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.
Lagos Chamber of Commerce and Industry (LCCI) has called for transparency in the disbursement of the $500 million World Bank loan to ensure it benefits small businesses and vulnerable communities. The chamber also stresses the need for long-term economic reforms to reduce Nigeria’s reliance on external borrowing.
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.
Tony Elumelu, a leading advocate for African entrepreneurship, has been appointed to the IMF Advisory Council on Entrepreneurship and Growth. His inclusion underscores the importance of private sector-led development in shaping global economic policies.
Literacy is not a luxury; it is a necessity. It fuels imagination, drives innovation, and empowers every child—regardless of zip code—to shape their destiny. Through a community-driven writing initiative, young scholars in Baltimore are finding their voices and defining their futures.
Airtel Africa is investing N1 billion in Nigeria’s 3 Million Technical Talent (3MTT) program, helping to train over 25,000 Nigerians in digital skills. With this commitment, the telecom giant strengthens the country’s push toward a thriving digital economy and a future-ready workforce.
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.
The Spark Accelerator programme is back! In partnership with Safaricom, M-Pesa Africa, and Sumitomo Corporation, the initiative empowers startups with the resources they need to grow. Applications for the second cohort open on April 1—don’t miss out!
German development finance institution DEG has increased its investment in Mediterrania Capital IV by $16.3 million, signaling strong confidence in Africa’s economic growth. The fund, managed by Mediterrania Capital Partners, focuses on mid-sized companies across key sectors in North and West Africa.
The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 young entrepreneurs across 52 African countries. Each selected entrepreneur will receive a $5,000 non-refundable seed grant to launch or expand their businesses, fueling economic transformation across the continent.