Africa’s banking industry generated about $107 billion in revenue in 2025, with Nigeria weakly positioned as the continent’s third-largest market. A report by McKinsey and Company shows that about 70 …
AfricaAFRICA NEWSEconomy
Category:
AFRICA NEWS
As Aliko Dangote turns 69, his story demands to be read not as a biography of wealth, but as a case study in Africa’s unfinished industrial argument. For decades, the …
Africa Feed & Food (AFF) has received a USD 90 million investment from French development finance institution (DFI) Proparco and North Africa-focused investment entity RMBV. Africa-focused law firm Asafo & …
- AfricaAFRICA NEWSNewsSouth AfricaSouth Africa EconomySouthern Africa
US and South Africa move to reset ties amid diplomatic tensions
The United States’ newly accredited ambassador to South Africa, Matthew Bozell, formally assumed his duties on Wednesday during a ceremony that also saw envoys from 19 other nations receive accreditation …
- AfricaAFRICA NEWSEntrepreneurship
Africa startup funding tilts to debt as early stage slumps in March
Africa’s start-up funding rose in March, but the gains masked a deeper shift in investor behaviour, with capital increasingly flowing into fewer, more mature companies through debt rather than equity. …
Russia is seeking to build an alternative cross-border payments network in Africa using a ruble-backed cryptocurrency, as it looks to bypass Western financial systems following sanctions imposed over the war …
- AfricaAFRICA NEWSEntrepreneurship
Verto Expands Business Accounts to Enable Seamless Payments from the US to Africa
Global payments platform, Verto, has launched a new solution under its Verto Business Accounts offering, enabling U.S.-registered companies to open USD accounts in their own business names and move funds …
Zenith Bank Plc has completed its long-awaited entry into East Africa with the full acquisition of Paramount Bank Limited, marking a major milestone in the Nigerian lender’s regional expansion strategy. …
- AfricaAFRICA NEWSEconomy
Capillary appoints Sumit Kumar as President of the Middle East, Africa & India
Capillary Technologies India announced the appointment of Sumit Kumar as President of the Middle East, Africa & India. With this appointment, Capillary strengthens its leadership team and reinforces its commitment …
Global open-source leader, Red Hat, has announced an expanded collaboration with Google Cloud aimed at helping enterprises accelerate application modernization and simplify their migration to the cloud. The strengthened partnership …