Shareholders approve Ecobank dividend
For the first time since 2016, shareholders of Ecobank, the leading pan-African bank with operations across 33 African countries, will receive a dividend. The...
South Sudan, Ethiopia Sign MoU for Electricity Supply
Ethiopian Electric Power (EEP), the country’s state-owned power company, has signed an agreement to sell 100 megawatts to South Sudan for the next three...
AfDB’s Adesina addresses criticism over mounting debt, bad governance structure
The President of the African Development Bank (AfDB) Akinwunmi Adesina, has defended the lender against criticism contained in a report by The Economist over...
Member of Parliament faults approval of Article 2 of Community Audit Report
By Favour Egbuta, Amadin Uyi
A member of the Economic Community of West African States, ECOWAS, Parliament, Sierra Leone, Honourable Veronica Sesay, has faulted the...
Nigeria’s Eurobond yield rises to 10.6%
Nigeria’s Eurobond Yield with a maturity of 2022 closed trading on Friday at a yield of 10.6% up from 8.9% at the end of...
Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%
Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per cent of its receipts...
AFC launches $2bn facility to keep continent’s economy afloat
The Africa Finance Corporation (AFC) has launched a $2billion (About N826billion) facility to support recovery and resilience in Africa as a response to economic...
Nigeria, South Africa, 12 others begin cross-border securities trading
NIGERIA and 13 Africa’s largest economies and capital markets have created a unified platform for trading of securities.
The breakthrough promises to enhance free flow...
Tanzania topples SA as Kenya’s top source of imports in Africa
Tanzania has become the largest source market for Kenya on the continent after overtaking South Africa, partly on the back of increased orders of...
West African gas pipeline expansion project to boost natural gas supply
The Nigerian Government has revealed that West African Gas Pipeline Expansion Project is working closely with the Nigeria-Morocco Gas Pipeline (NMGP) Project for possible...
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