KENYAN GOVERNMENT CUTS BUDGET AND INSISTS ON NO-BORROWING POLICY

The Kenyan President, President William Ruto has made it a priority to cut down the country’s debt and its external borrowing.  Since his inauguration...

Naira redesign targeted at opposing political parties – Deji Adeyanju

Influential socio-political activist, Deji Adeyanju, on Tuesday, said the redesigning of the naira by the Central Bank of Nigeria is aimed at attacking the...

Nigeria strikes major oil deal with South Korea

Mr Femi Adesina, the special adviser on Media and Publicity to the President of Nigeria, on Thursday October 27 2022, confirmed that Nigeria had...

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...

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