Afreximbank is set to revolutionize Nigeria’s textile industry with a $5 billion facility expected to create 250,000 jobs. The project, launching in July, is part of the bank’s wider industrialisation strategy across Africa.
President Tinubu has signed four tax reform bills into law, introducing sweeping changes aimed at simplifying Nigeria’s tax system, cutting red tape, and providing relief for low-income earners and small businesses.
Foreign direct investment into Nigeria dropped by 19% in Q1 2025, falling to $250 million, according to the Central Bank of Nigeria. Despite a positive trade balance, capital flight and declining investor confidence weighed heavily on the country’s external position.
Nvidia has overtaken Microsoft to become the most valuable publicly listed company, fueled by a record-breaking stock surge and rising AI investments. The chipmaker’s market cap now stands at $3.77 trillion.
Cutstruct has raised $1.5 million in seed funding to scale its digital procurement platform, improve logistics, and drive efficiency in Nigeria’s construction sector.
PaidHR, a Nigerian startup revolutionizing HR management, has raised $1.8 million in seed funding led by Accion Venture Lab. The company plans to expand its market reach, develop new products, and strengthen customer support.
Defying expectations, Ghana’s cedi has become the world’s strongest currency in 2025, fueling economic growth, easing inflation, and improving living costs for Ghanaians.
Kenya’s Peach Cars is transforming Africa’s used car market with a $11 million funding boost. Backed by Suzuki and JBIC, the startup is building a transparent, tech-driven marketplace that promises to restore trust and reshape vehicle ownership across the region.
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.