One of Nigeria’s largest cocoa producers gets $23.3 million boost from IFC
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a $23.3 million financing deal...
West Africa
Femi Otedola reaches out-of-court settlement with Zenith Bank in fraud row
Nigerian billionaire Femi Otedola and Zenith Bank have reached an out-of-court settlement. Otedola and Zenith Bank have been embroiled...
Dubai firm to construct $4 billion alumina refinery in Guinea
UAE’s Emirates Global Aluminium (EGA) through its subsidiary Guinea Alumina Company (GAC) has signed an agreement with the Republic...
Dangote eyes steel industry, pays $2.4 billion of loan borrowed to build oil refinery
Nigerian billionaire Aliko Dangote has disclosed that he has already paid about $2.4 billion of a $5.5 billion loan...
Australia’s energy giant Woodside begins offshore oil production in Senegal
Senegal has officially joined the ranks of oil-producing countries following the announcement of the first oil from the Sangomar...
Nigeria’s Fidelity Bank secures $40 million from Afreximbank for Union Bank UK takeover
The African Export-Import Bank (Afreximbank) has given a $40 million Intra-African Investment facility to Fidelity Bank Nigeria Plc to...
Russia to set up floating nuclear power plants in Guinea
Russia and the Republic of Guinea have signed a memorandum of understanding at the St. Petersburg International Economic Forum...
Diageo joins multinationals exiting the Nigerian market
Diageo, the global spirits giant, is selling its majority stake in its subsidiary, Guinness Nigeria, as it becomes the...
Elsie Addo Awadzi: Weaving Law and Banking to Transform Ghana’s Fiscal Landscape
The news of Mrs. Elsie Addo Awadzi becoming the 2nd deputy governor of the Bank of Ghana in February...
Questions arise as Nigerian billionaire Femi Otedola accuses Zenith Bank of fraud
Nigerian billionaire Femi Otedola has accused Zenith Bank, the country’s biggest commercial bank, of engaging in fraudulent activities involving...