Tag: Africa

Business

Access Bank boss urges deeper collaboration to boost intra-African trade

The Group Managing Director of Access Bank Plc, Mr. Roosevelt Ogbonna, has urged African policymakers, financiers and businesses to strengthen collaboration. He said this is essential to speed up intra-African trade and unlock the continent’s full economic potential. Ogbonna made the call yesterday while welcoming participants to the Africa Trade Conference 2026 in Cape Town, […]

featured Life Style

Dangote retains Africa’s richest spot with $28.5bn fortune

Nigeria’s business magnate Aliko Dangote has once again secured his position as Africa’s wealthiest individual. He tops the Forbes 2026 Africa Billionaires ranking with an estimated net worth of $28.5 billion. Over the past year, the continent’s richest figures collectively gained more than $20 billion. The latest Forbes list, released on Monday, highlights Africa’s 23-member […]

Telecommunications

MTN Zambia completes Africa’s first Starlink direct-to-cell satellite test

MTN Zambia has completed Africa’s first field test of Starlink’s Direct-to-Cell technology. The trial successfully sent both a data session and a mobile money transaction through satellites. This achievement could significantly extend network coverage to remote parts of the country. The telecom operator stated that the trial used MTN’s spectrum alongside Starlink’s satellite constellation. This […]

Alibaba to raise HK$12bn in exchangeable bonds
Business featured

Alibaba offers $1.5m grants to African entrepreneurs

Alibaba Philanthropy and the Jack Ma Foundation have announced $1.5 million in grants for African entrepreneurs creating innovative solutions to the continent’s major challenges. This forms part of the launch of the 8th edition of Africa’s Business Heroes. The 2026 edition carries the theme ‘Defining Africa’s Future Today’. It targets entrepreneurs working in climate-smart agriculture, […]

Economy featured

Nigeria tops Africa stock markets with 34.4% dollar gains

Nigeria is officially the best-performing stock market in Africa right now, riding on the back of a strong naira, foreign investor appetite, and a bull market run to become the continent’s top performer in 2026. BusinessDay analysis of the data from African Markets, a real-time market intelligence platform, showed the benchmark index gained 34.4 per […]

News

WAEC rolls out DigiCert digital certificates across five nations

The West African Examinations Council has announced the full implementation of its Digital Certificate Services System, known as WAEC DigiCert, across its five member countries: Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. The announcement came in a statement issued by Demianus Ojijeogu, Head of Public Affairs at WAEC Headquarters in Accra, Ghana, on behalf of […]

Business

Wimbart launches PR service for early-stage African startups

Wimbart, an award-winning public relations agency specialising in business and technology sectors across Africa and emerging markets, has launched Wimbart Lite, a dedicated service designed specifically for pre-seed and early-stage startups. The new division will be led by Maria Adediran, Associate Director and founding team member, who has been appointed as Head of Wimbart Lite, […]

Economy

Trump approves temporary renewal of key US-Africa trade deal

The United States on Tuesday renewed the African Growth and Opportunity Act through the end of the year. This agreement allows many African countries to access the US market duty-free. US Trade Representative Jamieson Greer said in a statement that President Donald Trump had signed into law a reauthorization of the trade preference program through […]

featured Finance

10 strongest African currencies in January 2026

The strongest currencies in Africa in 2026 are more than just numbers on a chart; they reflect stable economies, sound monetary policies, and growing investor confidence. Several African countries have maintained strong currencies against the U.S. dollar, reflecting various degrees of fiscal discipline, monetary policy effectiveness, and economic structure. Currency strength remains a vital indicator […]

Technology

Africa, Middle East lag behind in business AI adoption — W’Bank

Artificial intelligence adoption among businesses remains lowest in Sub-Saharan Africa and the Middle East, highlighting a widening digital divide across emerging regions, according to a new World Bank survey. The survey, conducted in June 2025, covered more than 2,200 companies across over 85 countries backed by the World Bank Group’s private-sector arm or by private […]

Aviation

Emirates-Air Peace deal to enhance Africa-UAE-London connectivity

World’s largest international airline, Emirates, and West Africa’s largest airline, Air Peace, have activated a bilateral interline agreement, expanding air connectivity between Africa, the United Arab Emirates and London. The agreement offers passengers of both airlines frictionless, single-ticket travel and with through-checked baggage, on select routes, resulting in greater travel comfort and convenience for customers. […]

Business

Africa’s startup funding rebounds after two-year slump

Africa’s startup ecosystem recorded a significant recovery in 2025, bringing an end to a two-year downturn in funding as venture capital inflows rebounded strongly. According to BusinessDay, the resurgence was driven by improved company fundamentals, greater macroeconomic stability in major African markets, and the increasing influence of Africa-based investors leading larger and more resilient funding […]