PaidHR, a Nigerian startup revolutionizing HR management, has raised $1.8 million in seed funding led by Accion Venture Lab. The company plans to expand its market reach, develop new products, and strengthen customer support.
Defying expectations, Ghana’s cedi has become the world’s strongest currency in 2025, fueling economic growth, easing inflation, and improving living costs for Ghanaians.
Kenya’s Peach Cars is transforming Africa’s used car market with a $11 million funding boost. Backed by Suzuki and JBIC, the startup is building a transparent, tech-driven marketplace that promises to restore trust and reshape vehicle ownership across the region.
Nigeria has injected N1.5 trillion into the Bank of Agriculture and invested over N200 billion in nationwide agricultural interventions to boost food security and empower farmers. The country is also deepening regional partnerships, with The Gambia seeking to adopt Nigeria’s rice production model as part of its 2030 food self-sufficiency drive.
Venture capital is changing, and seed investors like Charles Hudson are rethinking how long to hold their winners. As limited partners push for faster liquidity, smaller funds face new pressures to sell earlier, reshaping traditional strategies.
Solar startup Wetility raises R500 million to expand affordable solar access across South Africa, helping homes and businesses break free from energy insecurity.
Visa has appointed Aminata Kane as Senior Vice President and Head of Western and Central Africa. Kane, a seasoned leader in digital finance, will oversee operations in 23 markets, driving Visa's mission to expand financial inclusion and digital payment access across the region.
China is set to remove tariffs on imports from all 53 African countries, marking a major step in strengthening China-Africa trade and global partnerships.
Citi projects gold prices will consolidate in Q3 2025 but may fall in 2026 amid U.S. growth optimism. Silver, however, is set for a possible rally.
Oil prices surged amid the Israel-Iran conflict but have since fallen. Experts caution that while significant, the current situation may not escalate like the Ukraine war, though energy prices could still affect global inflation.