International Breweries Plc says it is initiating a rights issue to settle a dollar-denominated loan, which has been exerting downward pressure on its earnings. Mr Carlos Coutino, the Managing Director of International Breweries Nigeria, revealed this during the presentation of…
BRITISH Prime Minister Rishi Sunak acknowledged on Thursday that no flights deporting asylum seekers to Rwanda will occur before the general election on July 4. However, he assured voters that the flights will proceed if he is re-elected. ‘If you…
BENIN has blocked crossings of the river marking its border with Niger, escalating tensions since the military seized power in Niamey last July, sources told AFP on Thursday. Earlier this year, Benin announced it was reopening its side of the border, which…
A TRAGIC incident on Mount Everest has claimed the life of Kenyan climber Joshua Cheruiyot Kirui, 40, while his Nepali guide, Nawang Sherpa, 44, remains missing. This development brings the total number of fatalities on the world’s highest peak this…
THE African Development Bank has approved a substantial loan of $240 million to Mauritius. This funding is designated for the implementation of the second phase of the Economic Competitiveness and Resilience Support Programme, aimed at bolstering economic diversification, competitiveness, and resilience…
LATE April, Nigeria’s President Bola Tinubu, Rwanda’s Paul Kagame, and over 35 ministers from across Africa participated in the Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh. The emerging economic relations between Africa and the Gulf…
ON 26 April 2024, Tanzania celebrated 60 years of the union between Tanganyika and Zanzibar. The union, which created the present-day United Republic of Tanzania, stands out among the longest lasting political arrangements of its kind in Africa, and has shaped the…
US President Joe Biden is set to designate Kenya as a major non-NATO ally during the three-day state visit of Kenyan President William Ruto this week. This move, disclosed by a source familiar with the plans, will make Kenya the…
THERE is no doubt that the goal of a company’s Chief Financial Officer is to have clean and accurate audits across the business – a single source of truth with a strong focus on compliance. As a diversified financial services…
THE Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyede has called on students across the country to shun internet fraud and corruption, describing them as evil practices which must be resisted by all means possible.…
