News - Biznesnetwork

Qatar Financial Centre and Kigali International Financial Centre Renew Collaboration for Financial Sector Development

October 11, 2023 by Elijah Kimani

The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre (KIFC) have reaffirmed their commitment to collaborative efforts for the development of their respective financial sectors. The renewal of the Memorandum of Understanding (MoU), initially signed in 2021, solidifies the strategic partnership’s objectives, including global promotion of QFC and KIFC, capacity building, skills development, … Read more

Lagos Rail Mass Transit (LRMT) Blue Line to Temporarily Halt Services for Upgrade

October 11, 2023 by Chinelo Ezeobi

In a strategic move aimed at enhancing the efficiency of the Lagos Rail Mass Transit (LRMT) Blue Line, the Lagos State Government has announced a temporary shutdown of train services. This brief interruption is scheduled for Saturday, October 14, and Sunday, October 15, facilitating the transition from locomotive to electricity. Purpose of the Temporary Closure … Read more

Bolt Revs Up Driver Engagement with New Centre in Johannesburg

October 11, 2023 by Chinelo Ezeobi

Bolt, the on-demand mobility platform in Africa, has accelerated its commitment to driver welfare with the launch of a driver engagement centre in Randburg, Johannesburg. This strategic move aims to bolster driver relations, providing a dedicated space for addressing concerns, fostering communication, and elevating overall driver experience. Key Features and Benefits of the Driver Engagement … Read more

Fertilizer Stocks Surge Amidst Geopolitical Concerns Over Israel-Hamas Conflict

October 10, 2023 by Kwesi Adu Amoako

In the wake of Hamas’ unexpected attack on Israel, fertilizer producers experienced a notable uptick, driven by growing apprehensions about the potential impact of the conflict on global supplies of essential nutrients crucial for cultivating vital food crops. Port of Ashdod Emergency Raises Global Potash Supply Concerns The Port of Ashdod in Israel, a significant … Read more

Zimbabwe’s Economy: Government Launches Gold-Backed Digital Token ZiG to Tackle Inflation

October 10, 2023 by Kwesi Adu Amoako

Breaking Ground in Economic Stabilization In a notable development reported by Cointelegraph, the Reserve Bank of Zimbabwe (RBZ) has officially launched the use of its innovative gold-backed digital token, Zimbabwe Gold (ZiG), as a fully-fledged payment method. This strategic move, initiated in April 2023, positions each ZiG token as a tangible representation of a specific … Read more

Ghana’s SEC Unveils Draft Guidelines for Crowdfunding: Fostering Clarity and Investor Protection

October 6, 2023 by Kwesi Adu Amoako

In a move to bring clarity and regulatory oversight to the burgeoning crowdfunding landscape, Ghana’s Securities and Exchange Commission (SEC) has released draft guidelines outlining the legal and regulatory framework for crowdfunding activities in the country. The guidelines, aimed at safeguarding the interests of investors and fundraisers, set out eligibility criteria, operational requirements, and investor … Read more

South Africa’s Mining Dilemma: Profit Plunge and Tax Turmoil

October 5, 2023 by Elijah Kimani

The South African mining sector is grappling with a substantial drop in profits, a predicament that has far-reaching consequences, especially for the nation’s tax collection. The recently released PwC South Africa’s 2023 SA Mine report sheds light on the various challenges faced by mining companies, from declining profits and cash flows to increased input costs … Read more

Frytol by Wilmar Africa Limited Clinches Back-to-Back Product of the Year at CIMG National Awards

October 5, 2023 by Kwesi Adu Amoako

In a spectacular triumph at the 34th Chartered Institute of Marketing Ghana (CIMG) National Awards, agribusiness giant Wilmar Africa Limited emerged as a beacon of excellence, securing the esteemed Product of the Year 2022 award for its flagship product, Frytol. This prestigious recognition was unveiled at the illustrious Labadi Beach Hotel in Accra, marking the … Read more

Transforming Agriculture: Sierra Leone’s Drip Irrigation Revolution

October 5, 2023 by Chinelo Ezeobi

Sierra Leone is on the cusp of witnessing a groundbreaking transformation in its agricultural landscape, thanks to the visionary efforts of the Golley Agricultural Development Sierra Leone Limited. Spearheaded by former Ambassador to South Korea, Omrie Golley, the project aims to introduce Drip Irrigation—an advanced system set to redefine crop production and propel the nation … Read more

Liberia’s Central Bank Sets Deadline for Old Banknotes: March 31, 2024

October 4, 2023 by Kwesi Adu Amoako

Currency Evolution: Out with the Old, In with the New In a significant move, the Central Bank of Liberia has declared that banknotes predating 2021 will lose their status as legal tender after March 31, 2024. This development follows a year-long initiative facilitating the exchange of old currency for the newly introduced family of banknotes. … Read more