economy

Jul
18
2023
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By Ahmed Ture
According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

Africa, Economy, Technology, World News, , , , ,
Even if state-level cooperation and private investment in the most lucrative sectors of Zimbabwean production are growing between Zimbabwe and Russia, some Russian businesses are exiting the market and selling their holdings there. For instance, numerous businesses recently sold for $90 million. These diamond mining firms are permitted to operate in Bulawayo. Several reports claim that the sale was completed quickly; the reasons behind this have not yet been made public. The amount paid by the buyer, who has not yet been named, was decreased due to the urgency with which the sale needed to be completed. The issue of…
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Jul
17
2023
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By Ahmed Ture
At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

Breaking, Africa, Economy, Politics, , , ,
At the fifth Mid-Year coordination conference of the African Union, which took place on Sunday, July 16, African leaders gathered in Gigiri, Nairobi County. Among other things, the summit sought to resolve important problems with African integration and labor distribution. The President of Kenya presided over the meeting. William Ruto demanded that the AU be reformed with an emphasis on the organization's financial independence. The leader declared, "The pan-African movement has always been about sovereignty and agency. "First and foremost, chronic reliance, even on well-intentioned partners, is at odds with the desire for autonomy, self-determination, and agency. And because of…
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Jul
15
2023
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By Ahmed Ture
The launch of GTBank’s new app is met with complaints from users due to technical issues

The launch of GTBank’s new app is met with complaints from users due to technical issues

Breaking, Nigeria, Technology, ,
After receiving several complaints about its previous app, Guaranty Trust Bank (GTBank), one of Nigeria's largest banks, released a new one for its users. However, the software has received negative reviews from users. Guaranty Trust Bank (GTBank), the fifth-largest bank in terms of assets in Nigeria, unveiled a new banking mobile app on Wednesday. The app's new promise to users was a better user interface. The bank informed users that it would stop supporting the previous iteration of GTWorld by August 12 in conjunction with the release of the new app. A number of GTBank clients alerted TVAfrica that the…
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Jul
03
2023
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By Ahmed Ture
Wema Bank PLC Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes

Wema Bank PLC Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes

Breaking, Economy, Nigeria, Sponsored,
Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa's first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers across Nigeria for their unwavering loyalty to the bank. Commencing July 1st, 2023, Season 3 of the 5 for 5 promo will distribute a total of N90,000,000 in cash prizes to Wema Bank customers throughout different regions of Nigeria over a span of 10 months. Each month, customers will be…
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