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The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with duty-free access to the US market for over 6,500 products. ....
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His Net Worth Rose 120% in 12 Months At most gatherings of Africa’s business elite, Aliko Dangote is the name in the room. The tower. The refinery. The scale that demands to be acknowledged. Abdulsamad Rabiu is often the other name — the one that earns a nod, a respectful qualifier, a “second-richest man in […]
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The first time Lanre Fadire understood what design really meant, he was standing beside a pond at Landmark University in Nigeria. He had built an automated fish feeder — a system that dispensed food at precisely timed intervals. It worked perfectly. The fish ate. The data logged. The mechanism functioned exactly as he had designed […]
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The sale was announced with the clinical neutrality that large financial transactions typically demand: 39.6 million shares of FirstRand, disposed of on the open market, raising R3.6 billion. Approximately $195 million. A rounding error to some; a statement to those who follow the architecture of South African capital closely. For Johann Rupert — South Africa’s […]
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In Kano, in northern Nigeria, in 1957, a boy was born into a family whose patriarch had once been the richest man in all of West Africa. The weight of that inheritance — not money, but expectation — would shape everything. Aliko Dangote started with a $500,000 loan from his uncle, a trading operation in […]
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Nigeria’s entrepreneurial engine is gaining fresh momentum as Transnational Corporation Plc (Transcorp Group) deepens its investment in young business leaders. Through its partnership with the Tony Elumelu Foundation, the Group is supporting 625 entrepreneurs in the 2026 cohort, contributing to a continent-wide program that will equip 3,200 African founders with $5,000 each to launch and […]
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The Beauty Startup Founder Collective has announced the founders selected for its inaugural cohort, bringing together entrepreneurs building across beauty technology, consumer beauty brands, and accessories. The founder-led initiative was created to support early-stage entrepreneurs navigating the intersection of beauty, technology, and consumer products by providing a connected ecosystem rooted in community, shared expertise, and access to critical industry […]
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