Financial Times has named United Capital Plc, a foremost Nigerian investment bank, as one of Africa’s fastest-growing companies for the second consecutive year.The announcement was made in a report compiled …
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Spotlight
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Dangote Cement has reported a 1.6 per cent YoY decline in group revenue to NGN406.7bn (US$883.2m) in the first quarter of 2023. Group EBITDA over the same period fell 12 …
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AfricaAFRICA NEWSSpotlight
Uganda’s external debt decreases as the USD’s dominance decreases
by Editorby EditorAccording to Uganda’s Ministry of Finance, the country’s undisbursed debt decreased slightly from $3.85 billion in September 2022 to $3.83 billion (or roughly Sh14 trillion) in December 2022 during the …
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AfricaAFRICA NEWSSpotlight
Tim Cook bets on Apple’s mixed-reality headset to secure his legacy
by Editorby EditorWhen Tim Cook unveils Apple’s new “mixed-reality” headset later this year, he won’t just be showing off the tech giant’s latest shiny gadget. The Apple chief will also be guaranteeing …
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In an attempt to prevent a spreading financial crisis, regulators shut down the crypto-friendly Signature Bank, New York, on Sunday, promising to make its depositors whole. Signature Bank’s closure comes …
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AfricaAFRICA NEWSSpotlight
MTN CEO Says Crisis-Hit South Africa Risks Becoming Failed State
by Editorby EditorSouth Africa risks becoming a “failed nation-state” unless the government resolves challenges including an energy crisis, corruption and extreme unemployment, said MTN Group Ltd.’s chief executive officer. Africa’s largest wireless …
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AfricaAFRICA NEWSSpotlight
Airtel Africa selects Nokia to support digitalization efforts
by Editorby EditorNokia today announced that Airtel Africa has selected its iSIM Secure Connect technology, in a Software-as-a-Service (SaaS) delivery model, as part of the operator’s wider digitalization efforts to offer its …
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AfricaAFRICA NEWSSpotlight
SA Competition Tribunal approves Heineken acquiring Distell, Namibia Breweries
by Editorby EditorHeineken N.V today announced that the South African Competition Tribunal has approved its offer to acquire control of Distell Group Holdings Limited (‘Distell’). The decision marks the final regulatory approval, …
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AfricaAFRICA NEWSSpotlight
UK announces sanctions against global violators of women’s rights
by Editorby EditorForeign Secretary announces sanctions on International Women’s Day targeting gender-based violence in Iran, Syria, South Sudan and the Central African Republic Foreign Secretary James Cleverly has today (8 March) announced …
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AfricaAFRICA NEWSEntrepreneurshipSpotlight
Emmanuel Alade joins Black Excellence Project
by Editorby EditorEmmanuel Alade, one of UK’s outstanding architects, joins Black Excellence Project. The Black Excellence Project aims at giving young black people the opportunity to harness and develop their practical and …