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Nigeria’s treasury chief arrested over multi-million-dollar fraud

The head of Nigeria's treasury has been arrested for alleged involvement in fraud and money laundering worth 80 billion naira ($193 million), the national anti-graft...

Zimbabwe’s central bank lifts order suspending lending by banks

The Reserve Bank of Zimbabwe (RBZ) has lifted an order temporarily suspending lending by local banks with immediate effect. The RBZ, however, clarified that the...

South African Reserve Bank places Ubank under curatorship

South African Reserve Bank on Monday announced that it was placing Ubank under curatorship with immediate effect due to corporate governance issues, failure to...

Rwanda aims to have operational cooking gas plant within one year

Rwanda could have an operational cooking gas plant within a year, according to the country’s Environment Minister Jeanne d’Arc Mujawamariya. Speaking at a press briefing...

Nigeria’s markets regulator publishes rules on crypto assets

Nigeria's market regulators published a set of regulations for digital assets, signalling the country is trying to find a middle ground between an outright...

OPEC misses April output target

Underproduction in Nigeria’s oil and gas sector and force majeure in Libya led to a lower than expected output target of the Organisation of...

Elon Musk considers ‘slight’ Twitter fee for commercial users

Twitter's soon-to-be owner, Elon Musk is now considering charging a ''slight'' fee for commercial and government users. In a tweet Tuesday, Musk said this is...

European Union plans to court Africa to help replace gas imports

The European Union (EU) is stepping up efforts to wean itself from Russian natural gas by increasing imports of natural gas from African countries. According...

OPEC oil output in April barely rises as African outages weigh-survey

The increase in OPEC's oil output in April undershot the rise planned under a deal with allies, a Reuters survey found, as declines in...

South African Airways welcomes in new CEO on May 1

The interim CEO of South Africa’s national air carrier is set to leave the company on Saturday. Thomas Kgokolo was appointed in April 2021 when...