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Tag: Africa

Cameroonian city ranked most expensive in Africa
News

Cameroonian city ranked most expensive in Africa

Living in African cities can be a genuine financial burden these days, owing to the recent increase in inflation. Everything is getting more expensive, from housing to groceries. According to one of the world’s leading data and research platforms, Numbeo, food and utilities, for example, have seen price increases. Numbeo reports that Douala, Cameroon is […]

Zanzibar to build first seven-star hotel in East Africa
Business

Zanzibar to build first seven-star hotel in East Africa

Zanzibar hopes to raise the bar for African hospitality by constructing a seven-star hotel. According to a Tanzanian publication, The Citizen, this is also part of its aim to strengthen tourism, its core sector. The hotel will be constructed on a tiny island. The Montuli would be the name of the ambitious seven-star deluxe hotel, […]

S'African billionaire dethrones Dangote as Africa’s richest man
Business featured News

S’African billionaire dethrones Dangote as Africa’s richest man

Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine In the list, the Forbes Daily billionaires ranking […]

Airtel Africa CEO Ogunsanya retires, names Taldar successor
Business

Airtel Africa CEO Ogunsanya retires, names Taldar successor

Airtel Africa stated on Tuesday that Chief Executive Officer Olusegun ‘Segun’ Ogunsanya will retire on July 1, 2024, and has thus, appointed Sunil Taldar as his successor. According to Business Day, Taldar, who joined Airtel Africa as Director Transformation in October 2023, will begin the transition to CEO with Ogunsanya. Following the transition phase, Taldar will […]

Sony to invest $10m in African entertainment startups
News Tech

Sony to invest $10m in African entertainment startups

The Sony Group on Wednesday announced the launch of Sony Innovation Fund: Africa (SIF: AF), a programme that will aid the expansion of entertainment companies in Africa. Tokyo multinational conglomerate Sony Ventures Corporation (SVC) has set aside $10 million for early-stage entrepreneurs in the gaming, music, film, and content distribution industries. This fund targeted at […]

Aviation ministry gets N40bn approval for NAVAID upgrade
Aviation

Africa faces growing demand for 54,000 aviation professionals by 2042- Expert

Nigeria and other African nations will need at least 54,000 technical workers in a variety of aviation-related sectors by 2042. According to The Times, it was also predicted that in the next 20 years, Nigeria’s air transport sector will grow by at least 5% yearly. During the current 7th Aviation Summit taking place in Abuja, the Marketing Director, Airbus, […]

Twiga fires 283 employees, cites tough business environment
News Tech

Twiga fires 283 employees, cites tough business environment

African e-commerce food distribution company, Twiga will reduce one-third of its 850 staff as the company undergoes operational restructuring as a result of challenging market conditions. Twiga has been “on a transformative path in the last few months to become a lean, agile, cost-efficient organisation,” according to the company’s CEO, Peter Njonjo, who spoke with […]

UN, Lagos urge private sector to drive change in Africa
Business

UN, Lagos urge private sector to drive change in Africa

The United Nations and Lagos state have challenged the private sector to promote transformation in Africa. The Punch reported that they gave speeches during the Africa Social Impact Summit 2023, which took place in Lagos on Thursday and had as its topic “Global vision, local action: Repositioning the African development ecosystem for sustainable outcomes.” The […]

Top Russian companies, partners to visit Africa
featured

Top Russian companies, partners to visit Africa

Major Russian business organizations and Eurasian Economic Union members are planning business trips to several African countries. The Ounch reported that the Russian Export Centre, Roscongress Foundation, State Development Corporation VEB.RF, RosGeo, and the Russian Union of Industrialists and Entrepreneurs are a few of the organizations anticipated to take part in the mission. Others include the Eurasian […]

UN, Lagos urge private sector to drive change in Africa
News

UN to help Africa with credit rating data

The United Nations Development Programme claims that in order to reduce borrowing costs in Africa, it will concentrate on increasing the openness of the credit rating systems. According to The News Agency of Nigeria, this was said in a webinar by  Chief Economist, UNDP, Africa Bureau, Dr. Raymond Gilpin, in his remarks made on Friday at […]

US, Africa partner to strengthen trade
Business

US, Africa partner to strengthen trade

The US-African Business Summit, which drew more than 1300 participants and took place in mid-July in Gaborone, Botswana, has focused mainly on developing measures to improve trade and economic ties between the two continents. The mid-July summit was organized by the Corporate Council on Africa as a follow-up to the December 2022 US-African Leaders Summit in […]

Bitcoin falls below $100,000 in crypto market
Crypto

Crypto-Nigeria makes up 67% of Africa’s interest – Report

In comparison to other African nations, Nigeria has shown the greatest interest in digital currencies like Bitcoin and Ethereum, according to a study published by price monitoring firm CoinGecko. According to data collected so far this year, the most populated country in Africa is responsible for 66.8% of the continent’s cryptocurrency interest  Prior to now, Nigeria […]

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