Jumia emerges first African firm to list shares on NYSE

Posted by - April 16, 2019

Jumia Technologies AG (“Jumia”) the leading Pan-African e-commerce platform, has been listed on the New York Stock Exchange. The listing on the NYSE happened in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. By the listing, Jumia became the first startup from Africa to list on a major global exchange.

Gosego Motsamai becomes KPMG Botswana’s first female partner

Posted by - April 12, 2019

Gosego Motsamai has been appointed as the new managing partner for KPMG Botswana, effective immediately. The appointment makes her the first female partner of KPMG Botswana (Pic supplied: KPMG) Executive chairman of audit firm KPMG Southern Africa, Professor Wiseman Nkuhlu, revealed this recently that Gosego Motsamai has been appointed as the new managing partner for

Crédit Agricole Egypt inaugurates first cashless branch

Posted by - April 12, 2019

Crédit Agricole Egypt celebrated recently the inauguration of the first branch of its innovative cashless branches series titled ‘banki’ as part of its development plan toward digital transformation and keeping abreast with the continuous developments in the banking sector. This branch model is considered the newest and most developed in the bank’s network of branches,

MTN gets 16m new subscriber, launch first feature smartphone

Posted by - March 13, 2019

Telecommunications firm, MTN has unveil the first feature smartphone in Africa, with a target to increase more mobile connections in the country and Africa as a whole. Unveiled in Lagos, MTN said it has been on the project since last year before it materialised in 2019. The South African firm, which operates across its 21

Keystone Bank introduces first ‘Cheque Deposit’ in mobile app in Nigeria

Posted by - February 4, 2019

Keystone Bank Limited, Nigeria’s most innovative banking services provider, has introduced ‘Cheque Deposit’ feature in its mobile banking application, the new ‘Keystone Mobile App’. The feature which is another first from the Bank and in the Nigerian banking sector enables customers to pay cheques into their accounts at their convenience through their mobile phones even

Notore Records N2.9 Billion Operating Profit in First Quarter

Posted by - January 31, 2019

Notore Chemical Industries Plc has announced its unaudited results for the first quarter (Q1) ended December 31, 2018, showing resilience and improved performance. Although revenue fell largely due to plant downtime caused by maintenance programme, operating profit increased significantly. Specifically, Notore posted revenue of N4.32 billion Q1 ended December 2018, which is for 2019 financial

IMF appoints Harvard’s Gopinath as first female Chief Economist

Posted by - October 3, 2018

The IMF appointed Harvard professor Gita Gopinath as its next chief economist, making her the first woman appointed to the prestigious role. Gopinath will replace Maurice Obstfeld, who announced in July that he’ll retire at the end of this year. The appointment comes as the Washington-based fund grapples with issues such as a surge in

China-Africa Trade Hits $116bn in First 7 Months of 2018

Posted by - August 27, 2018

Trade import and export volumes between China and countries from Africa reached 116 billion dollars in the first seven months of 2018, the Chinese Ministry of Commerce (MOC) announced on its website. The figures according to MOC were– up 18.7 per cent year-on-year. China’s exports to Africa were worth 59.36 billion dollars – an increase

Nigerian Govt Realizes N1.17 Trillion Revenues In 2018 First Quarter

Posted by - May 5, 2018

According to Executive Chairman, Babatunde Fowler, who said. The Federal Inland Revenue Service (FIRS) realized about N1.171 trillion between January and March this year. He said the amount was about N393 billion, or 51 per cent more than the N778.1 billion the Service collected in the corresponding period in 2017. The Chairman was speaking during