THE Biden administration announced additional sanctions against Russia’s central bank on Monday, a move that effectively prohibits Americans from doing any business with the bank as well as freezes assets within the United States. The new measures will also target…
RUSSIANS are lining up at cash machines around the country to withdraw foreign currency as new sanctions to punish the Kremlin for its invasion of Ukraine sparked fear the ruble could collapse. The rush for foreign currency came despite some…
UNITED Bank for Africa (UBA) has informed their Nigerian customers that the limit on the Naira Card has been reduced to $20/month from $100 This is according to mail sent to customers seen by Nairametrics. This new policy is set…
DE Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the Covid-19 pandemic forced them to be held in cities including Antwerp and Dubai. The Anglo American subsidiary had moved…
PRESIDENT Recep Tayyip Erdogan has said Turkey and Senegal have more than doubled their bilateral trade volume target to $1bn. ‘We will fortify our existing contractual structure with the agreements we will sign during my visit,’ Erdogan on Monday told…
KENYAN President Uhuru Kenyatta has welcomed an announcement by the United Arab Emirates (UAE) to establish an innovation and entrepreneurship centre in Kenya, State House said in a statement on Sunday. The announcement comes in the wake of President Kenyatta’s…
CDC Group, the UK’s development-finance arm, will provide a $100 million credit facility to First Bank of Nigeria Ltd. to help support women-owned businesses and small companies in Africa’s largest economy. The funding will ‘address the challenge of limited access to capital…
TURKEY’S President Recep Tayyip Erdogan has started his mini-tour of Central and West Africa, which is expected to create new opportunities to boost bilateral trade and benefit Turkish businesspeople to expand their investments in the region. On his four day-tour…
DEMOCRATIC Republic of Congo (DRC) is close to a deal with Fleurette Group, controlled by Israeli investor Dan Gertler, that could enable it to recover mining and oil assets worth about $2bn, minutes of a cabinet meeting showed on Saturday.…
THE African Development Fund, the concessional window of the African Development Bank, has approved funding of $12.13 million to finance additional activities under the Bank-sponsored Fish Town-Harper Road Project in Liberia. The funds will come from financial savings made in…
