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Ernest Addison, Governor of the Bank of Ghana talks during the bank’s Monetary Policy Committee new conference in Accra

upward bound

Ghana’s central bank hiked interest rates to 22% to fight inflation. Will it succeed?

An emergency meeting of the central bank’s monetary policy committee on Wednesday increased policy rate by 300 basis points to 22% -- the third ... time since January -- as the country struggles with rising inflation and the downward spiral of the cedi.

An employee of tech start-up Sendy, which offers online logistics services, works on her computer at their office in Nairobi

known identity

Nigeria: Identitypass CEO on fundraising and valuations in Africa’s nascent start-up industry

When verification and compliance start-up Identitypass took the decision to raise Series A funding towards the end of last year, Lanre Ogungbe, ... co-founder and CEO explains how he began collecting the names of funds, venture capital (VC) and private equity (PE) firms in one long and winding document.

binance finance

Cryptocurrencies: How Binance’s Changpeng Zhao plans to conquer Africa

The billionaire founder of the cryptocurrency exchange platform answered our questions on Bitcoin in Central Africa, regulations and the growth ... of his sector on the occasion of his first trip to the continent.

lock down

Emirates to suspend all Nigerian flights over trapped $85m revenue

Emirates airlines has announced plans to stop all flights to and from Nigeria from 1 September 2022 over its inability to repatriate over $85m ... that has been stuck in the country for several months.

Business top stories

Ernest Addison, Governor of the Bank of Ghana talks during the bank’s Monetary Policy Committee new conference in Accra

upward bound

Ghana’s central bank hiked interest rates to 22% to fight inflation. Will it succeed?

An employee of tech start-up Sendy, which offers online logistics services, works on her computer at their office in Nairobi

known identity

Nigeria: Identitypass CEO on fundraising and valuations in Africa’s nascent start-up industry

binance finance

Cryptocurrencies: How Binance’s Changpeng Zhao plans to conquer Africa

Ernest Addison, Governor of the Bank of Ghana talks during the bank’s Monetary Policy Committee new conference in Accra

upward bound

Ghana’s central bank hiked interest rates to 22% to fight inflation. Will it succeed?

An employee of tech start-up Sendy, which offers online logistics services, works on her computer at their office in Nairobi

known identity

Nigeria: Identitypass CEO on fundraising and valuations in Africa’s nascent start-up industry

binance finance

Cryptocurrencies: How Binance’s Changpeng Zhao plans to conquer Africa

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red herring

Nigeria: Political instability undermines prospects for economic diversification

Few targets have been pursued with such consistency as economic diversification in Nigeria, which has been an official policy aim since independence. ...

Men stand near a gas truck during the unveiling of the National Gas Expansion Programme, in Abuja

green justice

‘We are not the problem’ – Africa insists on gas as transition fuel

Global conferences demand that developing countries hasten their journey to clean energy, but African political leaders are pushing back. They ... want to develop the continent's gas deposits, in particular, to deliver vitally needed power.

On the up

Mauritania’s Ousmane Mamadou Kane: ‘We can borrow on the international markets’

Despite the economic uncertainties linked to the war in Ukraine, Mauritania’s former central bank governor remains confident in his country's ... ability to return to a sustained growth rate.

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legal tender

Crypto: From scammers to influencers – players of the African blockchain

The craze for this alternative payment method is attracting a lot of interest on the continent. We bring you a closer look at the pioneers of ... African cryptocurrencies.

Article 1/1 of "Crypto Adventurers"

South Africa's finance minister presents 2022 budget

Cost of Indecision

South Africa: Ministers are invisible bottleneck in customs duties decisions

South Africa’s slow decisions on customs duties are hurting the economy, with the unclear role of finance and trade ministers causing most ... of the damage, XA Global Trade Advisors CEO Donald MacKay told an online briefing.

Change in Status

Why Côte d’Ivoire is renationalising oil company Petroci

Although the oil deposits identified in Côte d'Ivoire promise new resources for the state, negotiations with the many partners involved are ... still ongoing. To facilitate this, oil company Petroci is being transformed into a 100% state-owned company.

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