Ethiopia emerged as Dangote Cement’s most profitable Pan-African operation in 2024, posting over ₦91 billion in post-tax profits despite hyperinflation and security challenges. A detailed look into how strategic adjustments helped offset regional setbacks.
As Eid-el-Kabir 2025 approaches, livestock prices in Abuja have more than doubled, with traders citing insecurity and limited supply from the North and neighboring countries. Many buyers are now rethinking their celebration plans due to soaring costs.
Nigeria has launched a $7.5 million AI Scaling Hub in partnership with the Gates Foundation. The initiative aims to drive innovation in healthcare, agriculture, and education while positioning the country as a leader in Africa’s AI future.
Moniepoint has received regulatory approval to acquire a 78% stake in Kenya’s Sumac Microfinance Bank, marking a strategic expansion into East Africa’s financial sector. The deal awaits final clearance from the Central Bank of Kenya.
BUA Group has committed over $65 million to reconstruct Terminal B of the Rivers Port Complex without any public funds. The project, approved in 2022 and awarded to Italian firm TREVI, is expected to be completed in the first quarter of 2026. The company says the terminal is vital to its industrial operations.
The Debt Management Office has launched the June 2025 FGN Savings Bonds with interest rates up to 17.121% per annum. The offer runs from June 2 to June 6, providing a secure investment backed by the Federal Government.
Against global economic headwinds, Nigerian startups defied the odds, securing over $100 million in Q1 2025. Fintech led the charge, but clean energy and agritech also saw major wins. Here's a breakdown of the top 10 deals and what they signal for the startup ecosystem.
African artists may be topping global charts, but their streaming earnings tell a different story. From Nigeria to the global stage, unequal payouts on platforms like Spotify are raising urgent questions about fairness, exposure, and the future of music in Africa.
Arnergy, a Nigerian company known for its distributed renewable energy solutions, has raised $18 million to scale its solar energy systems across Africa.
Pope Francis passed away on Easter Monday at the age of 88. The Vatican confirmed his death following a prolonged battle with pneumonia. Known for his humility and dedication to the poor, the late Pontiff had recently requested a simple funeral rite rooted in faith and grace.