EconomyFeaturedTrade between China and Africa drops by 14% during Q1 2020International Finance Business DeskApril 24, 2020 by International Finance Business DeskApril 24, 2020 Chinese exports to African nations decreased by 10.5% due to the coronavirus pandemic... Read more
FeaturedTelecomMTN Group announces R250 mn relief package to fight Covid-19International Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 The telco also plans to raise R40 mn for a global staff emergency fund... Read more
FeaturedLogisticsLogistics startup kwik secures funding to scale up in NigeriaInternational Finance Business DeskApril 8, 2020 by International Finance Business DeskApril 8, 2020 Founder of French video games company Ubisoft invested in the Lagos-based startup... Read more
FeaturedOil & GasCoronavirus, oil price war take its toll on African oil producersInternational Finance Business DeskMarch 30, 2020 by International Finance Business DeskMarch 30, 2020 Recently, Congo reached out to OPEC for an emergency meeting to find a way to keep member nations from sinking into recession... Read more
FeaturedTelecomMTN subscriber base reaches 64.3 mn in 2019Pritam BordoloiMarch 4, 2020 by Pritam BordoloiMarch 4, 2020 Active subscribers also rose to 25.2 million, representing a 34.9% increase from 2018... Read more
FeaturedFintechMTN Nigeria adds 108,000 agents to its mobile money networkPritam BordoloiMarch 2, 2020 by Pritam BordoloiMarch 2, 2020 The network served one million customers in its first four months... Read more
FeaturedTelecomMTN to invest $1.6 bn in Nigeria to boost connectivityPritam BordoloiFebruary 3, 2020February 3, 2020 by Pritam BordoloiFebruary 3, 2020February 3, 2020 This follows the Nigerian government’s decision to drop charges against MTN Group for alleged unpaid taxes worth $2 bn... Read more
FeaturedFintechNigerian fintech startups attracted $122 mn in funding in 2019Pritam BordoloiJanuary 31, 2020 by Pritam BordoloiJanuary 31, 2020 Total funding accumulated by fintechs fell by 21.8% year-on-year... Read more
FeaturedFintechNigerian fintech Paga acquires Apposit to fuel expansionPritam BordoloiJanuary 24, 2020 by Pritam BordoloiJanuary 24, 2020 The fintech raised $10 mn last year and announced its plan to expand globally... Read more
FeaturedTechnologyAfrican tech startups secure $491.6 mn in funding in 2019Pritam BordoloiJanuary 22, 2020January 24, 2020 by Pritam BordoloiJanuary 22, 2020January 24, 2020 2019 also witnessed a 61% increase in the number of investors to reach 261... Read more