Economy

Nigeria, once a leading destination for venture capital in Africa, is now trailing behind its peers as funding activity for tech startups continues to decline. According to a report by …

South Africa’s largest mobile operator, MTN Group Ltd., has boosted its network availability to 95% in its home market despite facing challenges such as power outages, vandalism and a sluggish …

Over 400 Nigerian officials receive Chinese-sponsored agricultural training, aiming to significantly boost local rice production and food security.

At the 43rd Annual PMAWCA Conference in Lagos, President Bola Ahmed Tinubu championed African collaboration in harnessing the blue economy. He foresees this as a key to the continent’s wealth. …

Nigeria, Africa’s largest economy and biggest oil producer, is facing a looming climate crisis that could cost it $100 billion a year and derail its development, according to a new …

Japan’s optimism about Nigeria’s economic prospects shines despite the tough business environment. Takashi Oku, the Managing Director for the Japan External Trade Organisation (JETRO), affirmed this at the 2023 Lagos …

Africa is on the verge of a tech revolution, as a new venture capital fund backed by some of the world’s most successful entrepreneurs aims to support the next generation …

The African Union (AU) has urged the United States Congress to extend its flagship trade program, the African Growth and Opportunity Act (AGOA), for at least another decade. The AU’s …

AFEX, a leading African commodities platform, has received a $26.5 million investment from British International Investment (BII), the UK’s development finance institution and impact investor. The partnership aims to boost …

Nigeria’s first lady, Aisha Tinubu, is set to receive N1.5 billion ($3.9 million) for the purchase of vehicles for her office, according to the 2023 supplementary budget proposal submitted by …