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Money

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Mauritius Risks European Union Blacklist, for Money Laundering

The European Union has included Mauritius on its revised list of high-risk countries with strategic deficiencies in anti-money laundering and counter-terrorist financing frameworks. Famous as a financial haven in Africa, Mauritius harbours investments by wealthy individuals within and outside the continent who build companies and investments on the island because o

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Post-Pandemic Homecoming Set to Boost African Airlines’ Recovery

Ethiopian Airlines Group sees African air traffic returning to pre-coronavirus crisis levels quicker than the rest of the world, boosted by a temporary spike in demand from stranded citizens returning home. Governments of countries including Uganda, Kenya and Madagascar closed their borders before or almost immediately after confirming their first Covid-19

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South Africa Experience Huge Rise In Whisky Industry

The commercial whiskey industry in South Africa is around 40 years old. The country spends a lot of time educating the South African consumer about what is whiskey but at the same time whiskey is the largest spirit category in South Africa. Whisky is the most popular spirit drink in

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women agriculture

$200 Million To Be Given By World Bank To Nigerian Farmers

Over 60,000 Nigerian farmers will be given the total sum of $200 million by the World Bank through its productivity enhancement and livelihood improvement support  (APPEALS) initiative. Anne Ihugba, the head of Corporate Communications of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), made this known on sunday. This will be executed across

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foreMag

Sudanese Exchange Precious Gold for cash

Gold business in Sudan begins to be boom as a lot of people exchange the precious metal for cash as the country’s economic crisis shows no sign of slowing down.   The people of Sudan are known to save their money in form of gold. Due to protests and the

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unemployment

SA Unemployment Rate Jumps to 29%, The Worst Since 2008

SA’s official unemployment rate jumped to 29% in the second quarter of the year, the highest jobless rate since the start of 2008. The country’s unemployment rate was 27.6% in the first quarter of 2019, meaning the rate has increased by 1.4 percentage points. According to the Quarterly Labour Force Survey for the

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SME

In 2yrs 50,000 MSMEs were Granted DBN loans

The Development Bank of Nigeria (DBN) has lent at least N70 billion to over 50,000 micro, small and medium scale enterprises (MSMEs) in less than two years since its establishment. The financial institution (DBN) was established in 2017 to alleviate financing constraints faced by MSMEs in Nigeria through providing financing,

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CBN

Nigeria’s Monetary Rate to Drive Economic Growth.

Nigeria’s Monetary Policy Committee (MPC) has maintained the Monetary Policy Rate (MPR) – also called interest rate – at 13.50 percent, while other parameters remain unchanged. The decisions by the Central Bank of Nigeria (CBN) committee were arrived at during a meeting in Abuja. At the end of the two-day

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mGURUSH

South Sudan gets First Mobile Money Service.

Trinity Technologies Limited and Zain Telcoms in South Sudan has seen the birth of the country’s first mobile phone-based money transfer service, mGurush (m for mobile and Gurush for money in Arabic). The Vice President of Trinity Tech, Joseph Arinaitwe, the new mobile commerce platform is a “simple, easy to

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ZIMBABWE INFLATION

Zimbabwe Records High Inflation Rate of 175.66%

Life gets harder for the people of Zimbabwe as the country records high inflation rates. The prices of basic commodities are soaring , as  inflation rate hits 175.66%, the highest ever in the last decade,  stoking fears of a return of the hyperinflation that wiped out savings ten years ago when

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