Finance
Mozambique’s Ex-Finance Minister Convicted in $2 Billion Fraud Scandal
Former Mozambican Finance Minister Manuel Chang has been convicted by a federal jury in Brooklyn, New York. This is owing to his role...
Ghana Opens First Gold Refinery To Boost Revenue
Ghana, Africa’s leading gold producer, opened its first commercial gold refinery on Thursday. The Royal Ghana Gold Refinery, situated in Accra, can refine...
Russia Legalizes Crypto Payments for International Trade to Counter Sanctions
Russia’s lower parliament has approved a new law allowing the use of cryptocurrencies for international payments. The law is set to take effect...
Egypt Capitalises On Falling Wheat Prices With Massive Purchase
Egypt’s state-run grain buyer, General Authority for Supply Commodities (GASC), has announced plans to buy up to 3.8 million tons of wheat through...
Uganda Central Bank Lowers Interest Rate to 10% As Inflation Outlook Improves
Uganda’s central bank has reduced its key lending rate by 25 basis points to 10 per cent, marking the first cut in a...
NIS Indefinitely Suspends Immigration Officer for Begging Traveler at Lagos Airport
The Nigeria Immigration Service (NIS) has indefinitely suspended an officer caught on camera begging a traveller for money at the Murtala Muhammed International...
Kenya Hires German Firm To Print Banknotes
Kenya Central Bank Governor Kamau Thugge said Kenya hired a German money printing firm to replace De La Rue, who exited in 2023...
The Gambia: Foreign Companies Paid Bribes To Evade Tax On Petroleum Imports, Lawmaker Alleges
A member of The Gambia’s National Assembly, Sainey Jawara, has alleged that some officials received 600,000 Gambian Dalasi ($8,600) monthly as bribes from...
EXCLUSIVE: Despite Fraud Investigation, CBN Approves Unity Bank Merger With Providus Bank, Provides Unexplained N700 Billion Bailout
The Central Bank of Nigeria (CBN) has approved the proposed merger between Unity Bank and Providus Bank, despite a lengthy fraud investigation that...
We Don’t Have Written Communication On Suspension Of Import On Food Items – Nigerian Customs Tell Importers
The Importers Association of Nigeria (IMAN) have accused the Nigerian Customs of continuing to collect import duties on food items despite President Bola...
Newly Appointed PenCom Director Was Reportedly Sacked By First Bank Over N40bn Fraud
According to an exclusive report by Tech Cabal, over 100 employees were sacked in July 2024 over an N40 billion fraud engineered by...
Nigeria’s Public Debt Projected To Reach ₦130 Trillion By December 2024 – Afrinvest
A new report from investment management company Afrinvest has predicted that Nigeria’s public debt will rise to ₦130 trillion by December 2024. This...