2021-04-15 09:58
In the 170 years since Western Union was founded, no company has managed to solve two basic problems that continue to bedevil the remittance business — exorbitant fees and slow deposit… Read More
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2021-04-15 09:51
Paternalism and racism must be tackled if the EU is to rebuild trust with a young, economically dynamic continent Read More
2021-04-14 11:42
Twitter Inc. is planning to hire its first product and engineering team in Africa, an effort to expand its workforce in emerging markets where the social media company hopes to attract new u… Read More
2021-04-12 21:07
Over the last year, the COVID-19 pandemic has fueled a shift towards digital banking and mobile money. In Africa, this change in habits has international investors eyeing the lucrative oppor… Read More
2021-04-11 02:00
Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services Read More
2021-04-11 01:36
One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa&rsquo&hell…Read More
2021-04-08 09:47
Africa continues to be the global leader in mobile money services, a position boosted by the Covid-19 pandemic, which forced people to turn to digital services as a safer transaction method… Read More
2021-04-08 02:01
The $100 million investment from global payments giant Mastercard in the mobile money business arm of Airtel Africa announced last week is a sign of the rapid growth and optimism in Africa&r&hell…Read More
2021-04-07 12:53
Nigeria’s biggest lender Access Bank has invested around $60 million to acquire a stake in South Africa’s Grobank, its chief executive said last week, to become the first Nigeria… Read More
2021-04-06 18:24
A generation of young people is embracing age-old customs in a modern way and changing the narrative of Rwanda's troubled past Read More
2021-04-05 12:17
Chinese ride-hailing company DiDi Chuxing recently started operations in South Africa, according to Reuters Read More
2021-04-05 12:09
Guaranty Trust Bank Plc, Nigeria’s biggest lender by market value, plans to acquire a Kenyan lender as part of its expansion on the continent, according to the managing director Read More
2021-04-02 11:55
Imagine for a moment that time travel is possible. What would you go back and tell your younger self? Perhaps it would be to take more risks, or to not let others steal your joy. For… Read More
2021-04-01 10:08
Nigeria’s first deep sea port is at 48 percent completion and will begin commercial operations in the first quarter of 2023, an official said last month Read More
2021-04-01 09:48
Swift action and a focus on three imperatives could strengthen African banks and support recovery Read More
2021-03-31 12:27
West African film-streaming service iROKOtv will seek to list on London’s Alternative Investment Market within the next 12 months, CEO Jason Njoku says Read More
2021-03-30 11:27
Five strategic considerations to help guide insurance companies on their journey to success in Africa Read More
2021-03-27 16:29
Protestors against police brutality are still being targeted by the Nigerian government, which is itself avoiding accountability Read More
2021-03-27 16:24
For small and mid-sized restaurants in Nigeria and most of Africa, food procurement can be a complex process to manage. The system is such that a business can easily run out of money or have… Read More
2021-03-27 16:09
Thanks to the interpersonal skills of its influential founders, Donald Kaberuka and Lionel Zinsou, SouthBridge has established itself on the African continent's financial scene. But can it c… Read More
2021-03-27 16:00
Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money Read More
2021-03-27 12:13
It’s been over a month since the Central Bank of Nigeria (CBN) issued a communiqué prohibiting financial institutions from dealing with local cryptocurrency exchanges and orderi… Read More
2021-03-26 15:39
It has been tempting to count the international order out. With nationalism the de facto route to political power for so many of the world’s powerhouse economies, many view multilatera… Read More
2021-03-24 12:36
With passenger traffic in a slump, airlines are turning to freight to fill the gap -- and Kenya Airways spies an advantage in the market to deliver temperature-sensitive Covid vaccines: its… Read More
2021-03-24 12:22
Ideally, every business is expected to reach its customers effectively. However, that’s not the case, as limiting factors that hinder proper digital communication come into play at dif… Read More
2021-03-22 12:13
Rwanda is pumping money into the tourism sector, which has badly been hit by Covid-19 says Minister of Finance and Economic Planning Uzziel Ndagijimana Read More
2021-03-22 12:04
It is nearly impossible for businesses in some African countries to receive money from PayPal Read More
2021-03-22 11:48
Tanzania's President John Magufuli has died aged 61, the country's vice-president has announced Read More
2021-03-19 12:04
Teraco Data Environments, Africa’s largest data centre provider, is considering expanding to Nigeria and Kenya, CEO Jan Hnizdo said Read More
2021-03-18 09:57
It was a high hurdle to take charge, but Nigeria's former finance minister has only just begun her run Read More
2021-03-17 11:56
On Friday, Patrice Motsepe became President of the Confederation of African Football (CAF) when the South African ran unopposed in elections in Morocco Read More
2021-03-15 12:15
The Nigerian presidency, central bank, local regulators, and tech community are at odds over “money created out of thin air.” Read More
2021-03-15 12:08
Savannah Fund, a pan-African venture capital firm, on Wednesday announced a $25 million fund as it looks to back more early-stage startups on the continent Read More
2021-03-15 11:58
When Lagos imposed a lockdown last year, Nigerian civil servant Ruth Oladimeji saw a way to earn extra money. With people unable to visit banks due to the coronavirus pandemic, she became an… Read More
2021-03-13 21:10
The Eddie Murphy film Coming to America busted some clichés about the continent. But, as a sequel comes out, David Jesudason asks if Western cinema will more fully change its attitude… Read More
2021-03-12 13:34
Africa-focused payments company Flutterwave could consider a New York listing, its chief executive said after it raised $170 million from investors to expand its customer base, pushing its v… Read More
2021-03-12 13:26
Locked out of a failing job market, young Zimbabweans are turning to forex currency trading to make a living Read More
2021-03-11 12:04
Central bank phasing out sales of bills to non-residents. Cost of liquidity management too high, CBN director says Read More
2021-03-09 11:57
AfCFTA, the largest global free trade area by countries participating, could transform the continent's economic prospects Read More
2021-03-08 13:05
More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment Read More
2021-03-08 12:59
Djamo, a financial super app for consumers in Francophone Africa, is the first startup from Ivory Coast to get backing from Y Combinator Read More
2021-03-08 12:52
Having survived the murky waters of politics in Nigeria, where her mother was kidnapped to send her a message, and rising to number two at the World Bank Read More
2021-03-05 10:50
Ghanaian President Nana Akufo-Addo urged citizens of the West African state on Sunday to ignore conspiracy theories surrounding coronavirus vaccines ahead of the launch of its nationwide ino… Read More
2021-03-04 13:26
The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi, co-founders of U.S.-based and African-focused talent company Andela, wrote checks to African startups as… Read More
2021-03-03 13:31
A new Kenyan bill seeks to license and regulate digital lending platforms in the country, in a bid to clamp down on the issuance of high-interest loans as well as the predatory practices tha… Read More
2021-03-02 10:54
Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal Read More
2021-03-01 13:23
It was indeed a big day for the African startup ecosystem as it was distribution day for individual and corporate investors who invested in Paystack Read More
2021-02-28 01:55
The new head of the International Finance Corporation (IFC), a sister organisation of the World Bank dedicated to the private sector, will be an African Read More
2021-02-28 01:47
One in four people in Africa's biggest city may have had COVID-19, according to a study Read More
2021-02-28 01:25
The headline in the Detroit Free Press on March 15, 1974 — nearly 47 years ago — was clear and direct: "Stevie Wonder Plans to Move to Africa." Read More
Nigeria's Crypto Ban Fuels Mistrust In Government: Hannah Akuiyibo, Associate, Woodrow Wilson Center
2021-02-25 02:34
A central bank ban on crypto transactions is at odds with the government's goal to build a digital economy around blockchain technology Read More
2021-02-23 11:32
When Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria Read More
2021-02-23 02:33
Sub-Saharan Africa will see moderate but positive growth of 2.7% this year, a welcome rebound from the region’s first recession of 25 years in 2020 when the region shrank by an estimat… Read More
2021-02-23 02:23
Focus is online education, health care and retail, body says. Most venture-capital activity seen in East and West Africa Read More
2021-02-22 12:05
For more than half a century, the U.S. was the center of global innovation for financial technology, inventing credit cards, ATMs, and online banking. Now, however, it’s falling behind… Read More
2021-02-22 11:55
Tidjane Thiam, the Franco-Ivorian former head of Swiss bank Credit Suisse, is embarking on a new project. His blank-cheque company is launching its operations and looking for new business Read More
2021-02-19 13:02
With more than 200 startups, fintech is one of the most competitive industries in Nigeria Read More
2021-02-19 12:37
Uncovered Fund, a VC firm targeting early-stage startups in Africa, announced in Tuesday that it has launched its $15 million fund, which is expected to close at the end of June this year Read More
2021-02-13 11:16
Nigeria’s Securities and Exchange Commission has suspended previously announced plans to regulate cryptocurrencies, until those dealing in them are able to open bank accounts in the co… Read More
2021-02-13 05:00
The assault on the US Capitol by Trump supporters before the inauguration of Joe Biden has brought out the stark reality that, despite the rhetoric, some American lives matter more than othe… Read More
2021-02-12 10:52
Amazon’s next chief executive made his name by launching one of the retail behemoth’s most profitable businesses—from South Africa Read More
2021-02-12 10:40
IROKO, a Nigerian-based media company, could file to go public in the next 12 months on the London Stock Exchange (LSE) Alternative Investment Market Read More
2021-02-11 01:18
Gregory Meeks, the new chairman of the United States House Foreign Affairs Committee, has promised that the Biden administration will seek to reverse US president Donald Trump’s &ldquo&hell…Read More
2021-02-09 02:07
In the 1980s, flight lieutenant Jerry John Rawlings launched heritage tourism as a means to economic development in Ghana Read More
2021-02-09 01:51
Resilience, resurgence and results in 2021. The year of three Rs for private investment in Africa Read More
2021-02-09 01:39
US president Joe Biden’s quest for a de-Trumpification of US policies started at a fast pace, with the new president signing 25 executive orders a few hours after his inauguration Read More
2021-02-08 12:22
In a year marred by the coronavirus pandemic, it seems that early-stage startups on the African continent are continuing to see some notable growth, both in terms of their business and from… Read More
2021-02-08 12:11
As the global agricultural industry stretches to meet expected population growth and food demand, and food security becomes more of a pressing issue with global warming, a startup out of Sou… Read More
2021-02-08 12:02
Nigeria’s former Finance Minister Dr Ngozi Okonjo-Iweala is the last woman standing in the race to become the new Director-General of the World Trade Organisation after South Korea&rs&hell…Read More
2021-02-07 02:30
African countries have a longstanding tradition of oral storytelling, used to entertain and educate younger generations about culture and history Read More
2021-02-07 01:48
Transactions on cryptocurrency exchanges are prohibited. Central bank directive warns of ‘severe regulatory sanctions’ Read More
2021-02-06 01:33
A new generation of Nigerian farmers, including the likes of Kereksuk Rice Farm CEO Rotimi Williams, are shaping the country’s agricultural future Read More
2021-02-04 02:11
As the world becomes increasingly dependent on the digital connection, one group in South Africa is turning their focus to what is being taught Read More
2021-02-02 02:05
We're all meeting virtually, and Calendly has raised $350M to help us plan and track it all Read More
2021-02-02 02:01
Plans to invest 50 billion naira in exchange with partners. Investment in the exchange is to help stabilize food prices Read More
2021-02-02 02:00
In 2019, female-led companies received less than 5 percent of the global venture capital. Bringing it to Africa, only 10 percent of the West African startups that cumulatively raised $1 mill… Read More
2021-01-31 02:31
Charisma, poise and strength of character. These are but a few words to describe the man who’s treacherous journey from political prisoner to becoming the first Black president of Sout… Read More
2021-01-28 11:23
The acquisition vehicle reportedly plans on raising money from investors to buy up financial services companies in both developed countries and emerging markets Read More
2021-01-28 11:15
Complaints about brutal policing in Nigeria today echo the reaction to the shooting dead by colonial policemen of striking coalminers in 1949 and there are some who believe there is a direct… Read More
2021-01-28 11:08
The red carpet was unrolled, the hall was packed, security was tight and Joe Biden took to the stage Read More
2021-01-27 11:37
Pula, a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 millio… Read More
2021-01-26 05:05
Access Bank Plc, Nigeria’s biggest lender, has identified eight African countries for a potential expansion as it seeks to benefit from a continental-wide free trade pact Read More
2021-01-26 05:00
The division significantly outpaced other players in Kenya just three years after entering the market and continued to maintain its leading ranking in Nigeria, significantly ramping up execu… Read More
2021-01-25 11:08
While MTN's new boss Ralph Mupita has sold its stake in Jumia - a project launched by his predecessor, Rob Shuter - he is also beginning to impose his own philosophy on the South African mob… Read More
2021-01-25 10:53
ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding Read More
2021-01-25 05:00
Donald Trump’s departure from leadership was met with a collective sigh of relief, for rarely has the US been such an unpredictable, capricious, and destabilizing global force Read More
2021-01-24 05:00
In May, President Muhammadu Buhari will reach the halfway point of his second and final four-year term Read More
2021-01-24 02:16
As consumers turn to contactless alternatives to get their groceries, local grocery stores in Nigeria have adapted quickly to meet their customers online Read More
2021-01-22 11:06
Nigerian novelist Adaobi Tricia Nwaubani criticises international media coverage of the abduction of school children in Nigeria - from that of the "Chibok girls" in 2014 to that of the "Kank… Read More
2021-01-22 10:57
On 17 January 1961, just sixty years ago, the first legally elected prime minister of the DRC was assassinated after being overthrown with help from Washington Read More
2021-01-21 03:01
Meet four intrepid entrepreneurs launching innovative businesses in one of Africa's largest tech hubs Read More
2021-01-16 05:00
In 2019, Partech Africa reported that 234 tech companies in Africa raised $2.02 billion in 250 equity rounds. So coming into 2020 Read More
2021-01-15 05:00
She Livestreamed the Shooting of Peaceful Protesters in Lagos. Now in Exile, DJ Switch Is Still Fighting for the Future of Nigeria Read More
2021-01-14 12:00
In our series of letters from African journalists, media and communication trainer Joseph Warungu speaks to experts in the worlds of finance, politics and entertainment to assess prospects f… Read More
2021-01-14 10:54
Nigeria’s public spending on health care amounts to just 3.75% of its $495 billion GDP, according to the latest available figures from the World Bank Read More
2021-01-13 13:26
McKinsey, a global consulting company, says it is shocked by the weight of 'state capture' allegations surrounding its contracts at South Africa’s state-owned enterprises (SOEs), incl… Read More
2021-01-13 05:00
The Little Prince of Afrobeats grew up, transformed by the #EndSARS movement in Nigeria. His latest album "Made In Lagos" remains pure entertainment, but the artist and the man have gained i… Read More
2021-01-12 05:00
African icons held in Western museums and private collections are stories that distil understanding of the cosmos, civilisations, expressions of beauty, historical personalities, as well as… Read More
2021-01-11 14:14
If we talked about the storming of the Capitol in Washington the same way we talk about political violence in a foreign country, here’s how Western media would have covered it. Many of… Read More
2021-01-11 14:06
Timaya came from the creeks of Nigeria's Niger Delta, pushing to be heard on his own terms. He's spent 15 years successfully chasing and spreading that originality from Lagos to Kingston. Ho… Read More
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