Tag: Africa

Energy

ITUC-Africa demands just energy transition for African workers

For three days, the heart of Africa’s trade union movement was in Nairobi, Kenya, as workers’ representatives from across the continent, alongside international partners and other stakeholders, gathered to confront one of the defining questions of Africa’s future: how can the continent achieve a green energy transition without leaving workers and communities behind. The Second […]

Oil and Gas

Dangote Refinery alone not enough for Africa, says FG

The Federal Government has said the Dangote Refinery alone cannot meet Africa’s growing refined petroleum products needs, urging local and international investors to pour more capital into Nigeria’s refining, midstream and downstream sectors. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said Nigeria must build on the success of the Dangote Refinery and […]

Finance

How to apply for ECOWAS $65,000 startup awards to Nigerian entrepreneurs

The Economic Community of West African States has opened applications for the second edition of its Startup Awards, offering cash prizes totaling $65,000 to startups from across the region, including Nigeria. ECOWAS Commission announced the award on its X handle on Monday, saying it aims to identify, celebrate and scale innovative startups while advancing digital […]

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 […]