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
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 […]
Nigeria to go nuclear by 2025
Nigeria Atomic Energy Commission Chairman and Chief Executive Officer, Franklin Erepamo Osaisai has stated that the first nuclear powered plant in the country will be […]
Nigeria: Elections celebrations short-lived as Boko Haram strikes again
Barely a few days after winning the presidential elections, Nigeria’s next to-be president Muhammad Buhari has started feeling the heat of political affairs once more […]
Nigeria : Buhari delivers speech after victory
General Muhammadu Buhari has been officially declared winner of the Nigerian presidential elections by the Independent National Electoral Commission (INEC) in what is known to […]