The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville By Reuters British bank Barclays disclosed on Monday around a 450 million pound ($591.80 million) loss on mishandled structured products and said this meant

Aliko Dangote during a visit to the fertilizer plant under construction in Lagos State. Photographer Andrew Esiebo for Bloomberg Businessweek By Face2Face Africa Africa’s richest man, Aliko Dangote, has opened the largest fertilizer plant on the continent. The plant, based in Africa’s biggest economy, Nigeria, was opened at the cost of $2.5 billion, according to

U.S. President Joe Biden, center, speaks with from left, German Chancellor Olaf Scholz, Luxembourg’s Prime Minister Xavier Bettel and European Council President Charles Michel during a round table meeting at an EU summit in Brussels, Thursday, March 24, 2022. As the war in Ukraine grinds into a second month, President Joe Biden and Western allies

President Uhuru Kenyatta (left), James Ndegwa (centre) and Equity Group chief-executive James Mwangi. By Business Daily Africa The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket Sh1.62 billion in the wake of record banking profits that have delivered outsize shareholder payouts. The

By Business Daily Africa Ethiopia has constituted a committee to liberalise the banking sector, taking a major step in opening the door for Kenyan lenders such as KCB Group to set up operations in the populous nation. The committee has already started work to amend Ethiopia’s half-a-century old financial code, local reports said meaning the

Britain’s Chancellor of the Exchequer Rishi Sunak hosts a news conference in the Downing Street Briefing Room in London, Britain February 3, 2022. Justin Tallis/Pool via REUTERS//File Photo By Reuters British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister

The African Exponent By Siyabonga Hadebe In recent years, the trend of land grabbing in Africa has increased exponentially. Land grabbing is the contentious issue of large-scale land acquisitions: the buying or leasing of large pieces of land by domestic and transnational companies, governments, and individuals. These land deals see local African governments allocating or

By Anadolu Agency The European Union’s (EU) natural gas, oil and coal imports from Russia since the beginning of the war in Ukraine have hit approximately €17 billion ($18.7 billion), according to data collated by Anadolu Agency on Monday from live tracker published by Europe Beyond Coal with Centre for Research on Energy and Clean

Britain’s Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street in central London, Britain March 3, 2021. Tolga Akmen/Pool via Reuters By Reuters British finance minister Rishi Sunak must decide next week whether to spend billions of pounds more to ease the growing cost-of-living squeeze for households and businesses

European Central Bank (ECB) president Christine Lagarde ( Dursun Aydemir – Anadolu Agency ) By Anadolu Agency Europe faces higher inflation and slower economic growth amid Russia’s war in Ukraine, the European Central Bank (ECB) president said on Thursday. “We are aware of the underlying risks caused by the war and the uncertainty it is