Dangote becomes 65th richest man in the world
Business Mogul Alhaji Aliko Dangote has become the 65th richest man in the world according to Billboard's Top 500 billionaires index report released yesterday.According to the report, Dangote's net-worth skyrocketed…
Nigeria partners China to build new steel plant
Inner Galaxy Steel Company Limited, a Chinese firm, has announced plans to invest $300 million in establishing a new steel plant in Ogun State, Nigeria. This development was revealed by…
Tech firm Ampersand opens new manufacturing facility in Nairobi
African electric vehicle (EV) technology company Ampersand has announced the opening of a new, larger manufacturing facility in Nairobi, tripling the company’s production capacity in Kenya.This strategic expansion meets the…
Yellow Card to expand operations with $33M funding
African cryptocurrency startup Yellow Card has closed its Series C funding round after raising $33 million from a group of investors led by Blockchain Capital.Other investors in the round include…
Shell to remain in Nigeria despite Onshore Divestment
Shell Petroleum Development Company (SPDC) has reiterated its commitment to Nigeria, despite plans to divest from its onshore oil assets. Speaking at the 30th Nigerian Economic Summit in Abuja, the…
Why digital mobile payment is booming in Africa
Mobile payments have been booming in Africa over the past few years, revolutionising the way people conduct transactions and manage their finances. Several key factors contribute to this rapid growth…
Untapped Business Opportunities in Africa’s Rising Green Energy Sector
With an abundance of sunlight and a growing need for sustainable energy solutions, Africa is witnessing a significant surge in solar energy adoption to address energy deficits, promote economic development,…
SEC to ease crowdfunding rules for small firms
The Security and Exchange Commission (SEC) has announced plans to ease crowdfunding rules for small firms in Nigeria. The director of SEC, Dr Emomotimi Agama made the announcement in an…
Djibouti to build major solar plant with Egyptian deal
Egypt and Djibouti have formalized an agreement to construct a 276.5-kilowatt solar power plant in Djibouti, a project aimed at enhancing Djibouti's energy infrastructure and further solidifying both nations' commitment…
Online retailer Jumia to exit South Africa and Tunisia
Africa-based online retailer Jumia Technologies will close South African online fashion retailer Zando and its operations in Tunisia by the end of the year.The decision to close operations was announced…
