FeaturedIslamic BankingNigeria to issue $610 mn sovereign sukuk on its domestic marketIFM CorrespondentNovember 4, 2021 by IFM CorrespondentNovember 4, 2021 The fund is being raised to finance road projects, according to the Debt Management Office... Read more
CurrencyFeaturedNigeria launches Africa’s first digital currency after banning crypto exchangesIFM CorrespondentOctober 28, 2021 by IFM CorrespondentOctober 28, 2021 The e-Naira could potentially boost Nigeria's GDP by $29 bn over the next decade... Read more
FeaturedTechnologyThe Africa Blockchain Centre raises funds to boost blockchain adoption in AfricaIFM CorrespondentOctober 27, 2021 by IFM CorrespondentOctober 27, 2021 It will focus on six African markets which are 6 Africa markets of Tanzania, Kenya, Nigeria, Zambia, Uganda, and South Africa... Read more
EconomyFeaturedChanges in policy framework key to transforming recovery in MENA: IMFIFM CorrespondentOctober 25, 2021 by IFM CorrespondentOctober 25, 2021 While several countries in the region have made significant strides, but the progress has been inconsistent... Read more
FeaturedPorts and ShippingDP World, CDC Group pledge $1.7 bn to develop ports in AfricaIFM CorrespondentOctober 13, 2021 by IFM CorrespondentOctober 13, 2021 DP World will invest around $1 bn in Dakar in Senegal, Ain Sokhna in Egypt, and Berbera... Read more
FeaturedHealthcareGhanaian healthtech mPharma to open 100 virtual centres across AfricaIFM CorrespondentOctober 12, 2021 by IFM CorrespondentOctober 12, 2021 mPharma provides about 10,000 physician consultations to patients through its network of pharmacies... Read more
EnergyFeaturedEU to allocate $65 mn to boost Nigeria’s electricity sectorIFM CorrespondentOctober 8, 2021 by IFM CorrespondentOctober 8, 2021 The EU is collaborating with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit... Read more
FeaturedTechnologyGoogle confirms $1 bn investment in Africa over the next 5 yearsIFM CorrespondentOctober 7, 2021 by IFM CorrespondentOctober 7, 2021 Google will also provide $10 mn in low-interest loans to help small businesses and entrepreneurs in Ghana, Kenya and Nigeria... Read more
FeaturedFintechUntapped Global and Paga partner to make digital payments seamless in NigeriaIFM CorrespondentSeptember 30, 2021 by IFM CorrespondentSeptember 30, 2021 The partnership focuses to empower small businesses to accept digitised payment... Read more
AviationFeaturedSouth African Airways and Kenya Airways to form a pan-African airline groupIFM CorrespondentSeptember 29, 2021 by IFM CorrespondentSeptember 29, 2021 Both parties recently signed a Memorandum of Co-operation... Read more