Dangote Cement raises N116 billion to refinance debts
Dangote Cement has raised N116 billion from banks and high networth individuals to repay the cement business rising debt, as...
Sanlam announces strategic €2 billion deal with Allianz to combine resources across 29 African countries
One of Africa’s largest insurance services providers, Sanlam, has announced a strategic partnership with Allianz SE, a global leader in...
Aliko Dangote is now the 67th richest person in the world with a net worth of $20.7 billion
Africa’s richest man Aliko Dangote, has emerged as the 67th richest person in the world with an estimated net worth...
Bank of Uganda says cryptocurrency has no place in domestic market
The Bank of Uganda (BoU) has issued a prohibition on the use of crypto in the nation – warning its...
Strong sales on COVID vaccine, oral treatment earns Pfizer $15bn in Q1
Pfizer stepped out strong in its first-quarter earnings report after its COVID vaccine and oral antiviral treatment, Paxloid combined to...
FERTILIZER: Nigeria to pay more for Canada’s potash, sanction against Russia bites
Africa’s most populous country has turned to Canada for its potash needs – a key raw material input for fertilizer...
Kenya: President Uhuru Kenyatta issues executive order raising the minimum wage for workers by 12% effective May 1
Kenya’s President Uhuru Kenyatta has issued a directive to increase workers’ minimum wage by 12 per cent, effective immediately. The...