Business

Djibouti Set to Host First National AI Forum as Africa Pushes Digital Transformation 0

Business, Economy
05:22 PM, Aug 27

Djibouti is preparing to host its first national forum dedicated to artificial intelligence, reflecting the growing interest in AI and digital technology across Africa. The forum is expected to bring together stakeholders to discuss the opportunities and challenges surrounding artificial intelligence and its potential contribution to national development. For African countries, AI is increasingly being […]

Nigeria Unveils Fresh Oil Tax Incentives as Government Targets New Investment 0

Business, Economy
05:03 PM, Aug 27

Nigeria is stepping up efforts to attract fresh investment into its oil industry through new tax incentives aimed at making deep offshore projects more attractive to investors. The move comes as the government seeks to revive major oil developments that have faced delays and encourage international companies to commit more capital to Nigeria’s petroleum sector. […]

IMF Says Nigeria’s Economic Reforms Are Showing Results but Hardship Remains 0

Breaking, Business, Economy
04:35 AM, Aug 27

Nigeria’s economic reforms have helped improve some major economic indicators, but millions of Nigerians continue to face difficult living conditions. The International Monetary Fund has acknowledged progress from reforms introduced over the past three years, including changes to fuel subsidies and the foreign-exchange system. However, the IMF has also warned that the benefits of economic […]

Ghana’s Cedi Faces Fresh Pressure as Demand for US Dollars Rises 0

Breaking, Business, Economy
06:06 AM, Aug 25

Ghana’s cedi is facing fresh pressure as demand for US dollars rises in the country’s foreign exchange market. Recent market data showed the cedi weakening against the dollar as demand from companies and offshore investors increased. The development comes as Ghana continues to manage its economic recovery and strengthen foreign exchange reserves. The country’s gold […]

Dangote Refinery IPO: $1 Billion Underwriting Programme Strengthens Nigeria’s Biggest Listing Plan 0

Breaking, Business
06:13 AM, Aug 24

LAGOS — Plans to take the Dangote Petroleum Refinery to the Nigerian capital market have taken another major step forward. The refinery has completed a $1 billion underwriting programme as preparations continue for its proposed Initial Public Offering. The planned listing could become one of the most significant transactions in Nigeria’s capital market and could […]

Africa Re Reports $664.8 Million Revenue as African Insurance Market Shows Strong Growth 0

Breaking, Business
06:12 AM, Aug 24

LAGOS — The African Reinsurance Corporation, popularly known as Africa Re, has reported strong financial performance for the first half of 2026. The company recorded insurance service revenue of $664.8 million, representing an 8.5 per cent increase compared with the same period last year. Africa Re also reported a net profit of $96.7 million for […]

Dangote Refinery Secures $1 Billion Underwriting Ahead of Planned $5 Billion IPO 0

Business, Economy
03:39 AM, Aug 22

LAGOS, Nigeria — The Dangote Refinery is moving closer to what could become one of Africa’s biggest stock market listings. The refinery has secured a $1 billion underwriting programme ahead of its planned public offering, according to Reuters. The planned listing could raise about $5 billion and would give investors an opportunity to take part […]

Ghana’s Cedi Under Pressure as African Currencies Take Different Paths 0

Business, Economy
10:33 AM, Aug 21

Accra, Ghana — Ghana’s cedi is facing renewed pressure against the US dollar as demand for foreign currency rises. The cedi weakened from about 10.90 to 11.00 per dollar in one week, according to market data. The pressure is being linked to strong demand for dollars from companies and offshore investors, while available supply has […]

Access Holdings’ ₦351bn Capital Raise: What It Means for Nigeria’s Banking Sector 0

Business, Economy
06:13 AM, Aug 20

Nigeria’s banking sector continues to focus heavily on capital strength as banks position themselves for a more competitive financial market. One of the major recent capital-raising exercises was the ₦351 billion rights issue by Access Holdings. The transaction involved the issuance of more than 17.7 billion ordinary shares and was designed to strengthen the group’s […]

Zimbabwe Prepares to Host 25th COMESA Summit as Africa Pushes Regional Trade 0

Business, Economy
06:08 AM, Aug 20

Zimbabwe is preparing to host the 25th COMESA Heads of State and Government Summit in Harare later this year. The summit is expected to bring together leaders from member states to discuss trade, investment, industrialisation and regional economic integration. Zimbabwe’s government has approved plans for the summit, which is scheduled for October 22, 2026. A […]

Telling the true African Story

Latest Posts

Most Commented

About monAfrika

Get In Touch With Us

Latest Posts

Reach us

reporter@monafrika.net

info@monafrika.net

+234 9012 2032 098