Tag: Business News

African Startups Secure $254 Million in May, Egypt Leads Investment Wave

African startups successfully raised a total of $254 million in May 2025, marking a notable month for the continent's burgeoning tech ecosystem with Egypt...

Business Africa

NDIC Begins Long-Awaited Liquidation Dividend Payments to Premier Commercial Bank Creditors, “25 Years After Closure”

In a significant development for Nigeria’s banking sector and its long-term creditors, the Nigeria Deposit Insurance Corporation (NDIC) has officially commenced the payment of...

Business Africa

Aleppo Rising: With Sanctions Lifted, Syrians Dare to Dream Again

After years of silence and shattered stone, Aleppo is beginning to breathe again. Once Syria’s industrial heartbeat and a symbol of cultural splendor, the...

Business Africa

Africa’s Skies at a Crossroads: Boeing Holds Ground as Airbus Rises

Africa’s aviation landscape is entering a new chapter. For decades, American aerospace giant Boeing has enjoyed a dominant position across the continent, supplying roughly...

Business Africa

Nigeria to Launch $800 Million Chinese-Funded Lithium Processing Plants, Boosting Domestic Industrial Growth

Nigeria is set to inaugurate two major lithium processing plants in 2025, backed predominantly by Chinese investment, marking a strategic shift from raw mineral...

Business Africa

Egypt and South Africa Lead Africa’s Smartphone Market Growth as Nigeria Faces Challenges in Q1 2025

Africa’s smartphone market demonstrated continued momentum in the first quarter of 2025, with total shipments reaching 19.4 million units, a 6% year-on-year increase marking...

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