Sub-Saharan Africa

The International Monetary Fund (IMF) has revised downward by 0.2 per cent, Nigeria’s economic growth projection amid weaker than expected activity in the first quarter of the year. This has thus led to a downward revision of economic…

Access Bank Plc (Access) is awaiting the approval of banking regulators to finalise the acquisition of Standard Chartered Bank's businesses in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private, and Business Banking…

Sterling Bank Plc has announced plans with its partners Leadway Assurance, Nestle Nigeria Plc, Microsoft Nigeria, Thrive Agric, GIZ, Stears Data and others for this year's Agricultural Summit Africa (ASA); the largest private sector-led…

Lagos State has flagged off the construction of what will be the largest Food Security Systems and Central Logistics Park in sub-Saharan Africa. Governor Babajide Sanwo-Olu, on Wednesday, performed the sod turning at the site of the…

Airtel Africa Plc says it has secured a $125 million revolving loan facility from Citi to raise debts from its branches in sub-Saharan Africa. A revolving loan facility is a type of credit granted by financial institutions that enables…

Axxela Limited, a leading energy solutions providers in Sub-Saharan Africa, has retained its “A-” corporate credit rating by Agusto & Co., for the second year running. Following a successful corporate rating report, the rating agency…

The Aliko Dangote Foundation (ADF) has commenced feeding one million children across the country to bridge the number of malnourished children which the United Nations Children Fund (UNICEF) put at two million in Nigeria. The UN body…

The Bill and Melinda Gates Foundation said on Thursday it had pledged $250 million in additional funding towards the global campaign to fight the coronavirus pandemic. Part of the funds will be channelled to the distribution of…

Nigeria's premier non-interest bank, Jaiz Bank Plc, has announced an impressive financial performance for the third quarter (Q3) of 2020, recording a massive jump in the bank's profit and earnings per share. Jaiz Bank, in a statement…

The International Monetary Fund (IMF) has stated that Nigeria and other Sub-Saharan African countries are facing significant financing gap of $290 billion between now and 2023. IMF disclosed this in its latest Regional Economic…