The First Bank Nigeria Limited has introduced a chat banking on Whatsapp that enables customers to carry out key banking transactions for 24 hours every day. The bank said the new banking channel would enable customers to open new accounts, receive instant transaction notifications, check their balances on the go,...
The International Business Machines Corporation is to spend 25 million dollars (about N9 billion) in Nigeria and some other African countries for youth empowerment in the next few years. Director, IBM Venture Capital Group, Ms Deborah Magid, stated this at the 21st Century Women and Youth in Innovation Technology themed...
The sum of N60bn has been approved by the Federal Government as a subsidy for rice production in the country, the Minister of Agriculture, Chief Audu Ogbeh, said on Friday. He spoke with State House correspondents after the National Food Security Council ended its meeting at the Presidential Villa. President Muhammadu...
Ecobank Zambia Managing Director Kola Adeleke says the Bank takes its responsibility of assisting the community seriously Mr Adeleke said the bank is focused on undertaking social work as part of its corporate social responsibility towards the communities in which it is present. He was speaking on Saturday morning when he...
The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). The proposal represents the Bank's third investment with this fund manager,...
Egypt’s Minister of Planning, Monitoring and Administrative Reformation Hala al-Saed announced Friday that the economic growth rate increased to 5.3 percent in the first quarter of the current fiscal year 2018/2019, compared with 5.2 percent last year. In her statement, al-Saed noted the success of the measures and plans put...
Papua New Guinea is hosting the Asia-Pacific Economic Cooperation (APEC) Leaders Summit Saturday and Sunday. Papua New Guinea assumed the APEC presidency late last year under the slogan 'Seizing Inclusive Opportunities, Embracing the Digital Future'. The thematic agenda for this period focused on improving connectivity and regional economic integration by advancing...
Africa's leaders applauded Ethiopia's Prime Minister Abiy Ahmed for making substantial reforms in his country as they met to consider improvements to the continent-wide body at the start of a summit Saturday. Abiy, 42, outlined the reforms that he has made since coming to power in April, including releasing thousands...
Business people from China and Mozambique met Friday in Maputo to intensify trade cooperation between the two countries, particularly in engineering, construction and agriculture. The Chinese delegation of entrepreneurs, headed by the deputy governor of Anhui Province Zhou Xi'an, came to Maputo under the Forum on China-Africa Cooperation (FOCAC) mechanism...
German luxury fashion house Hugo Boss has opened its first store within East Africa stocking a range of men’s clothing, footwear and complementary accessories. Estimated to cost 1.5 million Euros the store is located at Westgate Mall, Nairobi, a storied building that is globally remembered as having been the epic centre...