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China, Africa strengthen ties with historic MoU signing

China, Africa strengthen ties with historic MoU signing

The Africa Growth Solutions (AGS) and China-Africa Commercial Affairs Centre have signed two historic Memoranda of Understanding (MoUs) in Changsha, China, paving the way for unprecedented economic cooperation between China and Africa. The MOUs aim

Business
Agritech startup wins venture building spots in Hackathon

Agritech startup wins venture building spots in Hackathon

A startup that connects smallholder farmers with financiers, FarmSlate, has won the First City Monument Bank (FCMB) Agritech Hackathon for the year 2024. FarmSlate got a prize money of N3.5 million and will now take

Business
African countries push for US$25 billion replenishment of the African Development Fund

African countries push for US$25 billion replenishment of the African Development Fund

Sudan has increased its pledged contribution to the replenishment of the African Development Fund to US$3 million, its Minister for Finance and Economic Planning Dr. Gebreil Ibrahim Mohamed Fediel announced. Fediel made the announcement during

Business
Nigeria to Get Off Grey List by May 2025 – CBN

Nigeria to Get Off Grey List by May 2025 – CBN

The Central Bank of Nigeria (CBN) has announced that the apex bank is engaging at the highest level to facilitate Nigeria’s removal from the Financial Action Task Force’s (FATF) “grey list,” an anti-money laundering watchlist, by

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Moniepoint reaches African unicorn status with $110 million funding boost   

Moniepoint reaches African unicorn status with $110 million funding boost  

Moniepoint Inc. has successfully raised US$110 million in equity financing to power the dreams of millions of businesses and their customers across Africa and the diaspora. Founded in 2015 by Tosin Eniolorunda and Felix Ike,

Business
Russia admits that Tanzania’s geography could help with its logistics

Russia admits that Tanzania’s geography could help with its logistics

Tanzania, according to Russia, seems to have a geographic advantage it can tap into. Russia mentioned Tanzania’s location on the East African coast, which is vital for accessing the neighbouring land locked markets. The Russian

Business
We have 500m liters, marketers not buying our products – Dangote

We have 500m liters, marketers not buying our products – Dangote

Aliko Dangote, President of Dangote Group, confidently declared on Tuesday that his refinery has more than enough capacity to meet local gasoline demand, pointing out that around 500 million litres of fuel remain uncollected by

Business
Ghana Eyes Fuel Imports From Dangote Oil Refinery

Ghana Eyes Fuel Imports From Dangote Oil Refinery

Ghana could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday. This

Business
FirstBank Ghana launches SME Fair to empower local entrepreneurs

FirstBank Ghana launches SME Fair to empower local entrepreneurs

FirstBank Ghana has launched the 2024 edition of its SME Fair at the Atomic Junction Branch, creating an exceptional platform for its Small and Medium-sized Enterprise (SME) customers to showcase their products and services. This

Business
MTN Ghana holds Executive Business Breakfast

MTN Ghana holds Executive Business Breakfast

MTN Ghana has held one of its business series, the MTN Executive Business Breakfast, at the Labadi Beach Hotel in Accra. The event, held under the theme "Bridging the Skills Gap," was aimed at strengthening