According to the nation’s energy minister, Kenya is building 136 solar-powered mini-grids in remote locations that are inadequately supplied by the national electricity grid. In
Category: Africa
MTN appoints Nokia to expand the 5G Network in South Africa.
While MTN South Africa continues to roll out next-generation wireless services throughout the nation, Nokia said on Monday that it had been chosen for the
South Africa and Nigeria face special scrutiny for supporting financial crimes. – Global Watchdog.
The Financial Action Task Force (FATF), a global organization that monitors financial crime, announced on Friday that it has added South Africa and Nigeria to
New French fund commits $100m to the development of solar energy in Africa.
French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday that a new investment fund with 87.5 million euros ($92.63 million) will
Heavily indebted African countries charged extortionate interest rates. – U.N. Sec-Gen.
Having to pay “extortionate” interest rates, heavily indebted African nations are getting a raw deal from the global financial system, according to U.N. Secretary-General Antonio
Nigerian Banks with exposure of over $10b in trade finance are on the brink. – Moody’s.
Local Nigerian businesses may confront foreign cash shortages that could endanger bank liquidity and undermine bank capital, according to a note published on Thursday by
US Congress members accuse Nigeria of violating international laws and demand that the $1b arms sale be scrapped.
Following Reuters reporting on an illegal abortion program and the targeted killing of children by the Nigerian military, two members of the US House of
Nigeria’s new Naira creates a cash shortage and shuts down critical sectors of the economy.
According to experts and business associations, Nigeria’s efforts to replace its paper money with newly produced currency notes have resulted in a cash scarcity that
Nigeria’s public finances will continue to deteriorate. – Moody’s
After Moody’s downgraded Nigeria late on Friday from B3 to Caa1, warning that the government’s fiscal and debt position was expected to worsen, Nigeria’s government
Food crisis in Africa: Development partners pledge $30b over 5 years.
In his concluding remarks at a summit on food security on Friday, Akinwumi Adesina, President of the African Development Bank, announced that development partners have
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