The inflation figures were closely watched following a run of softer economic data...
Developers whose properties have asbestos roofs will have to shoulder the cost of replacing them following a directive from State House....
KCB Bank Kenya will provide debt financing to International Housing Solutions (IHS) to support the construction of affordable housing units and end-user financing for home buyers....
KCB Group shareholders are set to reap a Sh9.6 billion windfall after Kenya's largest bank by assets reported a 64.9 per cent surge in net profit in 2024....
Afreximbank, Africa's trade development bank, has ratified a series of initiatives designed to support Kenya's industrialisation and export-led development agenda....
HYDERABAD, INDIA – Holi with 1win is all about bright colors, happiness, and love! Holi, a celebration of spring’s arrival and the triumph of good over evil, unites people, encouraging the...
Malaysia’s small businesses lead the region in innovation Younger entrepreneurs dominate small business landscape AI investment on the rise High demand for funding signals continued expansion KUALA LU...
Combining Backbase’s Engagement Banking Platform with Synpulse’s regional expertise to deliver customer-centric solutions SINGAPORE – Media OutReach Newswire – 13 March 2025 &#...
Property developers say it is easier for manufacturers to do business in satellite towns than in Nairobi's metropolitan area owing to favourable cost and availability of land....
Nanyuki is fast becoming a hotspot for real estate investments with property developers and agents flocking to the town to capitalise on its booming market....
Fuel prices are set to rise by as much as Sh7.80 per litre in the coming months as Epra implements recommendations for a new petroleum pricing regime....
The Retirements Benefits Authority (RBA) will now slap pension fund managers and administrators with a Sh100,000 for late submission of their audited financials statements....
Kenya Union of Savings and Credit Cooperatives (Kuscco) board pocketed Sh18 million in allowances for site visits during the construction of the Sh1.5 billion Kuscco Homes Project....
A VAT increase would provide government with an urgent revenue boost....
The African Christian Democratic Party (ACDP) says it rejects the VAT increase...
The Minister said a one-percentage point VAT increase has been envisaged over the next two years....
South African pop artist Demi Lee Moore has been announced as Spotify EQUAL Africa’s Artist for March 2025, highlighting her powerful voice and significant contribution to the Afrikaans music sc...
By Aduragbemi Omiyale Top financial technology (fintech) companies in Nigeria, PalmPay and Carbon, have commenced the issuance of Verve cards to their customers. This allows millions of Carbon and Pal...
Government has set aside R11 billion to incentivise workers over 55...
By Modupe Gbadeyanka The Lagos State government has promised to put in place stronger safety measures after a gas tanker explosion on Otedola Bridge on Tuesday night. The incident reportedly claimed...
Kenya and the UK are equipping officials with policy tools aimed at improving regulatory environment to attract investment and growth. UK businesses have cit...
By Adedapo Adesanya South African billionaire, Mr Patrice Motsepe, has been re-elected unopposed as the President of Confederation of African Football (CAF). The 63-year-old businessman, who has been...
Finance Minister Enoch Godongwana says government spending is expected to reach R2.4 trillion....
The National Treasury expects the country's economy to grow by 1.9% in 2025....
By Aduragbemi Omiyale The number of interns for the 2025 edition of the Women in Tech initiative of Moniepoint Incorporated has been increased to 15 from 10 in the spirit of the theme of this year’s I...
By Modupe Gbadeyanka As part of its growth strategy, a world-class digital mobile games company, PG Soft, has sponsored the SiGMA Africa event which commenced on Tuesday in Cape Town, South Africa. Th...
The Libyan Italian Development and Construction Forum will be held in eastern Libya in 2025. The announcement was made last Monday (10 March) by Belgassem Khalifa Haftar, in his role as the Directo...
Godongwana says a budget primary surplus of 0.5 percent of GDP will be achieved in 2024/25....
Minister of Finance Enoch Godongwana says debt-service costs will amount to R389.6 billion....
By Adedapo Adesanya The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is proposing a mechanism to encourage price stability for at least six months. In its latest correspon...
By Shaheen Price South Africa continues to grapple with a crippling unemployment crisis resulting in the highest income inequality in the world, evidenced by a 2023 Gini coefficient of 0.63. Unlike co...
By Adedapo Adesanya The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reaffirmed the country’s commitment to global economic stability, sustainable development, and f...
KCB Bank will provide debt financing to International Housing Solutions (IHS) to support the construction of affordable housing units and end-user financing for home buyers....
Godongwana further emphasised the need to ensure that government must be able to fund investments....
Finance Minister Enoch Godongwana is expected to deliver the budget speech after it was postponed...
Various organisations are protesting outside Parliament ahead of the Budget Speech this afternoon....
Libya’s state National Oil Corporation (NOC) reported today that Mabruk Oil Operations Company resumed production in the Mabruk oil field after a ten-year hiatus (2015). It reported that productio...
Agriculture Cabinet Secretary Mutahi Kagwe has defended the government's decision to ban the export of raw macadamia....
Libya and Iraq discussed the possibility of signing bilateral agreements aimed at developing and improving the quality of health services. The news came out of a meeting held yesterday between t...
The Libyan Business Council (LBC) is to lead a trade delegation to Brazil’s Sao Paolo Food Expo (Apas Show) from 12 to 15 May. The LBC said this mission comes in implementation of its plan to open...
![EFCC Names 58 Ponzi Schemes Nigerians Should Avoid [Full List]](https://businesspost.ng/wp-content/uploads/2022/02/Ponzi-Schemes.jpg)
By Aduragbemi Omiyale The Economic and Financial Crimes Commission (EFCC) has expressed concerns over the rising rate of Ponzi schemes in Nigeria amid genuine desire by citizens to seeks streams of in...
GIZ reported yesterday that it had, between 1 to 3 February, implemented training for 17 engineers from the General Electricity Company of Libya (GECOL) and the Renewable Energy Authority of Libya...
PMBEJD says it would rather see a further increase of the social relief grants and old age grants...
Online criminals, hackers, and even bored mischief-makers lurk in the shadows, waiting to rob you, commit fraud, steal your identity, or embarrass you....
By Modupe Gbadeyanka The Governor of Anambra State, Mr Charles Soludo, has explained that the recent law, which banned noise pollution in the state, was not put in place to frustrate evangelism. In a...
By Adedapo Adesanya There was a 0.14 per cent decline at NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, March 11, triggered by Central Securities Clearing System (CSCS) Plc and AG Mortgag...
Over the years, platforms like Facebook, Instagram, WhatsApp, X (formerly Twitter), and now TikTok have transformed the digital landscape, bringing together individuals from diverse backgrounds....
The dream to turn waste into new 'gold' has remained unrealised, leaving the country grappling with huge waste, environmental pollution and increased health hazards....
By Adedapo Adesanya The Naira showed no signs of stemming its downward slide against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, March 11. At the trading sessi...
Global leaders, government officials, policymakers, top investors, business executives set to meet in Abu Dhabi April 7 to 9 for AIM Congress 2025. Key forum...
Nasdaq-listed Karooooo Ltd., which provides vehicle-tracking and fleet-management services, will provide for an impairment of goodwill in its Mozambique operations due to the political upheaval grippi...
An overview of the biggest business developments in SA and beyond....
Geopolitical tensions may be on the rise globally amid the constant threat of trade wars, but UK grocery landlord Supermarket Income REIT is confident the defensive nature of its portfolio will help i...
Transport unions Satawu and UNTU have rejected Transnet's latest offer of an above-inflation wage increase for the next three financial years....
A small increase in VAT is likely to be part of Wednesday's budget, which the DA is expected to oppose. However, no increase to VAT can take place without passing legislation through Parliament...
Absa’s interim CEO Charles Russon says SA should do everything possible to de-escalate the diplomatic standoff with US President Donald Trump's administration, though he acknowledges that won't be eas...
A consortium looking to take control of industrial and consumer group Barloworld may need to keep SA's exclusive caterpillar dealer listed for now, but there are good reasons to keep on its management...
Eskom chief financial officer Calib Cassim said that dealing with municipal debt nearing R100 billion will require a combination of solutions, including rolling out smart electricity meters....
SA can, in fact, sustainably cut borrowings and increase expenditure if it uses SARS proposals to raise an additional R800 billion in revenue. This would also lower bond yields substantially, and so t...
Speculation is rife that Finance Minister might increase the VAT by 0.75%....
By Adedapo Adesanya Dangote refinery is buying feedstock from across the world to add to its domestic deliveries as it looks to meet its full capacity target by end of the month. According to a Bloomb...
By Dipo Olowookere Profit-taking by investors pulled down Customs Street by 0.43 per cent on Tuesday, erasing the gains recorded a day earlier amid weak investor sentiment. Data from the Nigerian Exch...
By Adedapo Adesanya The oil market edged slightly higher on Tuesday, helped by weakness in the Dollar as concerns over a slowdown in the United States and the impact of tariffs on global economic grow...
For those looking for a secure, reliable, and exciting online betting experience, Easybet in South Africa is the perfect choice. Offering an extensive range of sports betting markets, thrilling casino...
Treasury had hoped to raise nearly R60 billion in additional revenue for the 2025/26 financial year...
The energy minister said Canada was not interested in being a competitor to the US....
We live in a generation where much of our lives reside online. In the digital world, we do our banking, music purchases, bill paying, social planning, and even parts of our job....
The aroma of Kenyan coffee is set to take centre stage at the Arabika Coffee Day 2025 to be held in Nairobi this week....
HONG KONG SAR – Media OutReach Newswire – 11 March 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) today announced the strategic development of InnoCentre in Kowloo...
TAIPEI, TAIWAN – Jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com), AAMPA has been a key sourcing platform since its inception in 2022, consistently delivering exceptional result...
HONG KONG SAR – Media OutReach Newswire – 12 March 2025 – Since its establishment in 1963, The Chinese University of Hong Kong’s Faculty of Science (CUHK Science) has emerged as a gl...
This means Kenya's guaranteed debt rose to Sh11.02 trillion as of January this year. It now represents 65.7% of GDP, well above the targeted threshold of 55 per cent of GDP by 2028....
The government's aggressive strategy to net micro, small and medium enterprises (MSMEs) into the tax bracket has been criticised, with some experts pointing out huge gaps in the plan....
Kenya's creative sector is growing rapidly, contributing approximately five per cent to the national Gross Domestic Product (GDP)....
By Dipo Olowookere A heavy-duty vehicle believed to be conveying gas has exploded around the popular Otedola Bridge, Lagos. The unfortunate incident occurred on Tuesday night, at about 8:05 pm. Report...
Following the tremendous success of its inaugural edition, Soto Gallery, in partnership with Ecobank Nigeria Limited, Africa Finance Corporation (AFC), and the main sponsor, Craneburg Construction Com...
By Adedapo Adesanya The United Kingdom and Nigeria have officially launched the Creative Industries Technical Working Group to deepen bilateral ties and create a robust framework for growth within the...
Trump met with technology company executives at the White House on Monday....
By Modupe Gbadeyanka A leading player in the digital financial services sector, Moniepoint Incorporated, has been described by the federal government as a testament to the strength of Nigeria’s financ...
By Adedapo Adesanya The Nigerian Army says it has intensified its crackdown on oil theft in the Niger Delta, engaging suspected criminals in a fierce gun battle and deactivating 31 illegal refining si...
Football fans will be treated to explosive matches, as the clubs seek tickets to the quarter-finals of the UEFA Champions League via the conclusion of the Round of 16 matches. On Tuesday, Premier Leag...
By Adedapo Adesanya MTN, FiberOne, Wema Bank, Opay, Slot emerged best in their respective sub-sectors in 2024, according to a survey ranking on the Nigeria Customer Service Index (NCSI) The NCSI repor...
By Adedapo Adesanya The Rural Electrification Agency (REA) said it has received approval to establish a renewable asset management company in Nigeria as it seeks to drive the alternative energy source...
By Modupe Gbadeyanka To help Nigerians secure their financial futures and build lasting legacies, Stanbic IBTC Bank has reintroduced its private banking offerings. With a focus on personalised financi...
By Aduragbemi Omiyale The chief executive of Tiyasilk Integrated Farms, Mr Hakeem Adeniji, has backed the construction of a central logistic hub by Origin Tech Group for the storage of dry and cold fo...
The President of the General Libyan Union of Chambers of Commerce, Mohamed Al-Raied, met the Ambassador of Malta, Charles Saliba, at the Union’s Tripoli headquarters yesterday. The meeting was a p...
Kendal Power Station was one of the best performing power stations....
The Tripoli based Libyan Minister of Labor and Rehabilitation, Ali Al-Abed, discussed the establishment of a Libyan Chinese training centre in Benghazi as well as a draft MoU with China. The discu...
Limpopo communities seek budget funds for clean water infrastructure....
Controller of Budget Margaret Nyakang’o said the public debt stock increased by 3% from KSh10.58 trillion as of June 2024, to KSh10.93 trillion as of December 2024.</li...
As more countries choose gold over dollar for national reserve, Tanzania is requiring all miners to remit 20% of their gold output. This is part of Tanzania&...
Forcing e-payment service providers to provide services at low fees can have many consequences, whether intentional or unintentional, the Chairman of the private sector ATIB (Assaray Trade and Inve...
Direct flights between Benghazi and Rome and Milan are scheduled to be launched in early June. The announcement was made yesterday following a meeting in Benghazi between Belgassim Khalifa Haftar,...
Running a business in Nigeria isn’t just about providing quality products or services; it’s also about making sure you get paid on time. Too often, business owners find themselves chasing payments, se...
The Media Department of the Libyan Business Council (LBC) reports that the Omani Libyan Business Forum, previously planned for 12 to 13 February, will now be held from 22-23 April. The Forum will b...
Nissan said the leadership change was meant to "achieve the company's short- and mid-term objectives while positioning it for long-term growth" but did not elaborate....
The Faidi Dada Motor Cover enhances existing services for over 6,000 women by providing comprehensive protection for both personal and commercial vehicles....
Controller of budget said the public debt stock increased by three per cent from Sh10.58 trillion as of June 2024, to Sh10.93 trillion as of December 2024....
By Aduragbemi Omiyale The Lagos State Traffic Management Authority (LASTMA) has intensified its Lagos State School Traffic Safety Advocacy Programme (LSTSAP) under the visionary initiative tagged Oper...
By Modupe Gbadeyanka Thirty-one suspected illegal miners in Jos, Plateau State, have been apprehended by operatives of the Economic and Financial Crimes Commission (EFCC). The suspects, comprising fou...