Nigeria-Egypt trade volume reached $141 million today

The annual trade volume between Nigeria and Egypt reached $141 million today as the maiden edition of the Nigeria-Egypt Trade conference and Exhibition (NETCE)...

China Fines Kenya Sh1.31bn For Defaulting On SGR Loans

Kenya was fined Sh1.312 billion in the year ended June for defaulting on repaying the Chinese loan which was provided to build the standard...

Cape Verde Declares Economical Crisis

The Government of Cape Verde declared a social and economic urgency in Archipelago. This declaration was made on the 20th of June following a...

Flutterwave Receives New Payment License and Plans IPO Amidst Regulatory Challenges

The Nigerian fintech company, Flutterwave, has been granted a switching and processing license from the Central Bank of Nigeria (CBN). The license is to...

Egypt Dims Lights to Boost Foreign Reserves

Egypt in darkness due to the economic crisis caused the Ukraine war. Presently, the street of Egypt is under darkness as the Egyptian government...

Egypt’s Central Bank Governor Resigns Amid Economic Crisis

On the 17th of July 2022, Egypt's central bank governor, Tareq Amer, resigned as the country struggles to address its economic woes. President Abdel...

Virtual Pay Secures a Payment Service License in Kenya Amidst Fintech Regulatory Hurdles

The central bank of Kenya has issued a license to Virtual Pay International Limited to carry out its operation as a Payment Service Provider...

Naira to Dollar Exchange Rate Falls to N700/$1 at peer-to-Peer Forex Market

The exchange rate between Nigeria's Naira and the United States Dollars has fallen as low as N700/$1 at the peer-2-peer forex market.    As of yesterday...

Egypt, Nigeria with other Developing Nations Seek to Overcome Energy, Currency Crises

Eight African business leaders from developing nations meet in Bangladesh to discuss ways to overcome the dwindling foreign currency reserves, a growing energy crisis...
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