20 Startups And Scaleups To Pitch At AFA@11 – Supported By TRIFIC
Chanzo Capital, in partnership with Startup Bootcamp Africa, MEST Africa, ANTLER, iHub and GrowthAfrica, has selected ten startups and ten scaleups from Tanzania, Kenya, Ivory Coast, Nigeria, Ghana, South Africa and Mozambique to pitch at the 11th Angel Fair Africa on November 7-8 at the Two Rivers International Finance and Innovation Center (TRIFIC) in Nairobi, […]
Building Africa’s Digital Future: A Blueprint For Accelerating Digital Public Infrastructure
The African continent is at a pivotal moment in its digital transformation journey. At a recent panel discussion, leading experts from across Africa and global organizations delved into the feasibility and application of Digital Public Infrastructure (DPI) in Africa. The conversation centered on building an African DPI blueprint to catalyze inclusive growth, regional integration, and sustainable development. […]
Modest Growth Forecast for Economies in the Middle East and North Africa Amid Rising Uncertainty
While GDP is subdued in 2024, accelerating reforms would spur inclusive growth Copyright (c) 2023 O’SHI/Shutterstock WASHINGTON, USA 18 October 2024-/African Media Agency (AMA)/– Growth continues to be subdued in the Middle East and North Africa (MENA) because of uncertainties heightened by the conflict in the region, says the World Bank in its latest semi-annual MENA Economic […]
Global Media Bias Costs Africa’s Economy $4.16 Billion Every Year
According to the Cost of Media Stereotypes to Africa study, Africa loses up to $4.16 billion annually in inflated interest payments on sovereign debt due to negative stereotypes perpetuated by global media coverage of the continent. The research, conducted by the organizations Africa Practice and Africa No Filter, shows that media portrayals, especially during elections, […]
Dangote Refinery Cuts Nigeria’s Reliance on Petrol Imports
According to a report by S&P Global Commodity Insights, Nigeria’s petrol imports experienced a sharp decline in the first two weeks of October following the ramping of production by the Lagos-based Dangote Refinery. The report revealed that Nigeria imported only 280,400 barrels of petrol in the first week of October, compared to the previous weekly […]
CEO Jamie Dimon Reveals JPMorgan’s African Ambitions
JPMorgan Chase plans to expand its footprint in Africa, beginning with Kenya and Ivory Coast, according to CEO Jamie Dimon. The US’s largest lender aims to enter a new African market every few years, focusing initially on commercial and investment banking, treasury services, and possibly lending. While it already offers asset and wealth management in […]
Russia Plans to Build Refinery in the Republic of Congo
Russia is set to collaborate with the Republic of Congo to build an oil refinery, marking a significant step in their energy partnership. Jocelin Patrick Mandzela, Congo’s Honorary Consul in St. Petersburg, revealed these plans during a recent engagement with Russian media. The collaboration follows a recent agreement between the two countries that will see […]
Nigerian Startup Boosts Country’s Lithium Ambition
Nigeria’s push to build a value-added supply chain for critical minerals, especially lithium, is getting support from e-marketplace startup Sabi. The Lagos-based company has secured deals with Italy’s Snowball Holdings and US-based Transition Resources to supply and support their lithium processing plants, which will be constructed in Nigeria within the next year. These plants are […]
Horn of Africa Faces New Threats Amid Egypt-Ethiopia Feud
Tensions between Egypt and Ethiopia have escalated in the Horn of Africa, raising concerns over potential proxy wars. Egypt has deepened its involvement in the region by arming Somalia and deploying troops there, aligning with Somalia after Ethiopia signed a controversial port deal with Somaliland. This deal, which saw Ethiopia recognize Somaliland’s independence, angered Somalia, […]
EU Partners with Senegal to Curb Irregular Migration
The European Union (EU) has announced a €30 million ($32.6 million) package aimed at preventing irregular migration from Senegal, where thousands of migrants risk dangerous journeys to reach Europe each year. Jutta Urpilainen, the European Commissioner for International Partnerships, announced the package on Wednesday during a trip to Dakar. She told journalists that the funds […]
