disclosed that it had allocated the sum of 430m Euros to...