African breaking business news 22 february 2018

Here are some African breaking business news from February 22, 2018:

  1. Nigeria's Economy Grows by 1.95% in Q4 2017: Nigeria's economy grew by 1.95% in the fourth quarter of 2017, according to the National Bureau of Statistics (NBS). This is the first time the country's economy has grown in three years. (Source: Vanguard)
  2. South Africa's Rand Weakens Against Dollar: The South African rand weakened against the US dollar on February 22, 2018, due to concerns over the country's economic growth and inflation. The rand was trading at around 12.35 against the dollar. (Source: Bloomberg)
  3. Egypt's Suez Canal Revenue Reaches $5.6 Billion in 2017: The Suez Canal, one of the busiest shipping lanes in the world, generated revenue of $5.6 billion in 2017, according to the Suez Canal Authority. This represents a 10.2% increase from 2016. (Source: Reuters)
  4. Kenya's Safaricom Launches Mobile Money Service in Tanzania: Safaricom, a leading telecommunications company in Kenya, has launched a mobile money service in Tanzania. The service, called M-Pesa, allows customers to send and receive money using their mobile phones. (Source: Business Daily Africa)
  5. Ghana's Inflation Rate Rises to 11.8% in January: Ghana's inflation rate rose to 11.8% in January 2018, up from 10.3% in December 2017, according to the Ghana Statistical Service. This is due to a rise in food prices and other goods. (Source: Ghana Web)
  6. Nigerian Stock Exchange Index Falls 0.45%: The Nigerian Stock Exchange (NSE) index fell 0.45% on February 22, 2018, due to profit-taking by investors. The index closed at 34,441.45 points. (Source: This Day Live)
  7. South Africa's MTN Group to Sell Stake in Nigerian Unit: MTN Group, a leading telecommunications company in South Africa, has announced plans to sell a stake in its Nigerian unit to raise funds for expansion. The company plans to sell a 14.2% stake in MTN Nigeria to raise around $500 million. (Source: Business Day)

These are just a few of the breaking business news stories from Africa on February 22, 2018.