Author: John Odike

South Africa’s inflation continues to retreat

Inflation South Africa’s consumer inflation continues to retreat, which cooled to 5.4 percent in June from 6.3 percent in May, official data showed Wednesday. The level was below the upper limit of the inflation target range set by the South African Reserve Bank, the country’s central bank, said Statistics South Africa. The inflation rate in

FG moves to attract investors through information technology-enabled services in Nigeria

In a bid to expand the country’s business landscape, the Federal government is seeking the exploration of the Business Process Outsourcing (BPO) mechanism as a means of attracting more investment into Nigeria. Speaking in Abuja on Wednesday at the International conference on Trade-In-Services organized by the Nigerian Export Promotion Council (NEPC), the Permanent Secretary of

Inside Africa’s debt bind

Ghana’s recent sovereign debt default, following those of Ethiopia, Zambia and Chad, may raise concerns about South African banks’ rest-of-Africa exposure. Analysts allay those fears — but with pressure on countries around the continent, there may still be a drag on local growth 20 July 2023 – 05:00 Jaco Visser Many Sub-Saharan African countries seem

Can President Tinubu tame the individualistic African leaders?

There is no doubt that the role of President Bola Ahmed Tinubu as the chairman of the Economic Community of West African States (ECOWAS), a body established to promote economic cooperation among members states for the purpose of raising the living standards and economic development within the region is a tough one. Ordinarily, the job

Empowering Africa’s Fintech Future | FinTech Magazine

The MENA Fintech Association has set up a new committee to empower and support the emerging fintech ecosystem in Africa. According to McKinsey research published earlier this year, fintech in Africa is set to grow by 10% per year through 2025, reaching US$150bn. This is being driven by increasing smartphone adoption; better network coverage; and

Climate finance: AfDB invests $20m in Pembani Remgro Infrastructure Fund II

The Board of Directors of the African Development Bank (AfDB) has approved a $20 million investment in the Pembani Remgro Infrastructure Fund II in Côte d’Ivoire. The Bank’s investment will allow the Fund to raise up to $400 million from private, commercial or institutional investors to invest in industrial and infrastructure projects in Africa. Abdu Mukhtar,

Zubby Michael Net Worth, Bio, Movies, Politics and Girlfriend

According to estimates, Zubby Michael net worth is over $5 million. He is one of the most influential performers in the Nigerian film industry, having acted in films for the past 20 years. Zubby Michael is a Nigerian actor and producer who is considered to be one of the richest and oldest performers in the