Equity gets approval to merge DRC subsidiaries into new bank branches

Equity Group Holdings has received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commercial du Congo (BCDC) to form DR Congo’s second largest lender by assets.
Nigerian President Muhammadu Buhari signs the AfCFTA ( AFP)
Africa’s 1.2b market to go live amid uncertainty over tariffs and trading blocs
African businesses are gearing up for the opening of the 1.2 billion people market, amid challenges on tariff concessions, rules of origin and trade in services.
Nigeria’s private-sector credit growth slowed in November 2020
Nigerian lending slows as battered economy dents demand
Nigeria’s private-sector credit growth slowed in November to the lowest level since April, when the measure shrank by a record 61%.
The country’s first electric motorbike company now has about 7,000 drivers in line for its vehicles
East Africa’s electric motorbikes are fueling a carbon-free future
When Rwanda’s president said last August that he wanted all of the country’s motorbikes to be electric as soon as possible, Ampersand’s waiting list exploded.
The purchase will be done in the open market on December 30, 2020
Africa’s richest man initiates Nigeria’s first share buyback
The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2 million shares of 50 kobo each, or 0.5% of the total in issue, it said in a filing to the Nigerian Stock Exchange on Monday.
Tourists get a taste of local life in Kilimanjaro region. PHOTO | APOLINARI TAIRO
Go tell it: Spending the holidays touring the slopes of Kilimanjaro
Kilimanjaro region in Northern Tanzania attracts tens of thousands of people to visit during Christmas and New Year, joining their families for the festivities.
Charges for transactions that had been reduced in March, will go back to the original rates
Kenyans to tighten belts further as mobile money charges return
The Central Bank of Kenya is reinstating charges on mobile money transactions, after they were put on hold to cushion Kenyans from the economic ravages of Covid-19.