FG Announces Pricing of US$1 Billion Notes
The Federal Republic of Nigeria (the “Republic”) today announces that it has priced its offering of US$1 billion aggregate principal amount of notes (the...
Why Does Nigeria Import so Much Rice?
Rice is a big deal in Nigeria. People love eating it. So the BBC's Ijeoma Ndukwe asks: why don't they grow more of it...
Fairfax Said to Raise About $500 Million for New Africa Fund
Canadian insurer sold stock via IPO on the Toronto bourse
Fairfax had aimed to raise as much as $1 billion for fund
Prem Watsa’s...
Deutsche Bank’s Israel CEO Detained Over Alleged Tax Fraud
Laptops and mobile phones seized after search of bank offices
Bank says it’s cooperating with tax authorities on the enquiry
Boaz Schwartz, Deutsche Bank...
Islamist Gunmen Kill Four Guards in Hotel Attack in Somalia
Islamist gunmen stormed a hotel in Somalia's semi-autonomous Puntland region on Wednesday, killing four guards, a senior official and an Islamic State agency said.
Islamic...
Lai Mohammed Kick-starts Tour of Tourist Sites with Visit To Owu Fall
The Minister of Information and Culture, Lai Mohammed, kicked-started a tour of tourist sites in the country with a visit to the spectacular Owu...
‘Death Spiral’ Looms for Zimbabwe Economy as Cash Runs Out
Cash shortage leaves account holders unable to access funds
Bond notes issuance a disaster, economic professor says
Zimbabwe’s crippling cash shortage has left a...
Convicted Nigerian Politician Returns to Country from Britain
James Ibori, who as governor of oil-rich Delta State became one of Nigeria's richest and most powerful men, has returned to the country after...
Moody’s Says Ghana Deficit Will Heighten Currency Volatility
Country seeks to finalize audit of budget arrears by Feb. 15
Discovery of unpaid spending is credit negative, Moody’s Says
Ghana’s worse-than-expected budget deficit...
Sahara Group Renovates Library to Boost Learning in Tanzania
Leading African energy conglomerate, Sahara Group, has renovated the library at Pugu Secondary school in Tanzania; opening a new world of learning and development...
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