KENYAN GOVERNMENT HALTS WORLDCOIN OPERATIONS

The government of Kenya has halted all operations associated with WorldCoin, the cryptocurrency project untill necessary measures are taken to mitigate risks. Kithure Kindiki, the...

UGANDA’S ECONOMY SHOWS POSITIVE SIGN AS INFLATION DROPS TO ITS LOWEST IN 15 MONTHS

The annual headline inflation rate for Uganda, which takes into account items in the Consumer Price Index (CPI), dropped to 3.9% from 4.9% the...

UNESCO BACKS OSINBAJO’S EDUCATION EFFORTS

Future Perspectives, the organization founded by the former Vice President of Nigeria’s, Yemi Osinbajo, is receiving support from the UNESCO International Institute for Higher...

CBN EXCLUDES MORTGAGE AND MICRO-FINANCE BANKS FROM CASH WITHDRAWAL LIMITS

The Central Bank of Nigeria (CBN) on Monday removed primary mortgage banks and microfinance banks from its cash withdrawal limit policy. The apex bank...

RUSSIA TO OFFER PREFERENTIAL LOANS TO NIGERIAN COMPANIES, OTHERS

Russian President, Vladimir Putin, has stated that his country will provide favorable loans to African enterprises. This loan will be used to purchase industrial...

GHANA’S CENTRAL BANK RAISES KEY INTEREST RATES BY 30% IN RESPONSE TO SKYROCKETING INFLATION

To combat the skyrocketing level of inflation, Ghana's Central Bank raised key interest rates by 30%. This hike represents a 0.5% rise. The increase was...

FOREX CRISES DAMPEN MARINE INSURANCE GROWTH IN NIGERIA

There are cases that the recurring crises in the Nigeria's foreign exchange (Forex) market have negatively affected the project growth in marine and shipping...

AFRICAN DEVELOPMENT BANK SEALS $1BILLION DEAL WITH ASIAN DEVELOPMENT BANK

The African Development Bank's Board of Directors has approved a large exposure swap of $1 billion with the Asian Development Bank. This was revealed in...

ASEA, ECA SIGN MoU ON AFRICA’S FINANCIAL MARKET DEVELOPMENT

The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for AFRICA (ECA) have signed a Memorandum of Understanding (MOU) aimed at...

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