Lafarge Africa’s Nine-Month Profit Triples to N208bn Ahead of Huaxin Cement Takeover
Lafarge Africa Plc, one of Nigeria’s largest cement producers, has reported a more than threefold increase in earnings for the
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Economics
The Two African Currencies Set to Outperform Others This Year
Ghana and Zambia have emerged as the two African countries with the strongest currencies in the first eight months of
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Cost of Cooking Jollof in Nigeria Drops for First Time in Nearly 8 Years
…falls to N26,256 in September amid easing inflation The average cost of preparing a pot of jollof rice for a
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Nigeria’s Inflation Drops to Three-Year Low of 18.02%
*Food inflation follows suit, easing to pandemic-era levels Nigeria’s headline inflation rate eased for the sixth consecutive month in September
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DHL Plans to Invest Over €300m in Sub-Saharan Africa
DHL Group today announced a €300+ million planned investment in Sub-Saharan Africa, which it described as a region of “growing
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Ghana Poised to Gain Additional $385m IMF Support
An International Monetary Fund (IMF) staff team, led by Mr. Ruben Atoyan, held meetings in Accra from September 29 to October
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UAC Completes Acquisition of CHI, Maker of Chivita, Hollandia
The Federal Competition and Consumer Protection Commission (FCCPC) has approved the sale of Chivita|Hollandia (CHI Limited) by Coca-Cola to UAC
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CBN’s First Rate Cut Since 2020 Hailed as ‘Well-Timed Policy Shift’
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for its decision
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Nigeria Central Bank Lowers Interest Rate for First Time Since Sept 2020
The Monetary Policy Committee of the Central Bank of Nigeria decided on Tuesday to reduce its benchmark interest rate, also
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Kenya Upgraded by S&P on Reduced External Liquidity Risks
S&P Global Ratings has raised its long-term sovereign credit rating on Kenya to ‘B’ from ‘B-‘ and assigned a stable
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