Emirates airline to serve Cameroon as of this June
Emirates, the Middle East’s biggest carrier, will open a new route to Cameroon as of this June according to information revealed by the pan-African newspaper, […]
Nigeria
Africa loses $ 11 billion annually from fraud and tax avoidance, Oxfam
Multinational companies deprive African governments of 11 billion dollars in taxes each year, and the G7 world leaders should set up a new global body […]
Nigeria’s anti-graft agency arrests over 20 bankers for fraud
Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]
Kenya: Foreign investors haul $51Mln out of Nairobi Securities Exchange
The Nairobi Securities Exchange has lost 6.75% of its value during the month of May 2015. According to official sources, foreign investors took out Sh1.5 […]
Nigeria: Samsung Electronics, Diamond Bank and Softcom Ltd. raise $100 mln technology intervention fund
Samsung Electronics, Diamond Bank and Softcom Limited have strategic partnership to raise $100 million technology intervention fund, to drive education in Nigeria. The three firms […]
Nigeria Energy Crisis: Only 5 of 23 Power Plants are Functional
Nigeria’s energy crisis deteriorated Monday, as the Nigerian Electricity Regulatory Commission (NERC), the government agency responsible for regulating operations in the electricity sector, reported that […]
Equity Bank to open office in DR Congo
Leading kenyan commercial bank, Equity Bank plans to expand to Congo. The Bank’s banking group has announced that it would soon open office in DR […]
Johann Rupert-backed Fund raises $ 345 Mln for Africa
Pembani Remgro Infrastructure Fund, founded by two of South Africa’s richest men, has raised $345 million to invest in electricity generation, transport and logistics in […]
E.U. allocates € 34 million food aid to six African countries
The European Union has announced providing assistance worth €34 million for immediate food aid for the most vulnerable people in Mauritania, Senegal, Gambia, Mali, Niger […]
Nigeria: Skye Bank 2015 Q1 pretax profit up 81% in Q1 2015
The Nigerian bank, “Skye Bank” has announced on May 19th, in a statement that its first quarter (Q1) 2015 pretax profit climbed up 81 percent […]