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The Emerging Africa Infrastructure Fund has committed $39 million to a $125 million bond issued to support Sonatel's expansion in West Africa. 

EAIF commits $39mn to Sonatel bond

A total of 19 elections will hold across Africa this year, but the reality of two of them holding is still shaky, while a majority of the votes are scheduled for the last quarter of this year. 

African countries gear up for elections in 2024 

US Secretary of State Antony Blinken arrives  Nigeria today as part of his 4-nation tour across Africa. 

Blinken visits Nigeria: Promoting US-Nigeria relations

Egie Akpata, Chairman of Skymark Group, joins CNBC Africa for this discussion.

DMO releases January 2024 bond offer circular

The International Monetary Fund says all quantitative performance criteria for the first review of the Extended credit Facility Arrangement as well as almost all indicative targets and structural benchmarks were met. 

IMF executive board concludes 2023 Article IV consultation with Ghana

Nigeria’s Minister of Arts, Culture and Creative Economy, Hannatu Musawa says work is underway to develop and unveil a policy framework in the next few months. 

Musawa: Nigeria eyes creative economy policy framework

The International Monetary Fund executive board is set to meet today to consider the first review of Ghana's $3 billion Extended Credit Facility with the expectation the Board will sign off a $600 million loan disbursement. 

IMF to review Ghana $600mn loan payout today

The CEO of Standard Chartered Africa and Middle East, Sunil Kaushal says the outlook for regions across Africa remains largely positive. 

Kaushal: Africa’s economic outlook largely positive

S&P Global Ratings say fintechs will close the gap of financial exclusion and literacy in Nigeria in the next five years while reiterating the shift to digital banking has accelerated Nigerian banks' scale and supports profitability. 

S&P: Fintech to close Nigeria’s financial exclusion gap in 5 years

Analysts at ARM Securities say the overall outlook for the Nigerian equities market in 2024 is positive, but potential risks like FX shortages and inflation should be considered.

ARM: Improved investors' confidence to drive positive equities in 2024

African countries must increase production, manufacturing and industrial mindset if they hope to fast-track the implementation of the African Continental Free Trade Area. 

Awolowo: Africa must increase production to fast-track AfCFTA  

Shell says it has agreed to sell its Nigerian onshore oil asset, Shell Petroleum Development Company of Nigeria Limited to Renaissance, a consortium of five companies. 

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