By Victor Oluwole Earlier this week, March 22nd, Tony Elumelu celebrated his 60th birthday, and his life and career achievements are worth commemorating. Born in Nigeria...
Beloved Chicago philanthropist Edward Gardner, the co-founder of Soft Sheen Products hair care company, died Monday at age 98, CBS News reports. Gardner and his wife...
Reuters | Chad has nationalized all the assets and rights including hydrocarbon permits and exploration and production authorizations that belonged to a subsidiary of Exxon Mobil,...
Kenyan wireless carrier opened a US$2 million operations center in the country’s capital, Nairobi to enhance its M-Pesa mobile money platform and prepare for launches into...
The Holness administration is making its largest-ever capital investment in agriculture with more than J$12 billion (US$96 million) to be spent across the fiscal years 2022/23...
Landry Signé and Chido Munyati African logistics have struggled to cater to the continent’s growing population and dynamic private sector for far too long. New research...
May the best man win. Diddy, Tyler Perry, and Byron Allen are vying to acquire Black Entertainment Television, which includes BET, VH1, BET Studios, and the...
St. Kitts & Nevis-based Eastern Caribbean Central Bank (ECCB) has been awarded the prize for Best Communications Initiative for the production of its weekly public education...
By Chinedu Okafor Tanzania’s pro-business stance, perpetrated by the president of the country, Samia Suluhu Hassan, is sending a positive message to investors, who are increasingly...
By Chinedu Okafor The Ugandan government said on Thursday that it plans to generate at least 1000 megawatts (MW) from nuclear power by 2031 as part...
Polaris and Byron Allen’s Allen Media Group’s HBCU GO are coming together to create exclusive content on the digital platform, as well as on other AMG...
By Chinedu Okafor According to the United Nations Economic Commission for Africa (UNECA), by 2025, e-commerce in Africa is expected to increase by According to the...
Black and African American communities and entrepreneurs continue to increase in financial strength: At US$910 billion in 2019 to a projected US$1.7 trillion in 2030, Black...
Bloomberg | Africa’s richest man, Aliko Dangote, agreed with a Chinese firm to construct a 6 million-ton cement plant to expand output and exports in his...
By Karen Bennett Where you bank can promote racial equity and inclusion. Supporting Black-owned banks can help economically empower Black communities, who historically have faced discriminatory...
A group of Harvard Business School students plans to bestow its inaugural “Legendary Honor” award on Byron Allen, the chairman of Allen Media Group, on Friday...
Wemimo Abbey’s journey to co-founding billion-dollar fintech company Esusu, the leading platform for renter financial health that supports low-to-moderate-income households in the U.S., begins in Lagos,...
Africa Press | Angola is set to invest US$89 million to build Angola’s National Cloud infrastructure, train technicians and specialists, and store and unify government services....
Tanzania has floated East Africa’s largest-ever domestically manufactured freshwater passenger and cargo ship, the MV Mwanza Hapa Kazi Tu, on Lake Victoria. The ship, launched at...
Trinidad & Tobago Tuesday said it is prepared to assist Caribbean Community (CARICOM) countries further develop their oil and gas industries and has taken a deliberate...
NAN | The Jamaican High Commissioner to Nigeria, Esmond Reid, has indicated that his country was planning to source for vehicles from Innoson Vehicles Manufacturing (IVM)...
Bloomberg | Self-generation of electricity by South African businesses and households is likely to reduce rolling blackouts without compromising the state power utility’s business model, according...
The Central Bank of Barbados has announced the appointment of Kevin Greenidge as its eighth governor, effective March 1, 2023. Greenidge was most recently a Senior...
Business Wire | Ariel Alternatives, LLC (“Ariel Alternatives” or the “firm”), has announced the closing of Project Black, LP (“Project Black” or the “Fund”). Project Black...
Bloomberg | Africa’s richest man, Aliko Dangote, agreed with a Chinese firm to construct a 6 million-ton cement plant to expand output and exports in his...
Reuters | Nigeria’s central bank has launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make...
Bloomberg | Robert L. Johnson, co-founder of Black Entertainment Television (BET) and the first Black billionaire in the US, says few Black workers and entrepreneurs are...
Less than 3 months after Antigua Airways made its inaugural flight emanating from West Africa, the Antigua & Barbuda government has taken a decision to temporarily...
A decision to set up the East African Monetary Institute (EAMI) – the Central Bank of East Africa – will be made this year, a key...
CARICOM Today | Guyana’s President Irfaan Ali has emphasized the importance of the use of natural gas as a solution for energy security in the Caribbean...
Women have drastically changed the business landscape over the past 5 years. American Express State of Women-Owned Business states that women-owned businesses have grown at double...
AP | Nigerian President Muhammadu Buhari has marked the opening of a US$1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope...
Bloomberg | Access Bank Plc, Nigeria’s biggest lender by assets is considering acquisitions as it looks to expand operations to 26 countries over the next 5...
The Mottley administration has revealed that it will be introducing legislation for a greener transition of the shipping sector. “I will shortly be laying before the...
Bloomberg | Tanzania’s central bank said it’s working toward a “phased, cautious and risk-based” introduction of a digital currency for the East African nation. The Bank...
AP | A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of US$12.7 billion will add another...
Kenyan banks, increasingly embattled by mobile money providers, are looking to wrestle control from industry leader M-Pesa
Successful communities are built from the ground up, and every neighborhood needs thriving businesses in order to succeed. An 8-year study published in early 2022 by...
Dow Jones Newswires | Airtel Africa PLC said Monday that it has bought additional spectrum to support the growth of its 4G services and 5G roll-out...
The Government of Guyana is in discussions with Star Alliance network member and Africa’s largest airline, Ethiopian Airlines, to commence plying the Guyana route. This was...
Bloomberg | Bloomberg for Education and Bloomberg Human Resources put the finance knowledge of more than 60 students at Historically Black Colleges and Universities (HBCUs) to...
By Faustine Ngila The year 2022 saw Africa climb up the global tech ladder to join the rest of the world in running an economy driven...
Bloomberg | African startups raised a record US$5.3 billion last year, though that may be the high-water mark as a deepening slump in the technology industry...
According to the World Bank, Sub-Saharan Africa as a region is expected to grow at 3.9 percent in 2023 and 4.2 percent in 2024, with a...
Bloomberg | Nigerian authorities plan to sell 5 electricity-generation companies in the first quarter to help fund next year’s budget, according to the nation’s privatization agency....
AFP | Tanzania on Tuesday signed a US$2.2 billion contract with a Chinese company to build the final section of a railway line aimed at linking...
Bloomberg | Zimbabwe has banned the export of unprocessed raw lithium with immediate effect as part of efforts to have the key raw material in electric-vehicle...
The US-Africa Business Bridge is an emerging organization of successful African businesswomen looking for American partners to engage in mutual buying and selling of goods and...
Bloomberg | MTN Group Ltd. is considering divesting some of its smaller operations in West Africa as its focuses on core markets, people familiar with the...
Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at US$46 million as it looks to double down on “category-leading” companies across the...
Reuters | The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a...
Bloomberg | The US’s resolve to claw back lost influence in Africa will be put to the test this week when dozens of the continent’s leaders...
Reuters | As a pair of motor-cyclists from Ghanaian startup Swoove zipped along Accra’s back streets with deliveries last week, a team of software engineers tracked...
A handful of African companies have finally started shipping goods under the long-delayed AfCFTA free trade agreement. They are part of a new initiative to kick-start...
Robert F. Smith, the richest Black man in America, wants to invest in HBCU students – by helping them invest in the stock market. In 2019,...
The African fintech industry is booming. From the number of fintech to the size of funding, African fintech is the newest investment magnet. Sector studies show...
Reuters | Ghana has ordered all large-scale mining companies to sell 20 percent of their entire stock of refined gold at their refineries to the Bank...
Jessica Spaulding, the founder of Harlem Chocolate Factory, had always wanted to be a chocolatier but never pursued it because she needed startup capital. However, after...
The rental platform REZI, which describes itself as a provider of “Occupancy As A Service”, has secured an additional US$100 million in debt funding from longtime...
Reuters | As sustainable fashion enthusiast Uche Aladimma sorts through discarded denim clothes in an open market in Lagos, Nigeria, a faded sky-blue jacket catches his...
Billionaire businessmen Jay-Z and Jeff Bezos are in talks on a possible joint venture. The Roc Nation founder and Amazon founder are exploring a potential joint...
Sevetri Wilson, the founder, and CEO of Resilia, has made history once again. On October 27, the SaaS platform announced its US$35 million Series B funding...
The supply and distribution of food and disaster relief items to Caribbean Community (CARICOM) member states will soon be facilitated by two separately-managed regional logistics hubs,...
The Antigua & Barbuda government has defended the decision to allow for Antigua Airways to operate flights from West Africa directly to the Caribbean country saying...
When FedEx Custom Critical CEO Ramona Hood started her career at the transportation provider, her initial goal was not to become the first African American woman...
Bloomberg | Funding for African startups is on track to hit a record this year despite a slowdown globally, according to a recent report. Venture capital...
The Trinidad & Tobago government says it is using the “very successful” model implemented by Jamaica with its Junior Stock Exchange (JSE) to develop its Small...
AP | Zimbabwe says it is on the brink of its biggest wheat harvest in history, thanks in large part to efforts to overcome food supply...
Billionaire investor, Robert F. Smith, shared how he achieves company growth and long-term success on Thursday at the 2022 Inc. 5000 Conference & Gala in Phoenix,...
HiPipo, a Ugandan fintech firm, has been among the world’s Top 20 companies escalating innovation in the digital financial services market by the Global Business Leaders...
NBA Hall Of Famer Earvin “Magic” Johnson is reportedly interested in buying a stake in the National Football League’s Las Vegas Raiders. The ownership stake that...
Press Release | African Development Bank (AfDB) Group President Akinwumi Adesina is pleased to announce the appointment of Hassatou Diop N’Sele, as Acting Vice-President for Finance...
Reuters |South Africa’s financial watchdog has classified cryptocurrency assets as financial products, a notice in the government gazette said on Wednesday, enabling them to be regulated....
Press Release | Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, a certified Minority Depository Institution, has announced the appointment of Robin L....
Last May, the Nigerian presidency launched the Nigeria Startup Bill in collaboration with a group of Nigerian tech leaders and several government bodies to govern how...
Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar refinery disclosed that the refinery is...
The Caribbean Community (CARICOM) has launched a major regional platform to facilitate intra-regional trade in goods and agricultural products. The CARICOM Interactive Marketplace Suspension Procedure (CIMSUPRO)...
Bloomberg | Africa’s annual exports are expected to double to US$540 billion by 2030 from a decade earlier, chiefly on shipments from Nigeria to the Asian...
The presidents of Tanzania and Kenya have agreed to fast-track the construction of a natural gas pipeline designed to increase trade and lower energy costs for...
Bloomberg | Serena Williams’ venture capital firm is backing Nigerian data and insights firm Stears Inc., in a US$3.3 million seed round led by MaC Venture...
The East African | Kenya exported its first goods under the Africa Continental Free Trade Area (AfCFTA) agreement to Ghana late last month. Kenyan-made Exide batteries...
Black Entertainment Television (BET) founder and business mogul Robert L. Johnson is taking his biggest plunge to help close or narrow the nation’s lingering racial wealth...
Senior financial officials from the region will on Thursday discuss how Caribbean people can benefit from the digitization of their country’s payments systems when the Central...
Last month, the Harbor Bank of Maryland (Harbor Bank) celebrated its 40th anniversary. Since 1982, the commercial bank has been serving Maryland, D.C. and Northern Virginia,...
Reuters | A consortium led by Ethiopian Airlines is the preferred bidder for shares in new Nigerian airline Nigeria Air, the country’s aviation minister said on...
By Laurence Sithole | The Exchange Sub-Saharan Africa and its northern counterpart hold great economic promise. Africa’s investment case remains a compelling proposition. The continent is...
BKR Capital, the first institutionally backed Black-led venture fund in Canada, has celebrated its first anniversary by closing a fundraising round that blew past its targets....
Ghanaian plant geneticist, and professor, Eric Yirenkyi Danquah has been awarded the 2022 Africa Food Prize at the AGRF2022 Summit. The event took place on the...
Bloomberg | The giant refinery being built in Nigeria by Africa’s richest person, Aliko Dangote, will finally start operations by mid-2023, according to state oil company,...
PRNewswire | Early last month, SparkCharge, the world’s first mobile EV charging network, announced its CEO and Founder, Joshua (Josh) Aviv, had participated in the signing...
Reuters | Ethiopia’s government has decided to open up the country’s banking sector to foreign investors, the prime minister’s office said on Saturday, the latest measure...
The government of Guyana says the country is expected to earn US$1.1 billion from the energy sector this year. According to a report from the country’s...
AFP | Ethiopian Airlines, the leading African flag carrier, on Wednesday reported a surge in profit for the last financial year, in sharp contrast to the...
Reuters | Walmart Inc., has launched a 6.4 billion rand (US$377.6 million) offer for the remaining 47 percent of South African retailer Massmart it does not...
Bloomberg | Buyout firm Vista Equity Partners (Vista) agreed to acquire tax-management software provider Avalara Inc. for US$8.4 billion including debt. Vista will purchase Seattle-based Avalara...
Bloomberg | Kenya Airways Plc is looking to reduce jet-leasing costs by more than a third as the carrier targets break even by 2024. Negotiations with...
By Faustine Ngila A new cybersecurity center in Togo is poised to add into efforts by individual African countries to secure the continent’s cyberspace. In November...
Media and entertainment mogul Byron Allen believes the news and media industry needs more inclusion, an issue he will address now that he is the owner...
Ventures Africa | In this age, technological innovation and development of a country or continent are closely knitted. That is why governments around the world prioritize it...
Bloomberg | South Africa’s TymeBank plans to acquire a local lender to small businesses to help the banking startup backed by South African billionaire Patrice Motsepe...
Bloomberg | Los Angeles Lakers basketball star LeBron James is betting on the boom in cycling with an investment in Germany’s Canyon Bicycles GmbH. Canyon has...
Barbados is scheduled to host more than 700 African businesspeople, investors, and representatives of financial institutions during the first Africa-Caribbean Trade and Investment Forum (ACTIF) from...
The chief executive of 3BlackDot Holdings Inc. has bought the business, making it one of the few Black-owned media companies at a time when many marketers...
As the burgeoning Guyanese offshore oil and gas industry goes from strength to strength, powered by the Stabroek block, government revenue from domestic production is on...
Byron Allen’s Allen Media Group is buying the Black News Channel (BNC), with plans to revive the bankrupt cable news outlet and significantly grow its distribution...
Bloomberg | A Nigerian startup backed by private-equity firm Lightrock LLP is looking to deploy electric vehicles in about 8 African countries by next year as...
Business Wire | PAVmed Inc. (“PAVmed”), a diversified commercial-stage medical technology company operating in the medical device, diagnostics, and digital health sectors, has announced that its...
Reuters | Ghana’s government will sign an agreement next week with Thelo DB consortium for a US$3.2 billion project to develop and make operational its Western...
Bloomberg | Actor Idris Elba is in talks to take part in a bid for state-owned broadcaster Channel Four Television Corp. that could be valued at...
Rwanda will host the new African Pharmaceutical Technology Foundation, a venture by the African Development Bank (AfDB) that is expected to boost the continent’s access to...
The United Nations Conference on Trade and Development (UNCTAD) says investment flows to the region reached US$134 billion last year, up from US$88 billion in 2020....
Bloomberg | Ethiopia’s wheat output will jump 70 percent this year as the populous Horn of Africa nation ramps up production to shelter itself from supply...
Bloomberg | African Rainbow Energy and Power (AREP), backed by South African billionaire Patrice Motsepe, is looking to boost renewable power generation sevenfold to become one...
By Sabrina Lynch The impact of COVID–19 caused immense financial distress for small businesses across the country, particularly African American entrepreneurs, who were one of the...
It’s called the “bachelor barrier” – the undergraduate degree requirement that many African American and other people of color don’t meet, which keeps them from a...
Bloomberg | Vista Equity Partners is almost halfway to raising the US$20 billion target it set for its flagship fund, according to people familiar with the...
According to capital market data from the Nigerian Exchange dated May 20th, MTN Nigeria’s market capitalization stood at N5 trillion (about US$12 billion), making it one...
Bloomberg | For Black Americans, job prospects have improved since 2020. That’s the good news. The bad news is that the gains eked out over the...
Grammy Award-winning artist and entrepreneur Shawn “Jay-Z” Carter has invested in Altro, a Black-led, free app helping users build credit through existing spending habits. TechCrunch reports...
Reuters | Nigerian entrepreneur Mustapha Gajibo has been converting petrol mini-buses into electric vehicles at his workshop, but he is now going a step further to...
Bloomberg | Standard Bank Group Ltd. has named a female Black person to chair Africa’s biggest lender by assets for the first time. Nonkululeko Nyembezi has...
When Fawwaz Ibrahim moved to Canada at age 16, he never imagined himself being an athleticwear aficionado. As a matter of fact, adjusting to a Canadian...
Reuters | State-owned operator Ethio Telecom launched a 5G mobile phone service on Monday in a key step ahead of competition from new entrants in an...
Two-time NBA champion Kevin Durant has been named as a minority owner of the National Women’s Soccer League (NWSL) club NJ/NY Gotham FC. Thirty Five Ventures...
AP | Carnival Corp. – the world’s largest cruise company – has revealed that CEO Arnold Donald will step down on August 1. Donald has led...
The two fastest-growing companies in Africa are in Kenya, according to a new ranking released by the Financial Times on Tuesday, and 5 of the top...
Bloomberg | When Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of...
Farmerline Group has secured a US$6.4 million Pre-Series A investment and US$6.5 million debt to strengthen its supply chain for agribusinesses; reduce the cost of farming,...
The Guyana government says it has received its first entitlement lift of the Unit Gold crude from the Liza Unity Floating Production Storage and Offloading (FPSO)...
Thanks to Chris Montana, Du Nord Social Spirits is the first Black-owned distillery in the United States. Montana and his wife, Shanelle, started the company together...
The Central African Republic has become the first country in Africa to adopt Bitcoin as a payment currency. In a worldwide first, the National Assembly unanimously...
Bloomberg | Namibia’s nascent oil industry sees a window of 10 years to get going before the move toward net-zero emissions makes it too late to...
Reuters | Ugandan film producer Raymond Malinga, whose work will feature in an upcoming Disney anthology of animated films from across Africa, hopes the project will...
JIS | Jamaica’s remittance inflows exceeded US$3.3 billion for 2021, representing an increase of over US$2.9 billion for 2020. Minister of State in the Ministry of...
The African Export-Import Bank (Afreximbank) has announced a new multi-billion-dollar initiative to help member countries battle soaring import costs and foreign currency challenges stemming from the...
Late last year, venture capitalist Adeyemi Ajao traveled back to his native Spain to tend to his 92-year-old father. The elder Ajao asked his son about...
Reuters | Dangote’s 650,000 barrels per day (bpd) oil refinery being built in Nigeria is due to begin production by the fourth quarter of 2022, Group...
Press Release | Russom Woldemichael, owner and founder of shoe and leather goods company Barcon Getta, knows that a journey of a thousand miles begins with...
Bloomberg | The Democratic Republic of Congo (DR Congo) joined the East African Community (EAC), bringing the regional trading bloc’s market size to a quarter of...
Reuters | Ethiopian Airlines on Thursday named Chief Operating Officer Mesfin Tasew Bekele to succeed CEO Tewolde Gebremariam who is retiring early to focus on his...
Guyana’s President Irfaan Ali has told international investors that the Caribbean region is a stable platform with all of the components for a modern and emerging...
Reuters | Nigerian billionaire Aliko Dangote opened a 3-million-tonne fertilizer plant at a cost of US$2.5 billion on Tuesday to target African and foreign markets even...
PRNewswire | A decade ago, Suzanne Stantley realized that billions of dollars in construction projects were going on in communities throughout the country and that most...
Reuters | Ethiopia said on Friday it had decided to postpone the planned partial privatization of state-owned telecoms firm Ethio Telecom because of the prevailing economic...
Reuters | Nigerian court has stopped Shell Plc from selling any assets in Nigeria until a decision is reached on the company’s appeal of a nearly...
Bloomberg | Nigerian lawmakers have passed a constitutional reform bill that will allow state government’s supply electricity in Africa’s most populous country, breaking the monopoly of...
Reuters | Tennis great Serena Williams raised US$111 million for her new early stage venture capital firm Serena Ventures, according to the fund’s blog post on...
Companies can build diverse and inclusive business ecosystems using a cooperative advantage approach.
Reuters | A company controlled by Israeli billionaire Dan Gertler will give control of valuable mining and oil assets back to the Democratic Republic of Congo...
Grenada’s Prime Minister Keith Mitchell on Wednesday called for the total elimination of roaming charges within the Caribbean Community (CARICOM) as the regional grouping signed the...
Google, in its latest “Africa Developer Ecosystem Report 2021“, has revealed that Africa’s tech developer ecosystem is on the rise. This is according to the findings...
Bloomberg | One of the world’s first central bank digital currencies is experiencing serious growing pains. DCash – a digital version of the Eastern Caribbean dollar...
Bloomberg | A Kenyan technology company, MarketForce, raised US$40 million in a funding round led by V8 Capital Partners of Nigeria to expand its digital retail-distribution...
Guyana has announced that it will be pursuing a low carbon transportation infrastructure to reduce the demand for imported fossil fuels for vehicular transport in 2022....
Oui the People is a luxury shaving brand for ladies that specializes in high-end shaving products.
Bloomberg | Jamaica’s Prime Minister said the country is on track to launch its own e-currency this year, as the island-nation joins the ranks of those...
Reuters | Africa-focused fintech firm Flutterwave said on Wednesday it had raised US$250 million in its single-biggest funding round to date, valuing the startup at more...
Bloomberg | Nigeria’s central bank has a new plan to lure US$200 billion of inflows to Africa’s biggest economy: make it attractive for exporters to bring...
Press Release, Orca Communications | Meet Duane Cheers and Danita Claytor, the co-founders of Everything Legendary, a Black-owned plant-based food brand with legendary flavor, that have...
Successful bid would Allen the first Black majority owner of an National Football League team.
Are you looking for the best African countries to invest in to foster economic growth?
Serena Williams, A&T Capital back Nigerian startup Nestcoin
By investing in women, the fund hopes to unlock the potential of women-led businesses in Africa, and, ultimately, the economic transformation of their countries.
"Let us talk from the heart how to foster greater collaboration between Africa and the Caribbean and the role we all have to play." - Tony...
America's largest Black-owned bank offers small dollar, short term loans with no credit check
The Nigerian capital managed to outperform its direct competitors Nairobi, Cape Town and Johannesburg in 2021, a trend that is likely to continue.
Bloomberg | Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year. Mechanical work on the refinery is complete...
Smith would become the NFL’s first Black controlling owner of a franchise.
The year 2022 is being observed as the year of wellness in the Caribbean.
PRNewswire | The Propel Center, the global HBCU technology and learning hub intended to level the playing field and open greater doors of opportunity for their...
Kenya is set to lead the world’s peer to peer cryptocurrency market for the second consecutive year according to Marius Reitz, the general manager for the...
The Jamaican central bank, Bank of Jamaica (BOJ), announced that it has successfully completed the trial of its central bank digital currency (CBDC). The 8-month pilot...
Reuters | Vista Equity Partners will acquire a majority stake in Salesloft Inc, valuing the sales engagement software company at US$2.3 billion, the Wall Street Journal...
Actor Forest Whitaker and best-selling author Dambisa Moyo join group of NBA Africa investors.
CBDC to facilitate financial inclusion
The Board of Directors of the African Development Bank Group has approved a US$1.5 million grant to assess policy gaps in the digital trade and e-commerce...
PRNewswire | Byron Allen’s Allen Media Group division Allen Media Broadcasting is proud to announce it has signed a purchase agreement for its acquisition of the...
Telecompaper | MTN Group said that Godfrey Motsa will step down as CEO of MTN South Africa from January 01 2022 and will be succeeded by...
"There will be no fatality, nor oil curse, or ruinous competition if there is political will to cooperate across the board" - Macky Sall
Opibus is the first company to make the vehicles in Africa.
AFP | Sharon Bowen was named as chair of the New York Stock Exchange (NYSE), its parent company announced, becoming the first Black woman to hold...
Other strong performers include East African neighbors, Kenya and Tanzania, as well as Namibia and Egypt.
Reuters | Nigeria plans to ban flights from Argentina, Britain, Canada and Saudi Arabia from this week in retaliation for being added to those countries’ red...
Gebru’s effort is an attempt to forge a research group outside of corporate or military influence that tries to prevent harm from AI systems by focusing...
Reuters | Senegal’s economy will grow 5 percent in 2021 thanks in part to solid industrial output, the International Monetary Fund (IMF) said on Wednesday, revising...
Central Bank planning to introduce CBDC - will cut transaction costs and boost participation in the formal financial system
All OADC facilities will operate as fully open-access, carrier-neutral facilities, supporting cloud providers and the international wholesale community in extending their businesses further into Africa.
The Nigeria Country Risk report which has been released by Fitch Solutions has projected the West African country’s economy to grow by 2.8 percent in 2022....
Trice Edney News Wire | With protests having erupted in cities across the country over police violence targeting Black men and women, the civil rights and...
Cash will be used to fund African expansion to Egypt, Ghana and Cameroon
Representatives of the Central African Economic and Monetary Community, known as CEMAC, have reached an important milestone in their efforts to put an end to roaming...
Bloomberg | Safaricom Plc., first-half profit jumped as the company reinstated charges on mobile-money transfers, Chief Executive Officer Peter Ndegwa told investors Wednesday. Africa’s second-biggest company...
The technology has enabled small businesses in remote areas in Kenya to access affordable power, and has been adopted to solve a new problem: keeping COVID-19...
Reuters | Media entrepreneur Byron Allen has raised US$10 billion in preferred equity and debt for his bid for U.S. regional TV station operator Tegna Inc.,...
These investments will get us to a certain size and a certain increased level of profitability, but if you want to take an institution to the...
Unemployment declines to 15.9 percent
"Chinese investments in Africa are “going on very well. The next thing I would ask from them is to allow our products to enter their market...
Dangote might be an example of a successful and dynamically expanding manufacturing firm in Nigeria. But structural transformation across the Nigerian economy remains very limited.
Robert F. Smith gifts thousands of shares of stock to Help Black and Latinx Kids become shareholders
Birikundavyi, is the first Black woman to lead an institutionally-backed venture capital fund in Canada