Ghana overshadows Nigeria, catches VW’s eye as West Africa hub

Motor vehicle manufacturer Volkswagen (VW) has set eyes on Ghana as the gateway to its West Africa operations as it seeks to expand its footprints on the continent, says Martina Biene, chairperson and managing director of Volkswagen Group South Africa, who’s also responsible for sub-Saharan Africa. Where Nigeria is failing, Ghana is standing out with

MTN pushes for growth in battered Nigeria and Ghana

MTN’s largest business aims to grow revenue by at least a fifth even as high inflation, elevated interest rates and cash shortages continue to be risks on operations.  “We will continue to monitor our trading environment as the year unfolds and manage the near-term effects of inflation and foreign exchange rates on the business,” MTN

Top 10 Largest Companies in Africa

Africa is home to some of the world’s largest companies, operating in various sectors such as telecommunications, banking, and mining. These companies are poised to continue their growth and dominance on the continent. The biggest companies in Africa for 2023 include notable names such as MTN Group, Standard Bank Group, and Anglo-American. These companies have

Still a generator economy – The Sun Nigeria

Nigeria is fast consolidating her Giant of Africa status. And I wonder who garbed my dear country in such overflowing robe. Nigeria has the largest economy on the continent followed by South Africa and Egypt in that order. But is it just about size of economy? Of all three top economies in Africa, Nigeria is

Kenya looks at new regulations to tax crypto

Kenyan Crypto Kenya is reportedly considering enforcing new regulations that will tax crypto exchange platforms like Binance and Bitmama. Business Daily reports that crypto platforms operating in Kenya may soon have to pay a 1.5% duty on every transaction they make, per the Value Added Tax (Electronic, Internet and Digital Marketplace Supply) Regulations, 2023. Kenya

Ruto’s National Lottery Taskforce benchmarking in Italy, South Africa

The Presidential Taskforce on the establishment of a national lottery is out of the country on a benchmarking tour. A team led by technical committee chair Narendra Raval is in Italy while that of the Betting Control and licensing board (BCLB) board chair Jane Makau is in South Africa on a four-day trip. The two

Nigeria $149.32 Billion: Top African Countries With Savings in US Dollars

About 10 countries in Africa have amassed enough savings in US dollarsNigeria is leading the pack with about $149.32 billion of its funds saved in US dollarsSouth Africa follows the country with 67.81 billion of its money saved in US dollars A country’s financial strength can be measured by its gross savings, including household incomes,

MTN GROUP LIMITED – MTN Nigeria and MTN Ghana results released for the quarter ended 31 March 2023 – SENS

MTN Nigeria and MTN Ghana results released for the quarter ended 31 March 2023 MTN Group Limited(Incorporated in the Republic of South Africa)(Registration number 1994/009584/06)(Share code MTN)(ISIN: ZAE000042164)(MTN) MTN Nigeria and MTN Ghana results released for the quarter ended 31 March2023 MTN shareholders (Shareholders) are advised that MTN Nigeria has released its financial results for