New WEF leaders to get Aliko Dangote Fellowship

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Eleven young enterprising Africans, among them two Nigerians, who have been named Young Global Leaders (YGL) by the World Economic Forum (WEF) for 2021,...

Investors commit Nbillions at Lagos Free Zone

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Lagos Free Zone (LFZ), the first privately owned special economic zone in Nigeria with an integrated deep sea port, is home to several reputable...

SouthBridge Group, Brazil Africa to bring investors to Africa

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SouthBridge Group has signed a Collaboration Agreement with The Brazil Africa Institute. The Agreement was signed by Professor João Bosco Monte, President of IBRAF,...

Real reasons Shoprite’s leaving Nigeria

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South African retailer, Shoprite International Limited yesterday announced that it was considering a potential divestment from its Nigerian operation known as Retail Supermarkets Nigeria...

How OPay’s super app plans crashed, why startup is firing, getting fired

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After hitting the ground running in 2019, OPay seems to have lost all of its gloss since the turn of the year and the...

AfDB approves $40m package for Angola’s SMEs

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The Board of Directors of the African Development Bank on 15 April approved a $40 million financial package to support Angola’s Banco Millennium Atlântico...

AUDA-NEPAD, Ecobank Group to establish framework for MSMEs

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AUDA-NEPAD Chief Executive Officer, Dr. Ibrahim Assane Mayaki and Ecobank Group Chief Executive Officer Mr Ade Ayeyemi have agreed to collaborate on a continental...

Why five in every 10 African startups failed in last 10 years

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By Nayantara Jha In 2019, African startups created a milestone by garnering USD 1.34bn in VC investment, which was an impressive growth over the previous...

African SMEs to receive USD33m capital boost

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Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional USD33 million financing from German lender KfW Development Bank , in a...

Murdoch to empower 1,000 African entrepreneurs by 2022

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A new partnership between Murdoch University in Western Australia and the South African-based Kingdom Business Network (KBN) took a first step towards formation after...

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