Investor interest in FGN bonds stayed high despite a decline in offer volumes, with total subscriptions reaching N2.83 trillion in Q1 2025. The government's cautious borrowing strategy reflects efforts to manage debt amid rising interest rates.
Côte d’Ivoire’s push for universal clean water access gets a major boost with a $156M financing deal secured by Deutsche Bank. The investment will fund critical infrastructure projects, bringing safe drinking water to millions.
Zap Africa, a crypto exchange, has accused Paystack of infringing on its trademarked brand name “Zap.” With legal action looming, this dispute underscores the growing tensions in fintech branding.
Twelve promising South African startups have been selected for the Injini Mastercard Foundation EdTech Fellowship, an initiative designed to provide funding, mentorship, and market access to scale impactful educational solutions.
Hip-hop mogul Sean 'Diddy' Combs has pleaded not guilty to a fresh indictment alleging he pressured employees into assisting his alleged sex trafficking scheme. The indictment also accuses him of enforcing control through threats and forced labor. His trial is scheduled for May 5.
Lagos has cemented its position as one of Africa’s top economic hubs, with its GDP reaching $259 billion in 2023. The state experienced significant growth in early 2024 and aims for further expansion in 2025. Despite its booming economy, challenges such as high inflation and revenue mobilization need to be addressed for sustained growth.
Billionaire Tony Elumelu’s fortune has soared to $2.15 billion, reflecting the success of his investments in Transcorp, UBA, and Heirs Holdings. His commitment to Africapitalism and strategic investments continue to drive economic growth and entrepreneurship in Africa.
Aliko Dangote is investing $400 million to expand Ethiopia’s Mugher cement plant, doubling its production capacity. This move reinforces Dangote Cement’s commitment to Africa’s industrial growth, despite past challenges.
San Diego FC welcomes Nigerian GRAMMY-winning artist Tems as a new Club Partner. Through her company, The Leading Vibe, Tems joins a distinguished group of partners to inspire and empower communities on and off the pitch.
US has quietly removed the visa drop box renewal option for Nigerian applicants, reverting to mandatory in-person interviews. This shift comes amid long wait times and a backlog of applications, impacting frequent travelers, students, and business visitors.