AI startups building practical applications on large language models are seeing explosive growth, drawing billions in investment and transforming how businesses and consumers interact with technology. From coding tools to AI-powered search engines, these agile companies are scaling faster than any previous tech wave.
Nigeria and Japan have signed a $30.9 million deal to boost startups and support social enterprises. The partnership includes a new innovation hub in Abuja and a long-term fund for social impact ventures.
J.P. Morgan has advised investors to reduce exposure to Nigerian assets, citing increased macroeconomic risks from falling oil prices and global trade tensions. The bank’s latest report warns of currency pressure and potential capital flight if conditions worsen.
Gold has surged to an all-time high of $3,200 per ounce as investors rush to safe-haven assets amid escalating U.S.-China trade tensions. Meanwhile, Bitcoin is making headlines too, rising 16% over the past year. Could this be the new normal for global markets?
AfriLabs has received a generous $150,000 donation from the Airbnb Community Fund. The funding will help strengthen Africa’s innovation ecosystem by supporting tech hubs and entrepreneurs across the continent.
Nigeria’s top corporates—including MTN, Dangote, Nestlé, and BUA—lost a staggering N2.17 trillion to forex pressures in 2024, as naira devaluation redefined bottom-line performance across key sectors.
The ECOWAS Bank for Investment and Development (EBID) has approved €230 million and $10 million to fund key projects across West Africa, including SME support in Nigeria, cashew processing in Benin, and a major rail link between Nigeria and Niger.
Discover how Microsoft’s Copilot AI just got smarter with 10 powerful new features. From writing and coding to task management, here’s what’s new.
Can local investors drive Africa’s tech revolution? Benue Capital thinks so—and they're proving it in Uganda. By mobilizing homegrown wealth and debunking myths around tech startups, they're helping high-net-worth individuals shift from land to laptops, funding African solutions for African problems.
After two earlier attempts, Henri Ousmane Gueye finally wins big at the 2024 Africa’s Business Heroes Prize Competition, taking home $300K for EyOne, his groundbreaking health-tech company making waves in Senegal’s healthcare sector.