Author: Elan
The International Chamber of Commerce (ICC) tribunal in Paris, France, has ruled in favour of Nigeria in the $2.35 billion claim brought by Sunrise Power over the Mambilla hydropower project. The tribunal dismissed Sunrise Power’s claims against Nigeria and also ordered the company and its promoter, Leno Adesanya, to reimburse the Nigerian government for 75 per cent of the legal fees and expenses it incurred in the arbitration. According to TheCable, the award was issued on Thursday. Follow us on WhatsApp | LinkedIn for the latest headlines In its final decision, signed by the three-member tribunal, the panel rejected Sunrise’s…
Washington came surprisingly close this week to writing a dollar amount into one of its thorniest crypto ethics rule debates.Under the final Senate draft of the CLARITY Act, senior federal officials holding equity worth at least $15,000 in certain businesses that issue or sponsor digital assets would have had to sell that interest or place it into a qualified blind trust. Their spouses would have faced the same restriction, but their adult children wouldn’t.The bill failed to advance on Sept. 15, so none of this became law. But the language is revealing because CLARITY was primarily supposed to establish who…
A decade ago, influencers and creators did not have the kind of authority they have today. If a restaurant said it served the best food in Lagos, you mostly had to take its word for it. If a phone brand promised a better camera or longer battery life, the explanation usually came from the company selling the device. That relationship has changed. Today, consumers hear about a product or business from someone who has tested it, criticised it or built enough trust to influence how people see it. In some cases, that opinion can carry almost as much weight as…
My phone and Android Auto go together like two peas in a pod. I use my phone all day, and the moment I get in the car, Android Auto becomes an extension of it on my dashboard. Maps, music, messages, calls — I’m so used to the two working together that I rarely stop to think about where my phone ends and Android Auto begins. Until Android Auto decides to play by its own rules. That’s usually when I remember that Android Auto isn’t simply my phone on a bigger screen. Things that feel completely normal on my phone can…
Algiers has begun to spell out the case behind its rupture with Abu Dhabi, alleging attempts to influence the 2019 and 2024 presidential elections. The claims are explosive – but the account carrying them provides little evidence of how the operations supposedly worked. By Arezki Saïd Abdelmadjid Tebboune, in Algiers, on 2 November 2022 © AFP Published on September 19, 2026 at 14:01 pm (GMT +1) When Algeria broke diplomatic relations with the United Arab Emirates on 10 September, it cited “provocative and hostile acts” but offered few specifics. The dispute had been building for years, fuelled by Abu Dhabi’s…
Listen to this article Tokyo is redefining its engagement with Africa, transitioning from traditional aid-based approaches to strategic venture capital (VC) investments focused on long-term partnerships, innovation and capacity building. Several Japanese private companies are making Japan’s presence felt in Africa’s VC landscape, particularly in high-growth sectors such as fintech, climate tech and mobility. Growing demand for innovative, technology-driven solutions in Africa has drawn increasing interest from international investors. VC funding in Africa rose from over US$2 billion in 2019 to a peak of US$5.2 billion in 2022. Though investment declined to around US$3.6 billion in 2023, the continent’s start-up…
Madica, a structured investment program for pre-seed African startups, has announced 5 new investments, expanding its portfolio into Algeria and Cameroon for the first time, while strengthening its presence across Africa. Spanning 4 markets and sectors ranging from HR technology and financial services to semiconductors and the circular economy, the 5 startups reflect the diversity of innovation shaping Africa’s future: Talenteo (Algeria), co-founded by Louai Djaffer, is an all-in-one HR management platform helping medium-sized and mid-market businesses across Francophone Africa digitise and streamline human resources management. Paysika (Cameroon), co-founded by Roger Nengwe and Stezen Bisselou, is a digital neobank…
Living with drought: can technology save African agriculture? – African Business Living with drought: can technology save African agriculture? – African Business
Coinbase wants to bring 24/5 perpetual futures trading to individual US stocks, with its proposed contracts now awaiting regulatory approval.
Nigeria is planning to assemble some of the ground equipment needed for its next two communications satellites, as it seeks to build more local capacity around its space programme. Nigerian Communications Satellite Limited (NIGCOMSAT) has selected US satellite communications company Hughes Network Systems’ JUPITER ground system to support the NIGCOMSAT-2A and 2B satellites, expected for launch in 2028 and 2029. Hughes will provide technical and engineering support for a facility in Nigeria that will assemble satellite terminals. The terminals, which include antennas and other equipment that transmit signals to satellites and receive them on Earth, will form part of the…