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Nigerians paid ₦208.15bn for electricity in May 2026 —

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Tag: Africa

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 […]

Nigeria tightens visa, immigration policies to curb overstaying
Travel

Nigeria’s passport drops 27 places on Africa power list

Nigeria has recorded the sharpest decline in passport strength in Africa over the past 20 years, underscoring how limited visa liberalisation, tighter global mobility rules and weak reciprocal agreements have steadily reduced international travel access for Africa’s most populous country. According to BusinessDay, an analysis of the Henley Passport Index for January 2026, released on […]

News

Nigeria named 5th best English-speaking African country

Nigeria has been ranked as the fifth best English-speaking country in Africa and 29th globally in the 2025 English Proficiency Index released by international education organisation, Education First. The ranking was published in the 2025 edition of the EF English Proficiency Index, which evaluated adult English language proficiency across 123 countries and regions worldwide. Education […]

80% of Nigeria pharmacies now prefer digital payment methods — Report
Finance

Nigeria emerges digital payments leader in Africa

Nigeria has emerged as a leading force in Africa’s rapidly expanding digital payments ecosystem, as instant payment systems across the continent processed transactions valued at nearly $2 trillion in 2024, according to a new report. The State of Inclusive Instant Payment Systems 2025 Report, released by the AfricaNenda Foundation in collaboration with the World Bank […]

News

Why African migrant workers still face abuse, descrimination globally – ITUC

The African Regional Organisation of the International Trade Union Confederation has warned that Africa’s migrant workers continue to endure widespread exploitation, abuse and insecurity despite the presence of regional and global protection frameworks. In a statement issued on December 18 and signed by the General Secretary of ITUC-Africa, Akhator Odigie, the organisation said Africa remains […]

Business

Diageo sells East African breweries stake to Japan’s Asahi Group

Diageo Plc, the British multinational alcoholic beverage corporation, has reached an agreement to sell its 65 percent controlling stake in East African Breweries Plc to the Japanese firm Asahi Group Holdings. This landmark transaction represents the largest entry by a Japanese brewing company into the African alcoholic beverage sector. The announcement, released on Wednesday, details […]

Oil and Gas

Nigeria launches Africa’s first gas market

The Federal Government of Nigeria officially launched Africa’s first gas trading market on a Thursday, marking a major step towards fully utilizing the country’s vast 209 trillion cubic feet of gas reserves. The launch took place at an event held in Abuja, according to Vanguard. The Nigerian Midstream and Downstream Petroleum Regulatory Authority and the […]

EU rules out fee for tech giants under digital markets act
Finance

EU launches €12m initiative to boost African ports

The European Union has launched a €12 million regional initiative aimed at boosting the safety, security, and operational performance of major sea ports across West and Central Africa. The project, known as SCOPE Africa – Securing Corridors, Ports and Exchanges in Western and Central Africa, was formally launched in Lomé, Togo, and is scheduled to […]

Ethiopia secures $3.4bn IMF loan after currency float
Business

Ethiopia to sign historic deal for Africa’s $29tr gas-by-rail project

Ethiopia is set to make history on Monday, December 8, 2025, when it signs a Host Country Collaborative Agreement with Insight Dynamic Resources to formally launch the Gas-by-Rail Economic Corridor Initiative. This signing marks the beginning of one of Africa’s most ambitious industrial and energy transformation projects. The GBR-ECI represents an unprecedented attempt to connect […]

News

S’African exporters shift focus to Africa amid US tariffs

South African agricultural exporters are expecting higher United States tariffs to persist as the diplomatic rift between Pretoria and Washington continues. In response, these exporters are actively seeking alternative markets on the African continent. Danie Dörfling, the head of business development at Moore Infinity, informed Business Times that liberalized trade policies could boost intra-Africa trade […]

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