Kenya’s Central Bank has decided to leave the country’s headline interest rate unchanged at 7%. The monetary policy body says its current accommodative policies are good enough. Like other central

The African Export-Import Bank (Afreximbank) on Tuesday announced a $100 million financing to enable its member states procure COVID-19 related medical resources through the Africa Medical Supplies Platform (AMSP). The

Lillian Jijingi   Figures just released by Statistics South Africa shows the jobless rate in Africa’s most industrialized nation fell to 23.3% from 30.1% in the second quarter of this

The World Business Angels Investment Forum Monday announced the African Development Bank (www.AfDB.org) as its newest board member. In this capacity, the bank will represent Africa’s early-stage equity markets, entrepreneurship

The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building

Abel Ejikeme Nigeria’s Minister of State for Petroleum, Mr. Timipre Sylva on Monday allayed fears of staffers of the Nigerian National Petroleum Corporation (NNPC), over the alleged plan of scrapping

Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls

Goddy Egene The Nigerian equities market gained a record N350 billion last week as investors swooped on stocks in search of higher returns following a cut in the Monetary Policy

With a total debt burden of N5.39 trillion as at the end of December 2019, the 36 states of the federation are no longer eligible to borrow from the capital

The African Export-Import Bank (Afreximbank) announces that Fitch Ratings has affirmed the bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘ with a stable outlook. The agency also affirmed the Bank’s

Lillian Jijingi Barclays, Lloyds, French bank Societe Generale, US investment bank Goldman Sachs and other major banks are now telling hundreds of their UK staff to go back and work

Lillian Jijingi Zambia became the first African country to ask bondholders for relief since the onset of the coronavirus, seeking to defer interest payments on its Eurobonds as it battles

Lillian Jijingi As Libya prepares to resume oil production, concerns have been raised over who supervises its export and how to ensure oil revenue will be divided equally among interested

There are fears that Africans will reject the African Continental Free Trade Area Agreement if the accord benefits only industrialized countries on the continent. Secretary-General of the African Continental Free

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), on Tuesday, resolved to tweak its controlling lending rate while retaining its liquidity ratio and cash reserve requirement, to make

HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago, as pressure mounts on several fronts, including a potential threat to its China expansion plans

The clock is ticking towards October, when the rescheduled World Bank board meeting on Nigeria’s request for a $1.5 billion budgetary support financing will be held. The sum which was

In a bid to ensure that Nigeria’s foreign exchange is prudently managed and used for the importation of priority goods, the Central Bank of Nigeria (CBN) has further beamed its

Following President Muhammadu Buhari’s request, presidents of West African countries have repeated their commitment to the victory of Dr Ngozi Okonjo-Iweala for the position of Director-General of the World Trade

Participants at a webinar to present the African Development Bank’s African Economic Outlook Supplement to Asian audiences on Monday have endorsed the report as critical for post-COVID-19 Africa. “Despite the