Ethiopia’s biggest bank says …
28 March 2024: Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts. Abe Sano, president of the Commercial Bank of Ethiopia, told reporters Tuesday that around […]
Central bank of Nigeria raises interest
27 March 2024: Nigeria’s central bank implemented a significant increase in its monetary policy rate, raising it by 200 basis points to 24.75% from the previous 22.75%, according to Governor Olayemi Cardoso on Tuesday. This decision marks a continuation of the bank’s efforts to combat surging inflation. Last month, the bank executed its most substantial […]
FIFA Series: First-ever edition ends
27 March 2024: The FIFA Series which ended on March 26th consists of international friendly matches that are contested by national teams from all six confederations, who do not normally have the opportunity to play each other. The pilot edition featured the national teams of 24 FIFA Member Associations. Algerian forward Yacine Brahimi hailed a […]
President Ruto signs Affordable Housing Bill into law
19 March 2024: Kenya’s President William Ruto has signed into law a controversial bill, paving the way for the government to continue collecting a housing levy of 1.5% of a worker’s monthly pay. The levy aims to fund the construction of affordable housing for low-income citizens, though its implementation has sparked widespread criticism. Opposition voices […]