Finance

Nigeria eases lockdown, asks deposit banks to resume on 4 May

Nigeria bank 4 MayNigerian Banks were given the green light to open from 4 May as the lockdown in Lagos and Ogun States and Abuja, imposed on 30 March to reduce the spread of COVID-19, is gradually eased

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Rural electrification can unlock US$4bn for Ethiopian economy

Ethiopia ATR 27 AprilRural electricity is set to unlock the potential of Ethiopia's economy, according to a report by Rocky Mountain Institute

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Nigeria's inflation inches up in March 2020

bola inflationNigeria’s inflation rate rose to 12.26 per cent in March 2020 from 12.20 per cent in February and 12.3 per cent and January 2020, maintaining a consistent rise for eight months

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Chinese investment in Africa to boost power sector

Image source Africa Oil Power Conference

South Africa-China Economic and Trade Association (SACETA) has entered into a partnership with Africa Oil & Power (AOP), Africa’s one of the leading energy event organiser, to introduce Chinese corporations in Africa

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Cloud-computing to reduce banking costs in Africa

Cloud computing ATR and CAFMore than 700mn Africans lack access to a bank or mobile money account and only 41 per cent of Africans are financially included, according to the report Cloud Banking in Africa: The Regulatory Opportunity by Genesis Analytics and Orange Business Services

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