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Fitch Downgrades Nigeria to B+, Outlook Stable
Big Business

Fitch Downgrades Nigeria to B+, Outlook Stable

The much expected sovereign credit worthiness rating downgrade for Nigeria has just begun. Fitch, an American-based credit rating agency has taken the first shot at Nigeria. In a statement released by the agency on its website, Fitch said “Nigerian banks are sufficiently well capitalised to absorb the impact of the 40% […]

The Tough Road Ahead Of Jumia
Tech

The Tough Road Ahead Of Jumia

As predicted last week, Africa Internet Group, AIG has finally put to rest all speculations about the future of its eCommerce group- Jumia. The company now has only one platform that will now be operating in the eCommerce space. Jumia-group.jumia.com. Prior to this time, AIG used to have Jumia, Jovago, Everjobs, […]

Orange Acquires Airtel Burkina Faso
Tech

Orange Acquires Airtel Burkina Faso

Another major merger and acquisition, M&A deal has just been announced. This time around, it is about Orange Telecom. Orange said it has acquired a competing mobile operator, Airtel Burkina Faso Airtel is the 2nd largest mobile operator in Burkina Faso, with close to 4.6 million customers in the country. […]