Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
Standard Bank Group, the largest African bank by assets, has announced two new technology start-ups who have been selected and accepted into the Founders Factory Africa (FFA) Venture Scale programme.
HUMBL® and One Kiosk® will be teaming up to pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs® delivery network.
WARIF founder Dr Kemi DaSilva says she’s doubling down in her efforts to help vulnerable populations in rural Nigeria.
The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.
UN in Nigeria strengthens COVID-19 containment and care, mobilizes $2 million for key support to Government
The United Nations system in Nigeria has mobilized $2 million to help the Government’s efforts to contain the COVID-19 outbreak and care for those in the West African country stricken by the virus.
Mathias Pwol is the CEO and producer of Trillaman Studio, an entertainment and media startup based in Lagos Nigeria.
AFEX Commodities Exchange and FMDQ Holdings have formalised their partnership by executing a Memorandum of Understanding, solidifying their mutual interest in developing products to deepen the Nigerian capital market.
Shelf Drilling has announced an early termination of a drilling contract for a jack-up rig operating offshore Nigeria.
9mobile, has added Kaduna to the list of cities that now enjoy superior quality service, thanks to the expanded coverage of the telco's 4G-LTE service in the historic city.
The Nigerian Postal Services (NIPOST) has joined forces with Dubai based Ukpa Hansa Energy to disseminate solar systems in the rural areas of Nigeria.
Mastercard has launched the rollout of its first 2020 Girls4Tech programme in Nigeria.
Nigeria's smartphone market grew 5.3% quarter on quarter in Q4 2019, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).
The AfDB and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions.
MusicTime®, the world’s first time based music streaming application has revealed its new corporate identity.
Facebook has launched a Community Accelerator programme that will target projects and initiatives from three sub-Saharan Africa (SSA) countries – South Africa, Kenya and Nigeria.
Orange Digital Ventures Africa has announces its latest investment on the African continent by leading the $1.5m seed investment round in Youverify.
Nigeria could derive huge socio-economic benefits from the commercial deployment of 5G Networks, Nigerian Communications Commission said during a panel discussion hosted by the Commission at Social Media Week Lagos.
[Nigeria] Actis acquires majority stake in Rack Centre, announces plans to build a $250 million African data centre platform
Leading investor of private capital into global emerging markets, Actis has acquired a majority stake in Nigeria’s leading, independent, co-location business, Rack Centre.
Dochase is a Nigerian data startup that assists businesses understand their markets, clientele with a view to boosting their sales and customer numbers.
Members of The Nigerian Stock Exchange (NSE) passed requisite resolutions for the demutualisation of The Exchange during a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM).
IFC announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in Nigeria.
IFC announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.
See how to position yourself to take advantage of an uplift in activity as the Nigerian government puts well intervention at the forefront of production plans
The Transmission Company of Nigeria (TCN) signed an MoU with the Government of Ekiti State on the construction of the Ado Ekiti – Ilupeju and Ado Ekiti – Ijesha Ishu 132/33kV Transmission line.
FPSO Abigail-Joseph has set sail from Singapore to the Anyala & Madu fields in Block OML 83 & 85, offshore Nigeria, marking the successful completion of its conversion and life extension phase.
Keppel Offshore & Marine through its wholly-owned subsidiary Keppel Shipyard, has delivered the world’s fastest brownfield FPSO vessel modification and upgrading project to be deployed in Anyala-Madu field, Nigeria.
In celebration of Black History Month, WorldRemit, a fintech company and provider of international money transfer services, has launched the inaugural Top Ten Most Influential Africans in the Diaspora list.
Babatunde Akin-Moses is the CEO of Sycamore a Nigerian company offering peer to peer lending while connecting lenders to borrowers.
Reuben Abuloye is the CEO of Buyavrika, a Nigeria-based startup that provides an online market place for African Art and African inspired wear.
Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company, Enugu.
ADM Energy has entered into a sale and purchase agreement with EER Nigeria to acquire, subject to satisfaction of certain conditions, a participating interest of 2.25% from EER.
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making it even easier for individuals that have little or no access to smartphones or the internet to access the financial services.
Nigerian startup Soso Care has launched a low-cost micro-health insurance platform that can be paid for by collecting recyclable materials.
Ringier Africa Digital Publishing (RADP), one of Africa’s leading media groups is unifying its assets across the continent - to form one integrated media company under the Pulse brand.
The World Bank approved six projects to support Nigeria’s development priorities.
The Nigerian Stock Exchange (NSE) has published the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
DOF Subsea has been awarded two contracts for international clients in Africa, securing further vessel and resource utilisation in Q1 and first part of Q2 2020.
Nigeria's telecom operator 9mobile in association with Google, and communications solutions provider Kirusa recently hosted a workshop in Lagos for Mobile Network Operators (MNOs)
Airtel attains 100 million subscriber mark in Africa, with bulk of revenue from Nigeria and East Africa
Airtel's overall customer base in Africa grew by 9.4% to reach 107.1 million. This is according to the India-based telco group financial results for the 9-month period ending on December 31, 2019, announced recently
[Nigeria] MDXi to unveil first locally available Microsoft Stack Cloud in partnership with Microsoft
MDXi, MainOne’s data center subsidiary, will announce the local offering of Microsoft’s Azure Stack to its customers as part of its ‘Managed Cloud Services’.
SunFunder has made its first investment in Nigeria, part of a facility of up to $4m with commercial and industrial (C&I) solar developer, Daystar Power.
The USTDA awarded a grant to NNPC Gas and Power Investment to provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja, Nigeria.
Carbon has set up a $100,000 Pan-African fund to address the lack of funding and support holding back budding tech entrepreneurs on the continent.
Jaiz Bank, Nigerian non-interest Sharia-compliant financial institution, has declared a profit after tax of N1.79 billion in its 2019 unaudited financial results as submitted to the Nigerian Stock Exchange.
Nigeria’s Green Africa Airways, has signed an MoU for 50 A220-300 aircraft, one of the largest orders to be placed globally for the A220 programme and the largest ever from the African continent.
QURAS, a next-gen blockchain protocol that enables anonymous, private-protected transactions, has partnered with the blockchain non-profit association in Africa, Blockchain Nigeria User Group.
The National Automotive Design and Development Council (NADDC) said automotive manufacturing companies in Nigeria made over N360 billion investments into the country’s economy in year 2019.
Paxful believes that the world has much to learn from Africa about the future of the crypto-economy and that 2020 will be a landmark year for the African crypto and blockchain industry.
Oluwatosin Dada is the CEO of Dadus Properties, a Nigerian real estate startup of property development and management consultants.
Nigerian fintech start-up, Aella has raised a $10m debt financing round, from HQ Financial Group to bolster the company’s commitment to serve the underbanked population in West Africa.
Global aviation software provider Ramco Systems has announced the successful implementation of its Aviation Suite V5.8 at Aero Contractors Company of Nigeria Limited.
Facebook is partnering with nine non-profit organizations and government agencies throughout sub-Saharan Africa to raise awareness about Internet safety and security.
The African Development Bank reaffirmed its full support for the Lake Chad Basin Commission (LCBC), which brings together Cameroon, Niger, Nigeria and Chad, faced with the threat of the jihadist group Boko Haram.
CapitalPower Multimedia Ltd is a Nigeria-based multimedia startup whose core services include photography, videography, documentary production, drone services, animation, graphic design and prints.
[Nigeria] NSE appointed Executive Committee Member of the Financial and Information Services Association
The Nigerian Stock Exchange (NSE) announces its appointment as Executive Committee (EC) member of the Financial and Information Services Association (FISD), a division of the Software and Information Industry Association (SIIA).
Nigeria-based company Layer3 and the global IoT company LORIOT have announced their partnership aimed at introducing new Internet of Things solutions in Nigeria.
Nigeria's Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has directed the Nigerian Communications Commission (NCC) to revise policies on SIM card registration and usage
TLcom, the Africa-focused venture capital firm, has announced it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71m.
Nigerian real-time verification startup Chekkit is among the 12 startups from around the world that have been inducted into 8th edition of the Merck Accelerator.
The U.S. government, the Bailiwick of Jersey and the Government of the Federal Republic of Nigeria signed an agreement to return more than $308 million to the Nigerian people.
TLcom, the Africa-focused Venture Capital firm, today announces it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71mn
54gene, the African genomics research, services, and development company, has announced the launch of the African Centre for Translational Genomics, an initiative established to facilitate translational genomics research by African scientists.
Luno has introduced faster and automated withdrawals to its Nigerian customers, which means users are no longer restricted to daily withdrawal schedules.
Carbon, Nigerian digital financial services company, has unveiled an iOS app, making it the first digital lender in Africa to be able to initiate and complete an entire loan cycle via an iOS app.
Interswitch, a leading technology-driven company with a focus on the digitisation of payments in Nigeria and other African countries has listed N23 billion Bond on the Nigerian Stock Exchange.
As part of its ongoing commitment to Nigeria, MTN announced a capital investment programme of $1.6 billion over the next three years to strengthen and expand its network and operations in the country.
In line with its drive to deepen the Nigerian capital market, the new NSE Growth Board will encourage Small and Medium-sized Enterprises in their growth phase to seize the opportunity of raising long term capital.
Represented by the pan-African law firm Centurion Law Group in its entry into Central Africa, Turkish Airlines has added Malabo, Equatorial Guinea to its route network.
Kaspersky found 30,982 malicious files that used the names of artists or their tracks in order to spread malware.
Union Bank of Nigeria has announced that it has entered a share sale and purchase agreement to divest its 100 per cent equity stake in Union Bank UK.
The Nigerian Stock Exchange (NSE) today launched its Growth Board at The Exchange in Lagos, Nigeria.
Global mobile payments company WorldRemit saw a 43 per cent growth in remittances to Africa from higher income nations in 2019.
The African Export-Import Bank (Afreximbank) signed documents to complete the registration of a 300-billion Naira medium-term note with the Securities and Exchange Commission under the Bank’s local currency programme.
Google has launched its first Google Developers Space for African developers, entrepreneurs and startups in Lagos, Nigeria.
Eni signed a new long term contract for the purchase of 1.5 million tonnes of liquefied natural gas with Nigeria LNG, a joint venture between NNPC, Shell, Total and Eni, with Eni having a participating interest of 10.4%.
DFC, Merck for Mothers, Credit Suisse, and USAID will pursue supporting LifeBank’s efforts to expand access to lifesaving medical products namely blood and blood products for mothers in Africa.
The National Economic Council (NEC) has welcomed an urgent call from stakeholders to halt malnutrition and related issues in Nigeria.
NHV Group and Tropical Arctic have entered into a teaming agreement to allow both companies to jointly pursue strategic opportunities in Nigeria and West-African offshore industry.
Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia.
The Nigerian National Petroleum Corporation and the Petroleum Technology Association of Nigeria have pledged to partner on ways to bolster production activities in the nation’s oil and gas sector.
Nigeria’s telecommunication company 9mobile has launched 'Enin', a personal digital customer assistant on the 9mobile network.
Opportunity2030: The Standard Chartered SDG Investment Map reveals a $197 billion opportunity for private-sector investors in five high-growth markets in Africa.
Nigeria’s fintech and payment startup, Flutterwave, has raised about $35 million series B funding from Worldpay FIS.
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
The Nigerian Government has signed an MOU with International Business Machines (IBM) West Africa, for partnership and collaboration in the area of Digital Skills Development in Nigeria.
The Transmission Company of Nigeria (TCN) has successfully completed the installation and commissioning of yet another power transformer, this time in its Asaba Transmission Substation, Delta State.
The Nigerian Stock Exchange announced that the Securities and Exchange Commission did not object to its planned conversion from a not-for-profit entity limited by guarantee into a profit-making, public limited liability company.
The UK’s Department for Digital Culture, Media and Sport launches scheme to develop next generation of African start-ups.
The Central Bank of Kenya has approved the acquisition of 100% of Transnational by Access Bank effective February 2020.
Yale University President, Peter Salovey, has announced that Yale will co-sponsor two upcoming meetings of the African Linguistics School, which is devoted to collaborative training and research on generative linguistics in Africa.
Africa Oil announces the closing of the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. in Nigeria.
The UK is boosting support to female entrepreneurs in Africa, helping them overcome barriers to starting businesses and connecting them to global markets, announces the International Development Secretary Alok Sharma.
The Board of Directors of Unilever Nigeria has appointed Mr Carl Raymond R. Cruz to the Board as the Managing Director, effective 1 February, 2020.
Clarke Energy, a Liverpool engineering company is helping African businesses reduce carbon emissions thanks to innovative hybrid engines.
[Nigeria] Attorney General withdraws $2bn tax demand against MTN, refers matter relevant authorities
Nigeria's Attorney General (AGF has withdrawn the tax demand against and decided to refer the matter to the relevant authorities being the Federal Inland Revenue Service and Nigeria Customs.
Access confirmed for Nigerian bankers to CISI’s global professional development programme following accreditation
The significance of the CISI global professional development programme in Nigeria has been officially recognised by the Chartered Institute of Bankers of Nigeria’s (CIBN) accreditation of CISI as an Educational Service Training Provider.
African economic research has received a leg up from UNCTAD after it signed a new agreement to collaborate with the Nigeria-based Centre for the Study of the Economies of Africa (CSEA).
Africa Sokoni has entered into a partnership with Nigeria’s e-commerce platform Bolorims.com as they celebrate their second anniversary.
The African Export-Import Bank (Afreximbank) has received the certificate of occupancy for a five-hectare plot of land granted to it by the government of Imo State of Nigeria