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Meet the ex-Jumia and M-KOPA executive building an agri-tech marketplace for Africa
3+ hour, 54+ min ago (682+ words) Agriculture employs more than half of Sub-Saharan Africa's workforce, yet productivity remains among the lowest globally due to limited financing, fragmented markets and weak logistics infrastructure, according to the World Bank. The African Development Bank estimates the continent's food and…...
World's largest ride-hailing company pledges over $300 million investment in Africa's largest economy
4+ hour ago (495+ words) Global ride-hailing platform Uber has pledged to invest R5 billion ($300 million) in South Africa over the next few years, targeting mobility, delivery and digital platform growth as it deepens its presence across Africa. The commitment, announced during the South Africa Investment…...
Dangote targets $40 B investment to expand oil, fertilizer empire
4+ hour, 28+ min ago (344+ words) Africa's richest man, Aliko Dangote, is targeting a $40 billion investment to expand his operations in the oil and fertilizer industries, a move aimed at strengthening his industrial empire across Africa and boosting production capacity in key sectors. The Dangote Group…...
Olakunle Williams: The visionary billionaire disrupting Africa's energy sector
6+ hour, 59+ min ago (601+ words) Through Tetracore, he has built one of the largest gas trading portfolios in Nigeria, supplying over 90 MMscfd of gas to industrial users. This supply supports more than 300 MW of embedded and industrial power generation, reinforcing the company's role in reducing…...
U. S. updates Nigeria travel advisory, orders non-essential staff evacuation at Abuja embassy
9+ hour, 7+ min ago (474+ words) The U. S. Department of State has updated its travel advisory for Nigeria to reflect changes in embassy operations, as it begins evacuating non-essential staff from its mission in Abuja amid heightened security concerns. The decision, announced on April 8 by the U. S. Department…...
South African rand and Nigerian naira ranked among currencies soaring against the U. S. dollar
9+ hour, 20+ min ago (244+ words) The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U. S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions. The rand led Africa's performance, ranking third on…...
Tanzania government officials ordered to ditch luxury convoys for the bus as fuel crisis bites
9+ hour, 24+ min ago (508+ words) As the conflict in the Middle East precipitates a global energy crisis, several countries have implemented fuel-conservation strategies. Notably, President Samia Suluhu Hassan of Tanzania has introduced commute restrictions for government officials to mitigate energy consumption. On Wednesday, the President…...
Nigeria's fuel vulnerability continues to be exposed as Dangote flips petrol price in 24 hours
9+ hour, 29+ min ago (493+ words) The Dangote Petroleum Refinery has lowered the ex-gantry price of Premium Motor Spirit (petrol) in Nigeria to N1, 200 per litre ($0. 87), reversing its recent decision to increase the fuel price, according to an anonymous source at the facility. The new price represents…...
Ethiopia scores major legal victory worth over $850 million
10+ hour, 6+ min ago (287+ words) Ethiopia has recorded significant victories in two high-profile international arbitration cases, successfully defending claims valued at more than $850 million, according to the Ministry of Justice. The disputes involving a Turkish construction company and a Netherlands-based firm tested the country's regulatory…...
World's largest private metal trader seals $2. 8 billion pact with Ghana's top miner
10+ hour, 57+ min ago (327+ words) A major boost for Ghana's mining sector has emerged after Heath Goldfields Ltd. signed a landmark gold offtake agreement with global commodities trader Trafigura, in a deal valued at up to $2. 8 billion. The agreement covers the purchase of 700, 000 ounces of…...
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