AFRICA TO SET-UP ITS OWN OIL BANK TO ELIMINATE DEPENDENCE ON FOREIGN FINANCIERS

Finishing touches have been put in place by the African Petroleum Producers Organization (APPO) to set up the Africa Energy Bank. The aim of...

AFRICA’S OIL-RICH NATIONS EXPERIENCES DECLINE IN INVESTMENTS, SAYS WORLD BANK

Africa's oil-rich nations are experiencing major reduction in investment, says the World Bank. In Africa nations, oil as a resource is one valuable and profitable...

RWANDA SUCCESSFULLY REPAYS $400 MILLION EUROBOND DESPITE ECONOMIC CHALLENGES

Rwanda has successfully paid off its $400 million Eurobond despite the effects caused by recent events around the globe ranging from the COVID-19 pandemic,...

ZIMBABWE TO ISSUE GOLD-BACKED DIGITAL TOKENS TO FIGHT CURRENCY SLIDE

Zimbabwe is set to introduce a gold-backed digital currency to the public from May 8, according to the country's central bank governor, John Mangudya....

NO PLANS TO WITHDRAW REDESIGNED NOTES DESPITE ITS SCARCITY, SAYS CENTRAL BANK OF NIGERIA

The Central Bank of Nigeria has declared the claim that it was going to withdraw the redesigned 200, 500 and 1000 notes as false...

SUSPENSION OF FUEL SUBSIDY REMOVAL ONLY A TEMPORARY MEASURE, SAYS NIGERIAN GOVERNMENT

The Nigerian government has postponed the removal of fuel subsidy, according to Zainab Ahmed, the country's minister of finance, budget, and national planning. The...

FIVE STARTUPS RECEIVE FUNDS TO IMPROVE NIGERIA HEALTH SECTOR

Nigeria Water Sanitation Hygiene organisation (WASH) has awarded 17.5 million naria to five startup businesses for creating innovative solutions to address water sanitation hygiene...

WORLD BANK DEMANDS THAT INFRASTRUCTURAL PROJECT BE COMPLETED QUICKLY IN WESTERN UGANDA

The World Bank has ordered contractors in Western Uganda to complete their projects. Mr. Stephen John Ajalu, the World Bank's senior urban development specialist,...

KENYA TACKLES DOLLAR SHORTAGE THROUGH INTERBANK FOREIGN EXCHANGE MARKET

Kenya has recently been experiencing dollar shortage and it is reported some days back that banks ran out of US currency while those with...
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