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.
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.
Wema Bank has delivered its highest financial performance in five years, recording N433.43 billion in gross earnings and N102.5 billion in pre-tax profit for 2024. A mix of strong loan growth, smart investments, and digital banking innovation fueled this milestone year.
Five West African startups have received £500K in grants through TRANSFORM West Africa to scale circular and sustainable solutions, with Nigeria in the spotlight.
Central Bank of Nigeria (CBN) has attributed the $2.57 billion drop in FX reserves during Q1 2025 to foreign debt servicing. Despite the decline, the bank projects a recovery in the coming months.
Ivorian fintech startup Djamo has secured $17 million in fresh funding to scale digital banking across Francophone West Africa. With over 1 million users, Djamo is redefining access to finance in underserved markets.