Business Daily

Safaricom Bonga points to expire as unclaimed liabilities hit Sh4.5 billion

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Safaricom has introduced an expiry date on its loyalty programme, popularly known as Bonga Points, in a bid to encourage redemption and unlock the underlying revenue that totalled Sh4.5 billion as of march this year. The listed telco…
Africa News

100-million-Euro EU Grant to Support Reforms in Tunisia

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The European Union granted ,on Monday November 15, 100 million euros to Tunisia, a country in the midst of a political and financial crisis. The EU support program "aims to support economic recovery efforts and to consolidate the progress…
CNBC Africa

IMF Grants Malawi Waiver in Reserves Misreporting Case

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The International Monetary Fund’s executive board has granted Malawi a waiver after it was suspected of misreporting its foreign exchange reserves, helping clear the way for new lending, the IMF’s resident representative for Malawi told…
The Africa Report

Nigeria Approves 1,650MW Hydropower Project, Official Says

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Nigeria has approved the construction of a 1,650MW hydropower plant at a cost of $3bn, making it one of the single biggest power projects in the country, the vice president's spokesperson said on Tuesday. It comes as private sector financing…

Mozambican Leader Announces First LNG Export Shipment

Mozambique has officially started exporting liquefied natural gas (LNG) produced in the country's north which is plagued by jihadist attacks. President Filipe Nyusi made the announcement Sunday (Nov 13). It is the first shipment of gas…

WTO Joins Call For Greener Markets and Trade Logistics to Promote Low-Carbon Transition (WTO)

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A side event at the COP27 climate summit in Sharm El-Sheikh, Egypt on 10 November organized by the WTO and other international organizations focused on ways sustainable trade can address the specific challenges of developing and least-developed…

Africa targets sustainable tourism

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The World Travel Market was held from November 7 to 9 in London, to discuss the business advantage of responsible tourism; In the midst of population growth, Africa is facing the need for public transport; The African continent remains…
Africa News

South Africa Public Sector Workers Strike Over Wage Demands

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Thousands of public servants began a one-day strike in South Africa on Thursday over wage demands, professional organizations said. The work stoppage is being led by one of South Africa's largest public service unions, the Public Servants…
African Business

AIF 2022 Closes With Cautious Optimism and Billions in Investment

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A resplendent gold bow tie, a focused stare, and a wry smile, Dr Akinwumi Adesina proudly steps onto the stage of the African Investment Forum to announce a record year: In 72 hours, the African Development Bank (AfDB) and its partners managed…

2022 United Nations Climate Change Conference (COP27): Resources

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  From 6 to 18 November 2022, Heads of State, ministers and negotiators, along with climate activists, mayors, civil society representatives and CEOs have been meeting in the Egyptian coastal city of Sharm el-Sheikh for the largest…