The sixth annual Venture Capital Activity in Africa report has revealed that Africa’s venture ecosystem experienced a 22% decline in deal volume and a 28% drop in deal value in …
Africa
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BusinessEconomyFinance & ServicesINVESTMENTTechnology
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Business and EconomyEastern AfricaKenyaPoliciesTrade and Commerce
Kenya Becomes Africa’s Largest Importer of Second-Hand Clothes
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
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AfricaALGERIABusiness and EconomyEgyptFinance & ServicesMoroccoNigeriaTANZANIA
Africa’s Billionaires’ Wealth Reaches $105 Billion; Dangote Leads for 14th Year
Forbes’ latest report reveals that Africa’s billionaires have amassed a combined wealth of $105 billion, a significant Increase from $82.4 billion the previous year. This marks the first time their …
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AfricaFinance & ServicesFintechTechnology
Africa’s Digital Payments Projected to Reach $1.5 Trillion by 2030
A recent report has revealed that digital payments across Africa are expected to reach a staggering $1.5 trillion by the year 2030. This growth is largely driven by the increasing …
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Africa’s transition to a green economy is projected to generate substantial employment opportunities across the continent by 2030. A report by FSD Africa and Shortlist forecasts the creation of up …
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AfricaAFRICA NEWSHealthcareHospitalNigeria
The Magnificent Global Plastic and Reconstructive Surgeon ‘Dr. Chukwuemeka Onyewu’ Unveiled as the Latest UncutXtra Magazine Cover Star
Dr. Chukwuemeka Onyewu, a globally trained Plastic and reconstructive surgeon who runs one of the biggest surgical hospitals in Nigeria (CASS) has just been revealed as the latest cover star …
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AfricaAFRICA NEWSSouth AfricaSouthern AfricaZIMBABWE
Zim lithium miners to feel the heat as China ends EV subsidy
by Editorby EditorMINES and Mining Development permanent secretary Pfungwa Kunaka says China’s decision to lift electric vehicles (EVs) subsidies will lead to a sharp fall in lithium demand across producing countries, including …
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AfricaAFRICA NEWSKenyaKenyan News
Rubis takes Sh4.7bn bond as payment for fuel subsidy
by Editorby EditorOil marketer Rubis Energy Kenya converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into government bonds by the end of June as part of the State’s deal …
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AFRICA NEWSBusiness and EconomyEconomyOil & Gas
Namibia has the potential to become one of the leading oil producers by the year 2035.
by Editorby EditorThe Prime Minister Hon Saara Kuugongelwa-Amadhila on Wednesday reaffirmed the government’s commitment to socioeconomic development and environmental stewardship, following the discovery of two light crude oil discoveries in Namibia in …
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AFRICA NEWSBRIBERY
Madagascar president’s chief of staff charged with UK bribery offence
by Editorby EditorThe chief of staff to the president of Madagascar has been charged with a bribery offence amid claims that a UK mining company was asked to pay £225,000 for a licence to …