Ivory Coast is banking on a new generation of homegrown businesses to drive its economic transformation, with the government positioning “national champion” companies at the heart of its 2030 development strategy. The West African nation, one of the region’s fastest-growing economies, aims to build on more than a decade of sustained economic expansion by supporting...
Category: Business
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CBN Says Standard, Commemorative ₦100 Notes Still Valid
The Central Bank of Nigeria (CBN) has confirmed that both the standard and commemorative ₦100 banknotes remain legal tender and must be accepted for all transactions across the country. The clarification was contained in a statement issued by the CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali. According to the bank, the statement became...
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Safaricom Shareholders To Vote On Vodafone’s Right To Pick CEO
Shareholders of Kenyan telecoms firm Safaricom are due to vote on whether to give Vodafone Kenya the right to nominate the company’s chief executive officer, once Vodafone holds more than 50% of Safaricom’s shares. Vodacom which already owned 39.9% of Safaricom through Vodafone Kenya, agreed in December to buy Kenya’s 15% stake for about $1.6...
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Nigerian Government Rejects Claims Of N8 Tn Off-Budget Spending
The Nigerian government on Sunday rejected claims that more than 8 trillion naira, equivalent to about two percent of gross domestic product, was spent outside approved budgets. The government said the allegations misrepresented observations contained in the International Monetary Fund’s 2026 Article IV consultation report.In a statement, Finance Minister Taiwo Oyedele said the federal government...
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EU Automakers Want UK Included In ‘Made In Europe’ Rules
European automakers on Wednesday called for British vehicles and car parts to fall under the definition of “made in Europe” set out. This is part of the new rules aiming to bolster the bloc’s industries. Britain currently risks being shut out of the scope of plans unveiled by Brussels in March tying companies’ access to...
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Shettima Says F.G’s Reforms Boost Investment, Ease Business Nationwide
Nigerian Vice President Kashim Shettima on Wednesday said the administration of President Bola Ahmed Tinubu had taken difficult but necessary decisions to place Africa’s largest economy on a path of sustainable growth. Speaking at the opening of the 2026 Jigawa State Investment Summit in Dutse, the vice President said the federal government’s structural and fiscal...
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CBN Revokes Licences Of 46 Microfinance Banks Over Regulatory Breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks, citing persistent regulatory breaches and failure to meet the conditions required to continue operating as licensed financial institutions. In a statement issued on Wednesday, the apex bank said the revocation takes effect from July 1, 2026, and was approved by...
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Comcast Plans To Split NBC Universal, Sky Into Separate Company
Comcast said on Monday it would split its NBC Universal and Sky media businesses into a separate company, a move it says will allow both entities to pursue independent growth strategies and enhance long-term shareholder value. The U.S. cable and media giant said its board and management believe the separation would better position each company...
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Binance Pledges To Stay In Europe Despite Licence Setback
Binance on Wednesday reiterated it’s commitment to operating in Europe despite facing regulatory setbacks that have complicated its efforts to secure licences under the European Union’s new crypto framework. The company said it would continue its engagement with regulators across the region after encountering obstacles in obtaining authorisation under the Markets in Crypto-Assets (MiCA) regime,...
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China Hosts Global Leaders As ‘Summer Davos’ Opens In Dalian
Held annually in China, the forum serves as a platform for dialogue on innovation, economic growth, technology, sustainability and international cooperation at a time of increasing uncertainty in the global business environment.