Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said the country’s net foreign reserves have risen to $49 billion, marking a strong and sustained recovery from …
Members of the Senate Committee on Appropriations have called for the full removal of electricity subsidy, arguing that it has become an unsustainable burden on public finances and a major …
Nigeria’s foreign exchange market has recorded a renewed divergence between the official exchange rate and the parallel market, marking the first significant widening of the gap in about three years. …
Africa’s technology ecosystem witnessed a clear strategic shift in 2025, as companies increasingly turned to mergers and acquisitions to drive growth, rather than relying on large funding rounds. Industry data …
Global crypto-currency exchange, Binance, has recorded rapid growth in its South African customer base, reflecting rising adoption of digital assets across the country. The company said its local user numbers …
Brazil’s state-owned oil company, Petrobras, has marked a strategic return to the African oil and gas sector with the acquisition of a 42.5 per cent stake in an offshore oil …
Growth dominated conversations at the 2026 Africa Business Convention (ABC), but speakers were quick to move away from lofty rhetoric, insisting that Africa’s next phase of economic expansion will depend …
In a historic move set to transform digital connectivity across East Africa, Ethio Telecom, Djibouti Telecom, and Sudatel Group yesterday signed a tripartite agreement under the Horizon Fiber Initiative, establishing …
Flourish Africa, a women-focused empowerment initiative founded by Apostle Folorunsho Alakija, has disbursed N300 million in grants to women entrepreneurs across Nigeria following a nationwide training and business pitch programme. …
African startups raised only $2.2 billion in 2024, representing just 0.6% of global startup funding, highlighting a massive financing gap that leaves promising tech entrepreneurs without the capital needed to …