More News

BUA Cement Plc Q2-24: Higher Costs and FX Losses Undermine Earnings Outlook

August 9, 2024/Cordros Report We update our views on BUACEMENT in this report, after the release of the company’s Q2-24 result. BUACEMENT’s revenue surged by 76.8% y/y in Q2-24, which we believe was supported by a favourable price/volume mix in the year. However, cost pressures and FX losses continued to […]

AfDB Approves $40 Million Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates’ import and export trade finance requirements August 9, 2024/AfDB The Board of Directors of the African Development Bank Group has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in […]

FGN, DiFZIN Inaugurate Committee for the Establishment of Digital Free Zone for Technology and Global Service Businesses

Federal Government of Nigeria & Digital Free Zones in Nigeria (DiFZIN) inaugurate committee for the Establishment of Digital Free Zone for Technology and Global Service Businesses August 9, 2024/AFC In a bid to drive the ease of doing business for global digital, finance, knowledge- and services-oriented enterprises in Nigeria, the […]