African economy

How Africa’s Next Unicorns Will Soar by Mastering Customer Retention Over Acquisition
In recent years, African startups have heavily prioritized rapid user growth, often pursuing expansion aggressively to attract investor attention. Yet, the landscape is shifting. In...

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Tech
4 days ago4 days ago

In recent years, African startups have heavily prioritized rapid user growth, often pursuing expansion aggressively to attract investor attention. Yet, the landscape is shifting. In 2024, funding for African technology ventures dropped sharply to $1.1 billion-a 50% decline compared to 2023. Meanwhile, the cost of acquiring customers is climbing, driven by infrastructural challenges and the...

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Why “Copy-Paste” Fails: Uncovering the Real Truths About Investing in Africa
Venture capital investment in Africa remains in its infancy, with most firms yet to surpass a decade of operation-a milestone crucial for evaluating portfolio outcomes...

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Tech
1 week ago1 week ago

Venture capital investment in Africa remains in its infancy, with most firms yet to surpass a decade of operation-a milestone crucial for evaluating portfolio outcomes and returns to limited partners. Given the nascent stage of this sector, definitive principles are still emerging. However, after five installments of this series, distinct insights have crystallized. Investment capital...

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Tinubu Urges Africa to Stop Exporting Raw Materials and Build Thriving Manufacturing Industries
President Bola Ahmed Tinubu has advocated for a fundamental restructuring of the global financial systems that oversee Africa’s mineral wealth. He emphasized the urgent need...

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Politics Today
2 weeks ago2 weeks ago

President Bola Ahmed Tinubu has advocated for a fundamental restructuring of the global financial systems that oversee Africa’s mineral wealth. He emphasized the urgent need for African countries to independently fund their mineral industries and take command of the continent’s role within international supply chains for these resources. “Firstly, I call on African nations to...

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Nigeria’s Digital Economy Powers 14.4% Surge in GDP Growth for Q2 2025
In the second quarter of 2025, Nigeria’s Digital Economy sector contributed an impressive N7.37 trillion to the nation’s Real Gross Domestic Product (GDP), accounting for...

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Tech
2 weeks ago2 weeks ago

In the second quarter of 2025, Nigeria’s Digital Economy sector contributed an impressive N7.37 trillion to the nation’s Real Gross Domestic Product (GDP), accounting for 14.4% of the total N51.20 trillion GDP. This data was disclosed in a recent publication by the National Bureau of Statistics (NBS), which also highlighted a 4.23% growth in the...

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Nada Shaheen Warns: Why Africa’s Biggest Companies Risk Extinction by Overlooking Startups
Corporate venture capital (CVC) remains an uncommon practice across Africa, as many prominent corporations choose to steer clear of the continent’s burgeoning startup scene, concentrating...

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Tech
2 weeks ago2 weeks ago

Corporate venture capital (CVC) remains an uncommon practice across Africa, as many prominent corporations choose to steer clear of the continent’s burgeoning startup scene, concentrating instead on their primary business activities. In contrast, on the global stage, corporate venture capitalists represent approximately 36% of the total venture capital deal value, highlighting a stark difference in...

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Nigeria’s Moment to Shine: Unlocking Powerful PR Strategies for Africa’s Giant
In an article I penned back in 2020 titled ‘A Global Brand Positioning Strategy for Nigeria,’ I emphasized that Nigeria is not only Africa’s most...

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Politics Today
2 weeks ago2 weeks ago

In an article I penned back in 2020 titled ‘A Global Brand Positioning Strategy for Nigeria,’ I emphasized that Nigeria is not only Africa’s most populous nation, boasting over 200 million inhabitants, but it also possesses the continent’s largest proportion of cultivable land-approximately 33 percent. This unique advantage positions Nigeria to potentially become Africa’s premier...

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Afreximbank’s Fund for Export Development in Africa Soars with $40M Profit!
The Fund for Export Development in Africa (FEDA), serving as the impact investment division of the African Export-Import Bank (Afreximbank), concluded 2024 with a net...

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Politics Today
2 weeks ago2 weeks ago

The Fund for Export Development in Africa (FEDA), serving as the impact investment division of the African Export-Import Bank (Afreximbank), concluded 2024 with a net profit of $40.3 million. This figure represents a remarkable 72% increase compared to the $23.4 million recorded in 2023, as detailed in its 2024 annual report. This unprecedented profitability highlights...

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Will Africa’s Legal Tech Startups Soar to Match the Explosive Growth of Fintech?
Arch.Law reports that the global legal technology sector was valued at $27 billion in 2024, with forecasts predicting it will soar to $65 billion by...

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Tech
3 weeks ago3 weeks ago

Arch.Law reports that the global legal technology sector was valued at $27 billion in 2024, with forecasts predicting it will soar to $65 billion by 2034. Although the integration of artificial intelligence and other advanced technologies within the legal system is still in its nascent stages, the trajectory points toward a more entrenched and widespread...

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Redefining Africa’s Role: A Bold New Vision for Its Place in the Global Financial System by Frank Aigbogun
role in global finance” style=”display: block; margin: 0 auto 10px; max-width: 100%;” /> Redefining Africa’s Role in the Global Financial Landscape As Dr. Tah embarks...

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Politics Today
1 month ago1 month ago

role in global finance” style=”display: block; margin: 0 auto 10px; max-width: 100%;” /> Redefining Africa’s Role in the Global Financial Landscape As Dr. Tah embarks on his leadership journey, he carries with him a strengthened mandate, bolstered by the confidence of African stakeholders and a growing trust from international collaborators who were once skeptical. His...

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Dangote Seals $2.5 Billion Deal to Revolutionize Fertilizer Production in Ethiopia
Aliko Dangote, the wealthiest individual in Africa, has finalized a landmark $2.5 billion contract with Ethiopia’s government to establish a state-of-the-art fertilizer manufacturing facility. This...

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Business Updates
1 month ago1 month ago

Aliko Dangote, the wealthiest individual in Africa, has finalized a landmark $2.5 billion contract with Ethiopia’s government to establish a state-of-the-art fertilizer manufacturing facility. This ambitious project is poised to significantly transform Ethiopia’s predominantly agriculture-based economy by boosting local fertilizer production and reducing dependency on imports. The development marks a pivotal step in enhancing agricultural...

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