Nigeria Shuts an Insurer That Could Not Raise Enough Capital
NAICOM revoked the Universal Insurance licence after the company missed Nigeria's new minimum capital requirement. A liquidator was appointed the...
August 20, 2026Section
Markets
Financial markets, economic analysis, and cryptocurrency coverage
Ecobank Shrinks Its Board and Drops the Term Limit for Directors
The Ecobank ETI board falls from 15 seats to 12, and the nine-year cap on non-executive directors is gone. Shareholders...
August 20, 2026
Payment Failures at Ghana’s Ports Are Driving Up Import Costs
Ghana port payment failures are stranding containers and adding demurrage charges. Importers say the state platform and its bank links...
August 20, 2026
Museveni Says Uganda Is Middle-Income, the World Bank Says Not Yet
Uganda middle-income status is disputed. The World Bank's July 2026 classification still lists Uganda as low income, about US$56 short...
August 20, 2026
A Nigerian Startup Lets You Cash Out Crypto Inside WhatsApp
MYPADI AI has built a WhatsApp crypto off-ramp for Nigeria, turning stablecoins into naira inside a chat. Nigeria is a...
August 20, 2026
Africa’s Nuclear Plans Lack the People to Run Them, Ghana Warns
A nuclear workforce shortage threatens Africa's reactor plans, Ghana's atomic agency says. Building a plant takes a decade; training staff...
August 20, 2026
Ghana’s Cedi Rallied 7% in a Week. Street Rates Barely Moved
The Ghana cedi gained about 7 percent against the dollar in a week on the interbank market. The rate people...
August 20, 2026
Only a Fifth of Absa Kenya Shareholders Took the US$239m Offer
Absa Bank Kenya minority holders took up barely a fifth of a US$239 million tender offer. The parent had wanted...
August 20, 2026
Sudan Says It Is Ready to Buy Kenyan Tea Again
Sudan's ambassador says the Sudan tea market is ready to reopen to Kenya. No decree has been published, and 207...
August 20, 2026