UBA Kenya breaks even as it seeks capital boost
UBA Kenya Bank is seeking a capital injection from its parent company in order to meet regulatory requirements as the lender posted a smaller loss of Sh306,000 due to lower costs. Kenyan banks are expected to raise their minimum capital…
Gov. Uzodinma Raises Minimum Wage To 104,000, Doctor’s Salary Now N533,000
Imo State Governor, Senator Hope Uzodimma, has announced a significant increase in the minimum wage for workers in the state civil service, raising it to N104,000. The governor made this declaration during a meeting with members of the state labour…
Tanzania loses 1.7tri/- to illicit trade yearly
Tanzania loses 1.7tri/- to illicit trade yearly Minister for Industry and Trade, Dr Selemani Jafo. DAR ES SALAAM: COUNTERFEIT goods are increasingly undermining Tanzania’s economy, with estimates indicating that the government loses over 1.7tri/- annually in uncollected excise duty from…
PSG announce signing of Super Falcons forward Ajibade
French giants Paris Saint-Germain (PSG) have confirmed the signing of Super Falcons forward Rasheedat Ajibade. The Women’s Africa Cup of Nations (WAFCON)-winning captain joins on a two-year deal after leaving Spanish side Atlético de Madrid at the end of last…
Ramaphosa’s message to South Africans regarding the US tariffs
President Cyril Ramaphosa has warned that the United States’ decision to impose steep new tariffs on South African exports will deliver a blow to some key industries, but insists that the country will not be left without options. …
Japan takes on China with cheaper loans plan for Africa
Japan is intensifying its economic engagement with Africa by offering low-cost loans, presenting an alternative to China’s high-interest lending practices. At the Ninth Tokyo International Conference on African Development (TICAD 9), Japan pledged 5.5 billion in loans, coordinated with the…
Zimbabwe brings back maize import ban after bumper harvest
Zimbabwe has brought back a ban on maize imports to boost local farmers, and has grown enough of its own this year to supply its millers after a bumper harvest, a senior agriculture ministry official said on Monday. Improved rainfall…
BREAKING: US Court Jails Osun Monarch
A United States District Court has sentenced the Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, to four years and eight months in prison for his involvement in a $4.2 million COVID-19 relief fraud. The US Department of Justice…
Cleaner returns N4.8m mistakenly paid into her bank account in Maiduguri
Faiza revealed that she spent three days completing the bank process before she finally sent back the money to the owner. “I was restless throughout these three days. In fact, I couldn’t eat well throughout the process, until the day…
Uganda Named as Destination in Ongoing Deportation Case
A look at Uganda, the east African nation where the US is set to deport Abrego GarciaUganda is one of at least four African nations that have agreed to receive immigrants deported from the United States. The U.S. deported five…