Nigerian banks have opposed a proposal by Etisalat Nigeria to convert part of a $1.2 billion loan from dollars into naira and want Abu Dhabi telecoms group Etisalat and its other shareholders to recapitalise it instead, a source said.
At a popular Charismatic Church service in Accra, the capital of the West African nation Ghana, hundreds of worshipers gathered to pray. It’s a regular ritual as they seek spiritual solutions to their problems.
A court in Nigeria has directed that the country's Agency for Food, Drug Administration and Control should ensure that the Nigeria Bottling Company Plc warns consumers in the country against taking soft drinks with Vitamin C.
Kenya's central bank said on Monday it would process requests for licences by two new banks, ending a moratorium it put in place in 2015 on licensing new commercial banks.
Zimbabwe is negotiationg a new deal to continue importing power from South African utility Eskom to make up for shortfalls in generating capacity at its Kariba hydropower station, the energy minister said on Monday.
