07-Apr-2020 to 19:11

Mobile money: The new route to financial inclusion in low-income countries (repo...

APA-Yaoundé (Cameroon) — Mobile money, with 290 live services in 95 countries and 372 million active accounts, has entered the mainstream and is becoming the path to financial inclusion in most low-income countries, according to an annual report on the state of the industry published by the GSMA firm.

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06-Apr-2020 to 23:06

AfDB’s Nigerian boss denies favoring compatriots

APA - Abidjan (Cote d'Ivoire) — The head of the African Development Bank, Adesina Akinwumi who is Nigeria rejects claims that he was favouring his compatriots over others working in the financial institution.

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06-Apr-2020 to 15:44

Nigeria turns to IMF, AfDB for $3.5bn to support 2020 budget

APA-Abuja (Nigeria) — Nigeria has applied for $3.5 billion concessional fund from the International Monetary Fund (IMF) and the African Development Bank (AfDB) to support the implementation of the 2020 budget.

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03-Apr-2020 to 18:42

Nigerian bourse trades 1.534bn shares worth over $29m

APA – Lagos (Nigeria) — A total turnover of 1.534 billion shares worth N11.267 billion (about $2.806 million) were traded in 18,928 deals this week by investors on the floor of the Nigerian Stock Exchange (NSE).

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03-Apr-2020 to 13:19

S/Africa’s Eskom enjoys power surplus amid COVID-19

APA-Johannesburg (South Africa) — South Africa’s power utility Eskom is enjoying rare generation surplus but its chief executive warned Friday that it will take a long time for the parastatal to get rid of its heavily entrenched decade-long legacy of state capture (corruption).

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02-Apr-2020 to 17:38

eSwatini to lose $420m due to Coronavirus

APA-Mbabane (eSwatini) — eSwatini will suffer an economic setback valued at US$420 million due to the persistent COVID-19 pandemic caused by Coronavirus.

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01-Apr-2020 to 14:03

S/Africa cuts fuel prices amid oil market glut

APA-Johannesburg (South Africa) — South Africa on Wednesday cut fuel prices due to an oil glut on the world market following low demands for the commodity amid the current coronavirus pandemic, APA has learnt.

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