THE BIG PITCH 2025 is here! Startup Club ZA and the South African Future Trust are offering a $1 million investment and national media exposure to the most innovative early-stage startups. Apply now and take your business to new heights!
Leta has raised $5 million in seed funding to scale its AI-powered logistics platform, helping businesses streamline deliveries, cut costs, and improve efficiency. With backing from Speedinvest, Google’s Africa Investment Fund, and Equator, Leta is set to revolutionize logistics across Africa.
Transcorp Group has delivered an exceptional 2024 financial performance, with a 188% profit increase and 107% revenue growth. Strong execution in power, hospitality, and energy investments solidifies its market leadership. Read more on how Transcorp continues to drive sustainable growth.
Nigeria’s Exports Surge to $50.4 Billion as Weaker Naira and Subsidy Cuts Reshape Trade Balance
Nigerian artists earned over ₦58 billion from Spotify in 2024, marking a record-breaking year for the country’s music industry. With a surge in global streams and playlist features, Nigerian music continues to dominate international charts.
Borno State Governor Babagana Zulum has approved N1 billion in grants for 9,403 small businesses in Biu and Hawul as part of efforts to boost local enterprises and reduce poverty. He also launched a 600-unit housing project for teachers and health workers, reaffirming his administration’s dedication to economic and social development.
AfDB and ECOWAS have signed a $12 million grant agreement to implement the REWARD project, enhancing rice production and food security across West Africa. This initiative seeks to reduce import dependency, support local farmers, and strengthen agricultural value chains, aligning with regional development goals.
The NSIA Prize for Innovation (NPI) is designed to identify, support, and finance early-stage innovative solutions with the potential to:
Transcorp Plc has posted a record-breaking N136.6 billion pre-tax profit for 2024, reflecting a 132.41% increase from the previous year. The company’s total revenue surged by 107.07% to N407.9 billion, with the power sector contributing the largest share.
Microsoft is strengthening South Africa’s digital economy with a ZAR 5.4 billion investment in cloud and AI infrastructure. This expansion will drive innovation, close the digital skills gap, and position the country as a leader in AI technology.