Business

East African Community Trade Bloc Accepted Somalia into Its Membership.

East African Community Trade Bloc Accepted Somalia into Its Membership.

Following decades of warfare and recovery efforts, Somalia became the eighth member of the East African Community (EAC), a significant step towards free trade and economic integration throughout the region. At the EAC summit in Tanzania, Somalia was admitted. This is expected to bring the total population of the EAC market—which currently includes Burundi, the Democratic Republic of the Congo, Kenya, Rwanda, South Sudan, Tanzania, and Uganda—to over 300 million. In attendance at the summit, President Hassan Sheikh Mohamud praised this action as a ray of hope for Somalia, promising a future rich in possibilities. After years of unrest, Somalia's…
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The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

Senior Advisor Peter Joy Serwornoo to the Secretary-General of the African Continental Free Trade Area (AfCFTA) declared that 30 African nations are ready to start trading under this agreement next year, marking a significant step towards its implementation. Through the AfCFTA Guided Trade Initiative, seven countries have started trading in order to help African states begin trade under this agreement. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Speaking at the Regional Forum on AfCFTA for Anglophone West…
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Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: https://youtu.be/EGIMo97rddM “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing…
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According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

Even if state-level cooperation and private investment in the most lucrative sectors of Zimbabwean production are growing between Zimbabwe and Russia, some Russian businesses are exiting the market and selling their holdings there. For instance, numerous businesses recently sold for $90 million. These diamond mining firms are permitted to operate in Bulawayo. Several reports claim that the sale was completed quickly; the reasons behind this have not yet been made public. The amount paid by the buyer, who has not yet been named, was decreased due to the urgency with which the sale needed to be completed. The issue of…
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Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Hello Customer, It's time to make purchases abroad and take advantage of frictionless transactions.Your Naira cards, which include Visa, Mastercard, and ALAT Mastercard, can now be used for purchases abroad. You can receive up to $500 per month on your foreign transactions. Here’s what you need to know: Expanded Possibilities: The Naira card gives you the freedom to shop at your favorite foreign retailers, browse foreign internet sites, and make overseas transactions. I tell you what. Now, the entire world is at your fingertips! Monthly Limit: A $500 monthly spending cap is imposed on overseas transactions to give you greater…
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Sports minister endorses sportsville award ! …says initiative aligns with his vision. In den warenkorb legen. Tag real madrid.