Business

BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa develop experimental multi-CBDC platform for international settlementsProject Dunbar developed two prototypes for a shared platform that could enable international ...

Update on the South African Reserve Bank’s disposal of its 50% shareholding in African Bank Holdings LimitedOn 1 June 2021 the South African Reserve Bank (SARB) announced its process to dispose of its 50% shareholding in African Bank Holdings Limited (...

NAIROBI— The Kenyan government has finalized plans to support communities in 15 counties that were affected by locusts infestation.Turkana County is among the affected counties where the ministry of Agriculture, Pastoral Economy and Fisheries had ident...

NAIROBI— Kenya’s economy is expected to stabilise at 6% in 2022 boosted by a strong performance at 11.9%, 9.9% in the second and third quarters of the 2021 Financial Year and remittances from the Diaspora.This emerged from a consultative forum held on...

CASABLANCA (Morocco)— The vibrant business community in Morocco, being controlled by both public and private sector companies, has been adequately prepared to expand operations around the world, especially in Africa.Many of these companies who are prod...

The first injection to offer long-lasting protection against HIV is being rolled out in South Africa and Brazil, as an alternative to daily medication, according to the UN agency UNITAID. Hosted by the World Health Organization (WHO), UNITAID announced...

Weeks of scarce fuel coupled with a failing national electricity grid are hurting countless small businesses across Nigeria. Some businesses have temporarily shut down, while others reduced hours to cope with the energy shortage.In January, Toochukwu O...

On Wednesday in Abidjan, the African Development Bank Group approved funding of $127.8 million to Niger. The funds approved by the Board of Directors of the African Development Fund, the Group's concessional arm, will be used for a project to open up a...