
Bidco chair Vimal Shah loses Sh102.4m in forex deal
Shah said Bidco was seeking US dollars to pay for imports of raw materials when his friend and business associate, Nicholas (Nik) Nesbitt, offered to help the company access the currency.
Curated pan-African reports, analysis, and stories in news summary.

Shah said Bidco was seeking US dollars to pay for imports of raw materials when his friend and business associate, Nicholas (Nik) Nesbitt, offered to help the company access the currency.

The president of Cape Verde, Jose Maria Neves, says he’ll run for a second five-year term in the country’s November elections. Making the announcement on Monday, Neves said he wants to continue to champion the causes he’s pursued whic

[allAfrica]

The Federal Government has raised about N1.23 trillion through two bond issuances under its power sector debt reduction programme, as it moves to settle about N4 trillion in legacy obligations owed to electricity Generation Companies (GenCo

The Trade Union Congress (TUC) has suspended its planned shutdown of Federal Unity Colleges over the concession of King’s College, Lagos, to the King’s College Old Boys’ Association (KCOBA). The post TUC suspends planned shutdown of F

[Scrolla] · Elizabeth Moselakgomo's family identified her body on Monday after the 38-year-old runner disappeared while out for an afternoon run last Wednesday.

A take on the hit US TV series has become an unlikely tool for Egyptians to complain about life amid strict surveillance.

The World Health Organization (WHO) says Africa accounted for about 75% of confirmed mpox cases reported globally in July, as the public health risk from the ongoing multi-country outbreak remains moderate. The post WHO says Africa accounts

[Nile Post] Chief of Defence Forces (CDF) Gen Muhoozi Kainerugaba has reinstated Uganda's participation in the 2027 Invictus Games in Birmingham, United Kingdom, following clarification from Buckingham Palace on the position of King Charles

[Addis Standard] Addis Abeba -- Ethiopia's Ministry of Education has announced the temporary reassignment of students previously enrolled at universities in the Tigray region to other public universities, citing the "current circumstances"

[Capital FM] Kisumu -- President William Ruto has warned political leaders against using chaos, violence and divisive politics to advance their interests, saying Kenya has no room for leaders bent on destabilising the country.

Africa’s richest man, Aliko Dangote, hailed Monday’s share sale of his Nigerian oil refinery as an opportunity to create value for millions of people across Africa.