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.
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.
A Court of Appeal ruling has revealed that former CBN Governor, Godwin Emefiele, earned N350 million annually, with additional allowances exceeding $6 million. The court has overturned an earlier asset forfeiture judgment, ordering a retrial due to gaps in the original proceedings.
UK-based legal tech company Definely has secured $30 million in Series B funding to expand its AI-driven legal productivity suite and strengthen its presence in the U.S. market. Co-founded to solve accessibility challenges in legal work, Definely now serves over 100 law firms and corporate legal teams worldwide.
Salpha Energy has secured $1.3 million from All On to scale its locally built solar solutions in Nigeria. The female-led company is driving clean energy, job creation, and local manufacturing to close Africa’s energy access gap.
The African Development Bank has approved $184.1 million to support Egypt’s 1GW Obelisk Solar Project, reinforcing the country’s clean energy transition. The project, which includes battery storage, is expected to generate 2,772 GWh of clean electricity annually and create over 4,000 jobs.