🇳🇬 From emergency interventions to economic lifelines: How
Nigeria's Federal Government has secured a landmark $200 million loan from the African Development Bank to deploy 90,000 kilometres of open-access fib...
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🌍 Turkey, Somalia launch first offshore oil drilling project
Somalia has crossed a critical threshold in its economic development journey. The arrival of a Turkish drilling vessel in Mogadishu's port marks the b...
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🇳🇬 FG secures $200 million AfDB loan for 90,000km fibre project
Nigeria has secured a pivotal $200 million loan from the African Development Bank (AfDB) to deploy 90,000 kilometres of open-access fibre infrastructu...
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🇳🇬 The quiet shift: Why Northern Nigeria’s developer
While international media continues to spotlight Lagos as Africa's tech epicenter, a parallel and largely underreported transformation is unfolding ac...
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🇳🇬 Oando to raise $750 million to boost oil output by 300%
Oando Plc, Nigeria's largest independent oil and gas exploration and production company, is preparing to raise $750 million in fresh capital to fund a...
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🇳🇬 Nestlé, Unilever Nigeria’s intercompany loans
Nestlé Nigeria Plc and Unilever Nigeria Plc disclosed combined intercompany loans totalling $316.615 million as of December 31, 2025, according to the...
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🇳🇬 Nigeria’s Treasury Bills Auction attracts
Nigeria's fixed-income market delivered a strong signal of investor confidence this week when the Central Bank of Nigeria's Treasury Bills Primary Mar...
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🇪🇬 IMF approval signals sustained confidence in Egypt's
Egypt's economic stabilization effort has reached a critical milestone with the International Monetary Fund's approval of $2.5 billion in combined fif...
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🇪🇬 IMF approves $2.5B fifth, sixth reviews of Egypt’s economic
Egypt's International Monetary Fund program has reached a critical inflection point. The multilateral lender has approved the fifth and sixth reviews ...
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🇳🇬 NNPC remits N1.8 trillion to Federation Account in February
Nigeria's state-owned petroleum giant, NNPC Limited, transferred N1.804 trillion (approximately $2.2 billion USD at current exchange rates) to the Fed...
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🇳🇬 SUNU Assurances announces board changes as Olajumoke Bakare
SUNU Assurances Nigeria Plc, a significant player in West Africa's insurance market, has announced a strategic board restructuring following the depar...
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🇪🇬 Egypt Establishes Gargoub Special Economic Zone
Egypt is executing an ambitious infrastructure play that could fundamentally reposition the country as a logistics and manufacturing hub for European ...
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🇪🇬 Ras El Hekma “a catalyst for the development of Egypt’s
Egypt is placing a strategic wager on Ras El Hekma, a sprawling new city development on the Red Sea coast, as a centerpiece of its economic diversific...
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🇪🇬 Egyptian economy displays signs of stabilization; reforms
Egypt's macroeconomic stabilization programme is entering a decisive phase. After years of currency volatility, inflation pressures, and capital contr...
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🇰🇪 Sasini to sell Nairobi avocado plant amid strategy shift
Sasini Limited, Kenya's venerable agricultural conglomerate, is divesting its Nairobi-based avocado processing facility, marking a significant strateg...
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🇳🇬 Oyedele admits errors in new tax laws, assures swift
Nigeria's fiscal landscape is experiencing significant turbulence. Taiwo Oyedele, the architect of President Bola Tinubu's sweeping tax reform agenda,...
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🇳🇬 NNPC monthly profit drops 64% as revenue hits N2.68trn
Nigeria's National Petroleum Corporation (NNPC) reported a dramatic 64.67% collapse in monthly profit during February, dropping to N136 billion (appro...
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🇰🇪 Banks double lending target to small businesses to hit
Kenya's banking sector is experiencing a significant structural shift. In 2025, commercial banks have doubled their new lending allocations to Micro, ...
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🌍 Namibia: Cabinet Prohibits Mining Activities At Kunene
** Namibia's Cabinet has moved to establish police-enforced protection over mining lands in the Kunene region, specifically targeting the village of ...
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🇳🇬 ‘Aviation growth in Africa stifled by policy, poor
Africa's aviation sector stands at a critical juncture. With over 1.4 billion people, 54 nations, and vast geographic distances spanning 30 million sq...
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