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Tag: Africa

Business

WTO ranks Africa second in global export growth for Q1

Africa’s merchandise exports increased by 14 per cent year-on-year in the first quarter of 2026, recording the second-highest regional growth after Asia, according to the World Trade Organization. The WTO disclosed this in its latest trade outlook titled “Global goods trade resilient in the first quarter of 2026 despite war in Middle East,” released on […]

Business featured

S&P Global to acquire majority stake in Africa’s Agusto & Co.

S&P Global has agreed to acquire a majority stake in Agusto & Company Limited, a leading Pan-African credit rating agency, in a move aimed at strengthening its presence in Africa’s domestic debt markets and enhancing credit transparency across the continent. The transaction, which is subject to regulatory approvals, will support the expansion strategy of S&P […]

Agribusiness

Agribusiness firm urges increased investment in Africa’s agric value chains

An agribusiness firm, Davidorlah Nigeria Limited, has called for increased investment in Africa’s agricultural value chains, saying strategic financing and infrastructure development are critical to driving economic growth and improving food security across the continent. The Managing Director and Chief Executive Officer of the company, Segun Alabi, made the call while speaking at the Africa […]

Business

Nigeria leads Africa in regulated online gambling — Report

Nigeria has emerged as one of Africa’s most regulated online gambling markets, even as illegal operators continue to dominate the continent, according to a new report by Gaming Compliance International. The report, the first comprehensive assessment of online gambling across all 54 African countries, showed that Africa’s online gambling Gross Gaming Revenue reached $23 billion […]

featured Investment

Nigeria, three African nations forge new cocoa value alliance

The Federal Government, cocoa-producing states and three other African countries have agreed to deepen cooperation to boost cocoa processing, improve farmers’ earnings and retain more value from the global chocolate industry within Africa. Vanguard reported that speaking at the Cocoa Value Addition Summit in Abuja on Tuesday, the Minister of State for Industry, Trade and […]

Opinion

Dangote cement boss urges Africa to accelerate decarbonisation drive

Dangote Cement Plc has reaffirmed its commitment to driving low-carbon cement production. The company’s Group Managing Director, Arvind Pathak, urged African producers to accelerate decarbonisation while expanding capacity to meet the continent’s growing infrastructure demand. Vanguard reported that Pathak made the call after participating in the Global Cement and Concrete Association CEO Strategic Dialogue in […]

Business

African startups raised $3.9bn in 2025 as funding rebounds — Report

African startups raised $3.9 billion across 506 deals in 2025, signalling a recovery in fundraising activity after earlier market challenges, according to a new report by Bloomwit Africa. The report stated that technology funding exceeded $4 billion through a combination of equity and debt financing, representing an estimated 25 per cent year-on-year increase, with venture […]

Investment

Afreximbank urges media to change Africa’s negative investment narrative

President of the African Export-Import Bank, Dr George Elombi, has urged African journalists to reshape the continent’s narrative to boost investment and development. Vanguard reported that Elombi, who is also Chairman of the Board of Directors of Afreximbank, made the call during a media roundtable in Abuja on Wednesday. He stressed that prevailing international perceptions […]

Business

African fintechs must evolve into institutions — Experts

Experts in Africa’s financial technology ecosystem have said fintech companies have not “lost the plot” but must evolve into stronger, better-governed institutions capable of attracting long-term investment and sustaining financial inclusion. Vanguard reported that they spoke on Saturday during a panel session on “Have Fintechs Lost the Plot?” at the Africa Technology Expo held in […]

Opinion

Nigeria must secure economy before reclaiming African leadership — Minister

The Minister of State for Foreign Affairs, Sola Enikanolaiye, has said Nigeria must first become economically resilient, secure and stable before it can effectively reclaim its leadership position in Africa and exert greater influence globally. The PUNCH reported that speaking at the launch of “Shadows of Power”, a book authored by retired Rear Admiral Sola […]

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