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Business Africa

Zimbabwe Introduces Landmark Cryptocurrency Framework to Formalize Digital Asset Industry

Zimbabwe has unveiled its first dedicated cryptocurrency regulations, marking...

India and Indonesia Markets Rebound as Policy Measures Restore Investor Confidence

Financial markets in India and Indonesia staged strong recovery...

Starbucks Korea Invests in Nationwide Employee Development and Cultural Awareness Program

Starbucks Korea will temporarily shorten operating hours across its...

Kazakhstan and Firebird Sign $10 Billion AI Infrastructure Deal Backed by Nvidia Technology

Kazakhstan has signed a landmark $10 billion artificial intelligence...

Spielberg’s ‘Disclosure Day’ Debuts Atop North American Box Office

Steven Spielberg’s latest science-fiction thriller, “Disclosure Day,” opened at...

Africa’s Impact Investor Moment: From ESG to Real-World Change

Where ESG was once the benchmark of socially responsible investing, Africa's rich are now leading a shift towards something more tangible—impact. Unlike ESG screens, which are often checklist exercises, true impact investing places purpose and measurable change at the center of capital strategy.Globally,...

Niger–Benin Border Standoff Deepens as Trade Collapse Hits Regional Economies

The border dispute between Niger and Benin has escalated into a full-blown trade paralysis, dealing a severe blow to both economies and raising alarm...

Aliko Dangote Retires as Chairman of Dangote Sugar Refinery After Two Decades

In a major leadership transition at one of Nigeria’s foremost manufacturing firms, Africa’s richest man, Aliko Dangote, has announced his retirement as Chairman of...

DisCos Fail to Recover ₦202 Billion in Power Bills Within Three Months

Nigeria’s electricity distribution companies (DisCos) are grappling with deepening revenue collection challenges, having failed to recover over ₦202 billion in electricity bills within the...

Firms Increase Investment as Naira Shows Signs of Stability

A wave of cautious optimism is sweeping through Nigeria’s business landscape as the naira maintains a relatively stable exchange rate, prompting companies to ramp...

MultiChoice Nigeria Loses 1.4 Million Subscribers Amid Sustained DStv Price Hikes

MultiChoice Nigeria has seen a steep drop in its subscriber base, losing over 1.4 million customers in the past two years, as consumers increasingly...

Nigeria’s Export Value Hits ₦20.6 Trillion in Q1 2025, Trade Surplus Widens

Nigeria recorded total exports valued at ₦20.598 trillion in the first quarter of 2025, according to data released by the National Bureau of Statistics...

Omeife: Africa’s First Humanoid Robot Enters the Global Tech Spotlight

Blending artificial intelligence with African cultural expression, Omeife stands tall literally and symbolically as Africa’s first humanoid robot. Created by Nigeria’s Uniccon Group, the six-foot-tall...

FG’s $5 Billion Oil-Backed Loan from Aramco Stalled by Falling Oil Prices and Production Woes

The Federal Government’s proposed $5 billion oil-backed loan from Saudi oil giant Aramco has been significantly delayed, as declining oil prices and underwhelming domestic...

Lease Controversy Rocks Rivers Port Terminal Concession

A growing controversy has engulfed the concession of Terminal B at the Rivers Port in Port Harcourt, as federal lawmakers and regulators intensify investigations...

Fortuna Mining Acquires Strategic Stake in Awalé Resources, Strengthening West African Exploration Position

In a bold move to deepen its footprint in West Africa, Fortuna Mining Corp. (TSX: FVI; NYSE: FSM) has acquired a 15% equity stake...

Nigeria to Host Inaugural International Civil Service Conference, Aiming to Drive Public Sector Innovation

Nigeria is set to host the maiden edition of the International Civil Service Conference from June 25 to 27, 2025, in Abuja, in what...
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