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Tag: Africa

Suspect arraigned for allegedly stealing N1.1bn from Moniepoint
Opinion

Africa’s financial future will be shaped locally — Moniepoint

Moniepoint Microfinance Bank believes that the future of Africa’s financial system will be shaped within the continent through homegrown innovation, effective regulation, and informed journalism. The bank’s Chief Executive, Babatunde Olofin, emphasized this at the 2025 annual conference of the Finance Correspondents Association of Nigeria, themed “Bracing for the Digital Economy in Nigeria: Taxation, Banking […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Electricity

300m Africans to get electricity by 2030 — World Bank

Seventeen African governments have committed to reforms and actionable plans to expand electricity access as part of Mission 300, a partnership led by the World Bank and the African Development Bank Group aiming to connect 300 million Africans to electricity by 2030. Governments from Benin, Botswana, Burundi, Cameroon, Comoros, Republic of the Congo, Ethiopia, Gambia, […]

Business

Global Energy Alliance commits $16m to enhance Africa’s energy access

The Global Energy Alliance for People and Planet has committed $16 million to enhance energy access and promote the deployment of clean energy initiatives across Africa. This announcement was made during the 80th session of the United Nations General Assembly and underscores support for Mission 300, a collaborative initiative led by the World Bank Group […]

Startups

Google supports African startups, varsities with $9m fund, AI tools

Google has reaffirmed its commitment to Africa, unveiling new subsea cable connectivity hubs, a $9 million fund, and Artificial Intelligence tools for students. The tech giant is building on nearly two decades of partnership with infrastructure, learning, and innovation announcements. Four strategic subsea cable connectivity hubs will be established in the north, south, east, and […]

Conferences

Nigeria, seven other African countries sign landmark petroleum charter

Nigeria and seven other African countries have endorsed a landmark charter establishing the African Petroleum Regulators Forum, setting a new course for harmonized petroleum regulation and investment promotion across the continent. The signing ceremony took place on Thursday, September 18, 2025, on the sidelines of the 31st Africa Oil Week in Accra, Ghana, chaired by […]

Business featured

MTN to develop AI-powered data centers in Africa

MTN Group, Africa’s largest telecom operator, is in advanced talks with United States and European firms to develop data centers across the continent to power artificial intelligence services. The move is part of the company’s strategy to fill Africa’s massive AI infrastructure gap and unlock new revenue streams, according to CEO Ralph Mupita. Mupita said […]

News

Africa loses $12.7bn yearly to infrastructure disasters — Report

Africa suffers an average of $12.7 billion in annual infrastructure losses from natural disasters, according to a new report by the Coalition for Disaster Resilient Infrastructure. The study, released Monday, shows that floods account for about 70 per cent of the damage, while earthquakes — less frequent but often more devastating — make up about […]

Top 10 most-improved visa-friendly African countries
News

Top 10 most-improved visa-friendly African countries

Traveling between African countries is becoming increasingly accessible, thanks to growing trends in visa policy reforms across the continent. A recent report, “Africa Visa Openness Index,” from 2016 to 2024 shows that 39 African countries have improved their visa rankings, signaling a positive shift towards easier travel across the continent. The increase in visa scores […]

Osimhen, Fireboy, Veekee James others make Forbes 30 Under 30
News

Osimhen, Fireboy, Veekee James others make Forbes 30 Under 30

Five Nigerians have been recognized by Forbes Magazine in its 30 Under 30 Africa Class of 2024, for shaping the continent’s future and leaving an indelible mark on the global stage. This vibrant group of visionaries spans diverse fields, from entertainment to sports, demonstrating innovation, inclusive growth, and a redefinition of Africa’s narrative. As the […]

World

Africa’s exports to grow by 5.3% in 2024 – WTO

World Trade Organization declared that exported goods from Africa are projected to grow by 5.3% on an annual basis in comparison with the rest of the world, according to the World Trade Organization’s trade outlook for 2024. According to the report, exports on the continent will be higher than they were before the onset of […]

News

AGOA boost: Kenya receives $55m for apparel expansion

The African Growth and Opportunity Act, which has significantly contributed to enhancing trade and investment in sub-Saharan Africa with the United States of America, provides for duty and quota free access to American markets. Many qualifying African countries have achieved notable successes in exporting goods under AGOA to the US. These successes include textiles and […]

Energy

China to drive Africa’s renewable energy revolution – Report

China has an extraordinary opportunity for an energy revolution in Africa, but first, it must overcome almost two decades of neglect regarding investment in green power there, research from Boston University showed on Tuesday. Since the beginning of the century, Beijing has emerged as the largest bilateral trade partner on the African continent and financed […]

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