MTN partners Synamedia to launch new streaming platform in Africa
MTN Group, the largest mobile operator in Africa, announced on Monday that it has formed a strategic alliance with UK-based video software company Synamedia to create a new streaming platform…
Nigeria’s debt jumps by 48.6% in 2024, now ₦144.6 trillion
Nigeria’s public debt surged by 48.6% in 2024, reaching an all-time high of ₦144.6 trillion, as shown by data from the Debt Management Office (DMO). The sharp rise was largely…
Trump’s 14% tariff on Nigeria sparks concern for non-oil exports
In what he referred to as “Liberation Day”, the United States President, Donald Trump has imposed a global tariff on all U.S. trading partners, including a 14% tariff against Nigeria,…
South Africa will not retaliate new US trade tariffs
South Africa currently has no plans to respond immediately to the tariffs imposed by President Donald Trump this week. Instead, senior government officials indicated on Friday that the country will…
Africa’s start-ups record just $50 million in March 2025, new four year low
Start-ups in Africa recorded just $50 million in funding in March 2025—the lowest monthly tally since late 2020, according to a new report by Africa: The Big Deal.This marks a…
South Africa’s PIC Invests $40 Million in Africa50
South Africa's Public Investment Corporation (PIC) has invested $40 million in Africa50, a pan-African infrastructure investment platform. The South Africa's PIC manages assets worth $141.5 billion. With this investment, made…
JP Morgan to convert Lagos office into full business branch
JP Morgan Chase & Co., an American multinational bank, is strengthening its African expansion by converting its Lagos office into a full-fledged business branch. According to African Intelligence, JP Morgan…
World Bank and Raxio Group to boost Africa’s Digital Infrastructure with new $100 million investment
The International Finance Corporation (IFC), the private investment arm of the World Bank, has announced a $100 million investment in Raxio Group, a data center developer and operator in Africa…
US slams new trade tariffs on Nigeria, others
U.S. President Donald Trump has declared a standard 10% tariff on all imports into the United States, in addition to more stringent, country-specific reciprocal tariffs targeting nations that levy higher…
Ghana’s inflation eases for third straight month, now 22.4%
Ghana's annual consumer inflation rate decreased for the third consecutive month, falling to 22.4% in March from 23.1% in February, as reported by the statistics agency on Wednesday. This decline…
