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Tag: Africa

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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 […]

Business

African family businesses outperform global peers in growth — PwC

Family-owned businesses across Africa are proving more resilient than their global counterparts, with 66% reporting sales growth over the past year despite inflationary pressures, tax challenges and economic uncertainty. This is according to PricewaterhouseCoopers Africa Family Business Survey 2025, which gathered responses from 79 family businesses across East, West and Southern Africa. The survey found […]

Entertainment

Africa studies Nigeria’s local content model for adoption — NCDMB

The Nigerian Content Development and Monitoring Board has said African countries are studying its local content model to set up theirs. The board stated this recently while hosting a delegation from the Ghana National Petroleum Corporation on a benchmarking and knowledge-sharing visit aimed at deepening Ghana’s understanding of Nigeria’s local content development framework. The PUNCH […]

Business

African cocoa farmers demand $6000/tonne floor price

The Cocoa and Coffee Farmers Alliance Association of Africa has called for a unified African cocoa producers’ bloc and a minimum floor price of not less than $6,000 per metric tonne, to coordinate production and strengthen bargaining power for farmers across the continent. The association said the measures would help end Africa’s dependence on commodity […]

Electricity

W’Bank, AfDB to connect 50 million Africans to electricity

The World Bank and the African Development Bank have announced that Mission 300, an initiative aimed at providing electricity to 300 million Africans by 2030, has connected more than 50 million people to power across 40 countries, nearly two years after its launch. Nairametrics reported that this was disclosed in a joint statement issued by […]

Economy

Africa needs to expand fish farming sector — UN

Africa needs to urgently expand its fish-farming sector to meet its food needs, the head of the UN’s fisheries division said Tuesday, even as its latest report found record production levels globally. Fish and seafood is now a $184-billion trade, according to the State of World Fisheries and Aquaculture report by the United Nations’ Food […]

Helth

US commits additional $20m to boost Ebola preparedness in Africa

The United States has announced an additional $20 million in funding to support Ebola preparedness efforts in four African countries as concerns mount over the worsening outbreak in the Democratic Republic of Congo. The funding was disclosed in a statement released on Wednesday, June 10, and published on the U.S. State Department website. The latest […]

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