Economy

The European Union (EU) has announced a $30 million equity investment in Seedstars Africa Ventures’ Fund I, a venture capital fund that supports African digital technology companies. The fund, which …

Nigeria’s Forex Woes Drive Cadbury to Swap Dollar Loans for Equity

NASENI forges global partnerships for tech advancement in Nigeria, focusing on staff development, high-tech facilities, and combating misinformation.

The IMF predicts that Sub-Saharan Africa will have six of the top-10 global economic performers in 2024, offering hope for the region.

EU’s new import control system requires traders to provide cargo data before arrival, impacting sea, rail, and road imports.

Dangote Group, owned by Africa’s wealthiest, Aliko Dangote, affirms full cooperation with EFCC in ongoing forex investigation involving central bank funds.

Somalia’s president has signed a law that nullifies a controversial agreement between Ethiopia and Somaliland, a breakaway region that claims independence from Somalia. The deal, which was announced on New …

Africa is witnessing a surge in drone activity as various countries seek to acquire and deploy unmanned aerial vehicles (UAVs) for military purposes. The continent has become a new playground …

Zimbabwe’s Zinara enforces higher toll fees as part of the 2024 budget, affecting motorists on major routes across the country.

In a remarkable shift within Africa’s startup ecosystem, cleantech and fintech ventures have emerged as the frontrunners in attracting debt funding, according to a recent report by Briter Bridges. This …