News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
The Federal, State, and Local Governments received an increased monthly disbursement of over N200 billion, rising from N1.143 trillion in June to N1.354 trillion in July 2024. The Federation Account …
The latest World Economic Outlook from the International Monetary Fund (IMF) predicts a 3% growth rate for Nigeria in 2025, slightly lower than the 3.1% forecasted for 2024. However, this …
Travellers from Nigeria heading to the United Arab Emirates (UAE) must now pay a non-refundable document verification fee of N688,000. Paying the document verification fee is a requirement set by …
The High Court of the Federal Capital Territory in Maitama declined the former Governor of the Central Bank of Nigeria, Godwin Emefiele’s request to travel to the United Kingdom for …
New Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African BusinessesThe annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan …
The Federal Government emphasizes the importance of African countries adopting unified business laws to boost investment and facilitate economic integration. Mr. Adegboyega Oyetola, the Minister of Marine and Blue Economy, …
Akinwumi Adesina, the president of the African Development Bank, has warned that Nigeria’s decision to permit large-scale food importation could harm the country’s agriculture sector. On July 10, Nigeria’s agriculture …
Nala has secured $40 million in Series A funding to grow its consumer business globally and develop its B2B payment platform in Africa. Nala announced in a blog post on …
The South African government recently unveiled plans to incorporate nuclear energy into its strategy to resolve the nation’s persistent electricity issues. Minister of Electricity and Energy, Kgosientsho Ramokgopa, emphasized that …
With the advancement of Artificial Intelligence (AI), Microsoft has introduced an AI model capable of emulating human voice. Dubbed VALL-E 2, this text-to-speech generator can replicate a voice using only …
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