In a significant move that underscores its commitment to a greener future, TotalEnergies has announced a major investment in Uganda’s energy sector through a new partnership with Bujagali Energy Ltd. This agreement highlights TotalEnergies’ strategic push to expand its renewable energy footprint across Africa and marks a pivotal moment for Uganda’s energy landscape. A Bold […]

In a significant stride towards combating climate change in Africa, Helios Investment Partners has secured an initial $200 million for its climate mitigation and adaptation projects. This funding, backed by Britain’s development bank, the European Investment Bank, and other prominent climate investors, marks a crucial step in mobilizing resources to foster sustainable development across the […]

In a remarkable display of enthusiasm and entrepreneurial zeal, the Federal Government’s relaunched N100 billion restructured Nigeria Youth Investment Fund (NYIF) has attracted an incredible 80,000 applications within just 72 hours. This surge of interest underscores the immense drive among young Nigerians to seize opportunities and embark on innovative ventures. Government Initiatives and Youth Engagement […]

In the bustling heart of Lagos, Nigeria, a multi-billion-dollar saga is unfolding, pitting Africa’s wealthiest man, Aliko Dangote, against the Nigerian government. At the center of this high-stakes drama is the Dangote Petroleum Refinery, a $20 billion project that promised to transform Nigeria’s oil industry. However, the refinery is now entangled in accusations of monopolistic […]

In a significant development for Nigeria’s automotive industry, the Electric Motor Vehicle Company (EMVC) has secured $275 million in Foreign Direct Investment (FDI). This landmark investment, announced by the company’s Chief Innovation and Technical Officer (CITO), Professor Chinedu Ochinanwata, during a press briefing in Beijing, China, marks a pivotal step towards revolutionizing Nigeria’s automotive sector. […]

In a strategic move to rejuvenate its economy, Nigeria is planning to issue a diaspora bond worth up to $500 million. Announced by Finance Minister Olawale Edun, this ambitious initiative is part of a broader strategy to stabilize the economy and stimulate growth. Scheduled for issuance in the third quarter of the year, this dollar-denominated […]

A Continental Call to Action The United Nations World Tourism Organization (UNWTO) has launched a groundbreaking initiative aimed at elevating Africa’s tourism profile and unlocking its vast investment potential. This strategic move, driven by the Regional Commission for Africa’s forum, marks a significant moment in the continent’s tourism landscape. The forum, themed “Promoting Africa to […]

In a move that has electrified the East African business landscape, Tanzanian billionaire Mohammed “Mo” Dewji has announced a monumental $100 million investment into the Rwandan economy. This significant commitment by the chairman of MeTL Group, Tanzania’s largest conglomerate, underscores his confidence in Rwanda’s impressive economic trajectory. Dewji, renowned for his keen business acumen and […]

In a move sparking heated debate, the Nigerian government is proposing a hefty 50% tax on banks’ foreign exchange (FX) gains from 2023. This surprise announcement, championed by Finance Minister Wale Edun and FIRS Chairman Zacch Adedeji, aims to balance the country’s struggling economy, but some fear it could be a risky tightrope walk. Balancing […]

Lithium: The “White Gold” of the Electric Vehicle Revolution Lithium, often referred to as “white gold,” is a game-changer in the electric vehicle (EV) revolution. Its lightweight and high electrochemical potential make it a cornerstone for rechargeable batteries, which are the heart of EVs. With environmental concerns driving the shift towards cleaner energy and government […]