News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
The naira on Wednesday sustained its upward trend against the United States dollar across both official and parallel foreign exchange markets, reflecting continued currency stability. Latest data released by the …
Access Bank Plc’s proposed acquisition of South Africa’s Bidvest Bank has collapsed following regulatory hurdles, Vanguard has learnt. Although the Nigerian lender had reached an agreement to acquire the South …
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 …
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. …
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