In a significant development highlighting Japan’s expanding interest in Africa’s emerging technology landscape, specialist venture capital firm Uncovered Fund has formed a strategic alliance with corporate investment arm Monex Ventures to establish a ¥3 billion (approximately $20 million) investment vehicle targeting early-stage enterprises across Africa and the Middle East North Africa (MENA) region. The newly […]

Executive Summary President Bola Tinubu has permanently abolished the controversial 5% excise duty on telecommunications services, representing a significant policy reversal aimed at reducing the financial burden on Nigerians and boosting growth in the country’s digital economy. The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, announced the decision during a media briefing […]

Uganda has officially entered the global gold mining arena with the opening of its first large-scale gold mine, marking a transformative moment for the nation’s resource sector. The Wagagai Gold mining project in eastern Uganda represents a pivotal transition from small-scale artisanal operations to industrial-scale production, positioning the country as an emerging player in the […]

Nigeria’s banking sector has emerged as the undisputed champion of renewed investor confidence, capturing a remarkable $3.1 billion—representing 55.44% of total capital importation—in the first quarter of 2025. This unprecedented surge reflects the success of sweeping economic reforms implemented under Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, whose bold interventions since October 2023 have […]

A groundbreaking renewable energy initiative is taking shape in the heart of Africa as UAE-based Global South Utilities (GSU) officially breaks ground on a transformative 50-megawatt solar photovoltaic power plant in Sakaï, Central African Republic. This landmark project represents far more than an infrastructure development—it embodies hope for millions of Central Africans who have long […]

The recent high-level talks between Minister of Investment and Foreign Trade Hassan El-Khatib and Ivorian Minister of Foreign Affairs Kacou Houadja Léon Adom mark a significant moment in the burgeoning relationship between Egypt and Côte d’Ivoire. The discussions, which centered on strengthening economic and investment cooperation, signal a strategic effort to move beyond traditional diplomatic […]

Minister of Electricity and Energy, Dr. Kgosientsho Ramokgopa, has delivered a powerful message of hope to the nation, assuring South Africans that the country is finally on a path to definitively ending the long-standing load shedding crisis. Speaking at a recent media briefing, the minister conveyed a sense of cautious optimism, stating, “We are in […]

The official unemployment rate in South Africa has risen for the second consecutive quarter, reaching 33.2% in the April-June period of 2025. This increase, up from 32.9% in the first quarter, places the country among those with the highest jobless rates in the world and underscores one of the most formidable challenges facing its year-old […]

In a compelling study published in the journal Agrekon, researchers from Stellenbosch University and Mendel University in Brno, Czech Republic, have issued a strategic warning: South Africa’s current approach to agri-food exports to the European Union may be reaching its limit. The report highlights that despite South Africa’s status as the EU’s largest trading partner […]

Nigeria has marked a significant milestone in its journey toward economic diversification, reporting a total of 663 million metric tonnes of non-oil products exported to 11 member states of the Economic Community of West African States (ECOWAS) in the first half of 2025. This impressive figure, announced by the Nigeria Export Promotion Council (NEPC), underscores […]