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Finance

The Invest in African Energy forum will explore financing and development opportunities in Liquefied Petroleum Gas storage and distribution. With significant unmet demand for clean cooking access, the sub-sector represents a critical opportunity for global investors. Last December, Tanzanian Liquefied Petroleum Gas distributor Taifa Gas launched the construction of a $130-million, 30,000-metric-tonne LPG storage facility … Read More “East Africa sets sights on becoming a Liquefied Petroleum gas hub from 2025” »

Finance

Fresh data on inflation and unemployment filings gave Federal Reserve officials more reasons to hold off on cutting interest rates, even as retail sales suggested a slowdown in consumer spending. Prices paid to US producers topped forecasts in February, and fewer people applied for and received jobless benefits than previously thought, according to separate reports … Read More “Fed gets more reasons to delay interest-rate cuts” »

Finance

by Fintechnews Africa 15 March 2024 Flutterwave has announced the appointment of Dipo Fatokun as the new Chairman of Flutterwave Technologies Solutions Limited. He brings a comprehensive regulatory understanding and supervisory experience to solidify Flutterwave’s dedication to upholding the highest regulatory, compliance, and governance standards. Mr Fatokun’s over 30 years of experience covers multiple competencies … Read More “Flutterwave Appoints Former Central Bank of Nigeria Director as Chairman” »

Business

Toyota by CFAO pumps KShs. 30 Million towards this year’s WRC Safari Rally Toyota by CFAO pumps KShs. 30 Million towards this year’s WRC Safari Rally CFAO Motors Kenya, the leading automotive dealers in Kenya has announced a sponsorship of Kshs. 30 million that will go towards the planning of the 4-day 2024 WRC Safari … Read More “Toyota by CFAO pumps KShs. 30 Million towards this year’s WRC Safari Rally” »

Finance

Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here)   Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “French VC firm launches Francophone Africa impact fund” »

Business

A few weeks ago, the Central Bank of Nigeria (CBN) held its first Monetary Policy Committee (MPC) meeting since its new governor resumed office, sparking anticipation after a five-month hiatus. More importantly, this delay heightened anxieties surrounding the meeting, given Nigeria’s pressing economic situation. In a decisive move to combat inflation, the MPC implemented an … Read More “Why this expert believes the CBN’s interest rate hike is a necessary step, but not a silver bullet” »

Business

Ripple XRP has steadied after a rapid incline over the past week. The token is up 11% in the past week and has surged 30% in the past month. Based on its recent climb, analysts predict that XRP may be on its way to $1 by April. Despite the overall cryptocurrency rally cooling down, many … Read More “Ripple XRP Predicted to Reach $1 in April: Here’s Why” »

Business

Mar 13, 2024 (Credit: Eni) Italian oil and gas giant Eni has concluded the sale of its participation interest in several upstream permits in Congo to Perenco, as it shifts focus on its major developments in the country. Eni and Perenco did not disclose any additional details regarding the value of the … Read More “Eni Wraps Up Sale of Non-Core Congo Assets to Perenco” »

Finance

Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates. “The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co chief executive officer said via video link at the Australian … Read More “Jamie Dimon warns US recession ‘not off the table’ yet” »

Finance

by Fintechnews Africa 11 March 2024 Africa is emerging as one of the fastest-growing fintech markets globally. With half of the world’s mobile money accounts and successful fintech solutions like M-Pesa catering to the population’s needs, Africa’s fintech sector is blossoming. The continent is currently home to approximately 1,000 fintech companies, with about half having … Read More “Top 10 Fintech Events in Africa to Attend in Q2 2024” »