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Business

Startups, markets, fintech and the economic forces driving Africa forward.

Business

Nigerian Farmers Receive Critical Inputs: Halting Food Insecurity

In a decisive move to bolster food security and empower rural communities, Nigeria's federal government, in partnership with IFAD-VCDP, has commenced the distribution of essential farm inputs to nearly 2,000 farmers in Nasarawa State. This initiative is set to significantly enhance agricultural productivity and strengthen local value chains. It underscores a commitment to fortifying the nation's agricultural backbone against prevailing economic challenges.

Blueprint · Jul 15
Business

Abuja Uni, NiMet Partner for Climate Innovation

The University of Abuja and the Nigerian Meteorological Agency are deepening their collaboration to tackle climate change. This strategic partnership aims to drive smart climate projects, essential for Nigeria's environmental resilience and sustainable development. Their joint efforts signal a commitment to local solutions for global challenges.

Blueprint · Jul 15
Business

EU Gold Sanctions Target Sudanese War Economy

In a decisive move, the European Union has imposed a ban on Sudanese gold imports, aiming to disrupt the financial streams fueling the ongoing conflict. This strategic sanction also restricts crucial mining chemicals, directly impacting the mechanics of Sudan's illicit gold trade. The EU's action underscores a commitment to peace by choking off the war's economic lifeblood.

BBC Africa · Jul 14
Business

Diamond Giant De Beers Halts South African Operations Amid Plummeting Demand

De Beers, a cornerstone of South Africa's mining sector, is suspending operations at its flagship Venetia mine for two years. This drastic move, impacting over 4,000 jobs, underscores the global luxury market's downturn and its ripple effect on African economies. The decision highlights the volatile nature of commodity markets and the need for economic diversification across the continent.

BBC Africa · Jul 14
Business

NYSC Director-General Urges Corp Members to Embrace Entrepreneurship

Nigeria's youth service members are being encouraged to explore entrepreneurship and cultivate multiple income streams. The Director-General of the National Youth Service Corps (NYSC) highlights the dignity of labor, urging participants not to overlook small businesses with high growth potential. This initiative aims to empower young Nigerians to build sustainable livelihoods and contribute to the nation's economic landscape.

InformationNG · Jul 14
Business

Nigerian Innovator Unveils Trust-Minimized Bitcoin Layer for African Market.

Nigerian researcher Heritage Falodun introduces Tage_Root, a groundbreaking Bitcoin Layer 2 framework tailored for African fintech. This innovation addresses critical bridge challenges and unlocks BTC-denominated yield, promising a new era of trust-minimized transactions and investment opportunities across the continent. Falodun's work highlights Africa's growing influence in global blockchain innovation.

Techpoint Africa · Jul 14
Business

Nigeria Ignites Green Energy Revolution With Off-Grid Challenge

All On, a major force in Nigeria's energy sector, has launched a critical initiative: the 2026 Off-Grid Energy Challenge. This move aims to supercharge clean energy innovation, directly addressing Nigeria's power deficit. It signals a robust commitment to sustainable development and economic growth across the nation.

Techpoint Africa · Jul 14
Business

Tanzanian Ed-Tech Disruptor eBeLl AI Redefines Global Learning with Multilingual Platform

Tanzanian innovator Bell Sugwa, 22, is democratizing education globally with eBeLl AI, an autonomous multilingual learning platform. His startup bypasses traditional localization hurdles, instantly delivering comprehensive educational content in 30 languages. With zero marketing spend, eBeLl AI is rapidly expanding its reach, showcasing the power of African innovation in ed-tech.

Disrupt Africa · Jul 14
Business

itel Power 80: African Tech Tackles Real-World Durability Test

itel's new Power 80 smartphone undergoes rigorous, real-world testing with Lagos firefighters, proving its durability in extreme conditions. This innovative approach moves beyond lab certifications, demonstrating resilience where it matters most. For African consumers, it highlights a commitment to robust technology for everyday challenges.

InformationNG · Jul 14
Business

Kenyan Court Slams Safaricom, DTB for SIM Swap Fraud

A landmark Kenyan court ruling mandates Safaricom and DTB to compensate a SIM swap victim, setting a precedent for digital security accountability. This decision reverberates across the African fintech landscape, urging stricter consumer protection measures. Meanwhile, African tech firms like Payaza expand globally, signaling a new era of digital innovation.

Techpoint Africa · Jul 14
Business
Business

Matapi Makeover: Zimbabwe's Urban Renewal Sets New Standard

Zimbabwe's Matapi Flats refurbishment earns accolades, showcasing a powerful public-private partnership model for urban renewal. This project exemplifies how collaboration can effectively tackle Africa's persistent housing challenges, setting a precedent for future development across the continent. It's a testament to progress in modern African infrastructure.

AllAfrica - Latest · Jul 14
Business
Business

Insight Terra: South Africa's AI Powerhouse Revolutionizing Risk Assessment

Cape Town's Insight Terra is leveraging AI, satellite imagery, and sensor networks to transform environmental risk assessment for investors and operators. This innovative startup tackles the challenge of raw, complex data, converting it into actionable intelligence crucial for safeguarding high-consequence assets in Africa and beyond. Their cutting-edge platform ensures data integrity and provides unparalleled insights into critical infrastructure.

Disrupt Africa · Jul 14
Business
Business

Zambian Tech Soars: Dnlas Enterprise Taps Global Incubator for Growth.

Zambia's Dnlas Enterprise, a pioneer in digital efficiency, has joined FasterCapital’s prestigious EquityPilot programme. This collaboration is set to fast-track its product development and market penetration, addressing critical local needs with innovative solutions. The partnership signals a new era for Zambian tech, empowering startups to achieve global readiness.

Disrupt Africa · Jul 14
Business

Dangote's Bold Move Propels Nigeria's Energy Transition Forward

Nigeria is actively pursuing a cleaner energy future, aligning with global efforts to decarbonize economies. The nation's Energy Transition Plan signals a clear commitment to sustainable development. This ambitious shift is gaining significant momentum, spurred by key players like the Dangote Group, who are shaping Nigeria's pathway to a greener economic landscape.

AllAfrica - Latest · Jul 13
Business

Flutterwave Nabs Circle Investment, Propelling African Digital Payments Powerhouse

Nigerian fintech giant Flutterwave has secured a strategic investment from Circle Ventures, reinforcing its mission to embed USDC settlement directly into Africa's payment infrastructure. This move solidifies Flutterwave's position as a continental leader, driving digital payment innovation and connecting African businesses to the global economy. The partnership is set to unlock new opportunities for cross-border transactions and financial inclusion across the continent.

Disrupt Africa · Jul 13
Business

SA Youth Advance Program Ignites Entrepreneurship, Targets Unemployment

A new initiative, Youth Advance, launches in South Africa to empower young entrepreneurs and combat joblessness. Partnering with industry leaders, the program offers crucial business development, financial literacy, and mentorship, aiming to cultivate sustainable ventures in Gauteng. This timely intervention bolsters the next generation of African business leaders.

Disrupt Africa · Jul 13
Business

Egyptian Mobility Startup Tawsela Joins Elite EquityPilot Program

Egyptian transport innovator, Tawsela, has been selected for FasterCapital's prestigious EquityPilot program. This strategic partnership aims to revolutionize urban mobility in Egypt, enhancing both passenger experiences and driver operations through advanced technological implementations. The collaboration underscores a commitment to sustainable transport solutions and robust ecosystem engagement, setting a new benchmark for regional startups.

Disrupt Africa · Jul 13
Business

Rwanda's Jimvio pioneers AI for African creator monetization

Jimvio, an AI-powered platform from Rwanda, is revolutionizing how African creators, entrepreneurs, and brands monetize online. By consolidating essential tools for e-commerce, affiliate marketing, and community building, Jimvio simplifies digital business and empowers Africans to thrive in the digital economy. This innovative solution streamlines operations, making it more accessible and affordable to build and scale online ventures across the continent.

Disrupt Africa · Jul 13
Business

Renew Capital spotlights 15 African startups poised to redefine finance

In a competitive field of over 500 applicants, Renew Capital has selected 15 pioneering African tech startups for its inaugural Venture Lab: EmFi Series. This initiative underscores Africa's burgeoning tech ecosystem, identifying companies from ten nations set to transform small business finance. Renew Capital continues its commitment to nurturing bold founders leveraging technology for continental growth.

Disrupt Africa · Jul 13
Business

SchoolTry: EdTech Startup Revolutionizes African Education with Bold Expansion

Nigerian startup SchoolTry, spearheaded by Ismail Eleburuike, is rapidly transforming Africa's educational landscape. Their innovative operating system, initially for K-12, has found massive success in higher education, significantly boosting revenue and impact. This strategic pivot highlights the immense potential for tailored EdTech solutions across the continent.

Techpoint Africa · Jul 13
Business

Kenya's Copyright Stance on AI Ignites IP Debate Across Africa

Kenya has declared that AI-generated works are ineligible for copyright protection, setting a precedent that could ripple across the continent. This decision sparks critical conversations on intellectual property ownership in the age of artificial intelligence, impacting creators and innovators alike. Meanwhile, Disney+ expands its reach into South Africa, hinting at a growing digital economy.

Techpoint Africa · Jul 13
Business

Entrepreneurship: The African Engine of Innovation and Growth.

Beyond mere profit, entrepreneurship is a transformative mindset—a commitment to value creation that drives national productivity. This piece delves into the dual forces of resourcefulness and risk-taking, essential for navigating Africa's dynamic business landscape. Understand how these tenets are fueling a new generation of African trailblazers.

Tribune Online · Jul 13
Business

Dangote Refinery: Fueling Africa's Future, Challenging Global Trade Norms

Aliko Dangote's mega-refinery is an undisputed game-changer, processing and exporting fuel across West Africa and to Europe. This monumental private enterprise starkly contrasts Nigeria’s failing state-owned facilities, dramatically reshaping the continent's energy landscape. It highlights a critical paradox in domestic supply versus global trade influence.

Tribune Online · Jul 13
Business

Nigerian Banks Park Trillions at CBN Amidst Excess Liquidity Battle

Despite the Central Bank of Nigeria's tightening measures, the nation's banking sector continues to grapple with surplus cash, depositing a staggering N4.15 trillion with the CBN last week. This persistent excess liquidity poses a significant challenge to monetary policy, indicating banks are overflowing with funds rather than lending them to spur economic growth. The surge in these deposits highlights the ongoing struggle to channel capital effectively within Nigeria's financial system.

Tribune Online · Jul 13
Business

Nigeria's $59 Billion Crypto Boom: A Global Player Emerges

Nigeria solidifies its position as a global leader in digital assets, with citizens now holding an estimated $59 billion in cryptocurrency. This significant accumulation highlights the nation's rapid adoption of blockchain technology and its growing influence in the digital economy. The Financial Derivatives Company (FDC) data underscores a pivotal shift in financial engagement across Africa.

Tribune Online · Jul 13
Business

Dangote Cement Boosts Kogi Healthcare with New Multi-Million Naira Hospital

Nigerian industrial giant, Dangote Cement, makes a significant social investment in Kogi State with the unveiling of a new state-of-the-art hospital. This multi-million naira facility underscores the company's commitment to community development and strengthens healthcare infrastructure in the region, setting a precedent for corporate social responsibility in Africa.

Blueprint · Jul 13
Business

Oil Security Boosts Nigeria's Economy and Regional Stability

Tantita Security's crucial pipeline surveillance operations are galvanizing stakeholders across Nigeria's oil sector. Their efforts are not only securing vital national infrastructure but also ushering in a new era of stability and economic growth for the Niger Delta. This strategic intervention is pivoting Nigeria from revenue loss to predictable economic planning.

Tribune Online · Jul 13
Business

Nigerian Manufacturing Fuels Q1 VAT Surge, Signaling Robust Economy

Nigeria's Q1 VAT collections soared to ₦2.42 trillion, with the manufacturing sector leading the charge. This significant growth, buoyed by improved tax administration, highlights the sector's pivotal role in the nation's economic vitality and burgeoning market strength. The impressive figures underscore a resilient and expanding Nigerian enterprise landscape.

Tribune Online · Jul 13
Business

Nigeria's Tax Reforms Drive Compliance, Boost Economic Outlook

One year after comprehensive tax reforms, Nigeria's Revenue Service recommits to voluntary compliance. This strategic move, underpinned by extensive taxpayer education, aims to solidify economic gains and foster a more robust fiscal environment crucial for growth.

Tribune Online · Jul 13
Business

Nigeria's Small Industries Choked by Imports and High Interest Rates

Nigerian industrialists lament that domestic manufacturing is struggling against a tide of imports and crippling interest rates. Experts highlight a critical lack of government support for the processing sector, making local production unprofitable. This continues to hinder the growth of small industries and stifle economic diversification across the nation.

Tribune Online · Jul 13
Business

Importers Association Excluded from Nigeria's Single Window System

Nigeria's Importers Association (IMAN) decries its exclusion from the National Single Window (NSW) system, claiming it leads to exploitation by clearing agents. The NSW committee, however, disputes IMAN's allegations, stating no formal communication has been received from the association. This dispute highlights ongoing challenges in streamlining Nigeria's import processes.

Tribune Online · Jul 13
Business

Power surge in Ondo reveals true impact of rural electrification

Beyond mere access, reliable electricity in Nigeria's rural communities sparks transformative change. A deep dive into Ondo's Kolawole Community uncovers profound shifts across livelihoods and social structures. This case study offers vital lessons for infrastructure development on the continent.

Tribune Online · Jul 13
Business

Calabar-Abuja Superhighway: Umahi Promises Halved Travel Time, Boost to Nigerian Economy

Nigeria's Minister of Works, David Umahi, has affirmed a dramatic reduction in travel time between Ebonyi State and Abuja with the completion of the Calabar-Abuja Superhighway. This ambitious infrastructure project is set to significantly enhance connectivity, facilitate trade, and drive economic growth across multiple Nigerian states. The superhighway represents a critical investment in Nigeria's future, promising greater efficiency and prosperity.

Tribune Online · Jul 13
Business

Nigeria Cracks Down on Illegal Mining in Osun

In a decisive move against illicit resource exploitation, Nigeria's Federal Government has apprehended two suspects at an illegal mining site in Osun State. This operation signals an intensified nationwide crackdown, demonstrating a firm commitment to regulating the solid minerals sector and safeguarding national assets. The arrests underscore the government's resolve to bring order and accountability to the industry.

Tribune Online · Jul 12
Business

MeCure targets N50bn capital boost for West African expansion

Nigerian pharmaceutical powerhouse MeCure Industries is set to raise its capital target to N50 billion, cementing its ambitious expansion plans across Nigeria and West Africa. This strategic move follows a stellar financial year, marked by a 177% profit surge and significant revenue growth, underscoring the company's robust market position and future potential within the region's healthcare sector.

Tribune Online · Jul 12
Business

Sevilla's Financial Woes Force Sale of Nigerian Talent Akor Adams

La Liga giant Sevilla, plagued by financial difficulties, is offloading Nigerian forward Akor Adams to stabilize its balance sheet. Despite his potential, the club prioritizes income generation, with Italian side Venezia offering a compelling package. This strategic move aims to alleviate Seville's economic pressures and facilitate future squad planning.

NotJustOk · Jul 12
Business

Cross River Boosts Agricultural Exports with Tech-Driven Transparency

Cross River State is revolutionizing its agricultural sector, embedding technology for transparent and competitive global trade. This strategic move aims to attract vital investment, fortify exports, and enhance food security across the region. By institutionalizing advanced traceability systems, the state signals a new era for African agribusiness.

Blueprint · Jul 12
Business

Nigeria Soars with Africa's Largest Private Jet Fleet, Eyes Maintenance Hub

Nigeria's aviation sector is taking flight, now boasting Africa's largest private jet fleet. Aviation Minister Festus Keyamo reveals plans to establish a major aircraft maintenance hub, aiming to slash foreign exchange spending and create jobs. This strategic move positions Nigeria as a regional leader in business aviation services.

InformationNG · Jul 12
Business
Business

Mining Crackdown: South Africa Arrests 70 in Illegal Operation

South African authorities have launched a major raid on illicit mining activities in Mohlakeng, leading to over 70 arrests. This significant operation targets ongoing challenges with illegal mining that impact both the economy and local communities. The arrests signal a renewed effort to bring order and legitimate business practices to the nation's resource sector.

AllAfrica - Latest · Jul 11
Business
Business

BRVM Surges: Ecobank Leads West African Market Boom

West Africa's stock exchange, BRVM, is witnessing impressive gains, signaling robust investor confidence. Ecobank Transnational Inc. spearheads this upward trend, reflecting significant opportunities across African markets. These movements offer crucial insights for regional and international investors.

AllAfrica - Latest · Jul 11