Financial Services
IFC Launches Program to Empower Women-led Startups in sub–Saharan Africa
Abidjan, Cote d'Ivoire, June 5, 2023–To support women entrepreneurs across sub–Saharan Africa, IFC today launched She WINS Africa, a program...
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Google Now Enables Naira Payments on Play Store
Google has made a groundbreaking announcement that is set to revolutionize digital transactions for Nigerians - the integration of the...
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Central Bank of Nigeria Raises Interest Rate to 18.75%, the Highest in 22 Years
In response to the surging inflation rate in Nigeria, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
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Moody’s Maintains Afreximbank’s Credit Rating at Baa1
The African Export-Import Bank (Afreximbank) Africa’s foremost multilateral trade finance institution, announces that the global credit ratings agency Moody’s has...
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FCCPC to Prosecute POS Operators Over Charges Increase
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Point of Sales (POS) operators and...
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United Bank for Africa (UBA) Foundation Walks the Talk on Sustainability, Pioneers Commitment to Environment, Africa’s Green Revolution
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc (www.UBAGroup.com), has once again taken...
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African Development Bank enters new $1 billion exposure exchange with the Asian Development Bank to increase development lending capacity
Exposure exchanges between multilateral development banks involve a synthetic exchange of sovereign exposures The Board of Directors of the African...
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Bank of Industry’s Total Assets Hits N3.29 Trillion
The Managing Director/Chief Executive, Bank of Industry (BoI), Mr. Olukayode Pitan, yesterday disclosed that since it commenced its innovative financing...
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Invest International injects $10.8 million in uMunthu II Fund to support African SMEs
Invest International, a leading investment firm, has made an investment of $10.8 million in the Umunthu II Fund to support...
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MyCover.ai secures $1.25m pre-seed funding to expand insurance footprint in Africa
MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round,...
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