Airtel Africa has launched a new brand campaign focused on building a deeper emotional connection with young people in Nigeria and other African countries. The campaign called ‘Reason to Imagine’ according to Airtel is driven by the insight that in Africa, imagination is the only qualification that matters and showcases the company’s role in harnessing …
Nigeria’s currency has depreciated by 57.45 percent against the dollar on the official foreign exchange market in the eight-year tenure of President Muhammadu Buhari. Buhari, who will leave office in less than two weeks, had in 2015 promised that his administration would help stabilise the naira. At the Central Bank of Nigeria’s (CBN) official window, …
From approving multibillion-naira contracts to signing deals, there are a series of last-minute economic decisions by Nigeria’s outgoing president, Muhammadu Buhari, that are expected to turn out to be a quagmire for his successor, Bola Tinubu. The administration of Buhari, who will hand over on May 29, has taken several major decisions in recent weeks. …
Photograph — Financial Tribune The African tech ecosystem has grown exponentially, with many governments and private organizations making efforts to support its development. Policy plays a crucial role in shaping the ecosystem, as it can create an enabling environment for tech entrepreneurs to thrive, attract investment, and promote innovation. Little wonder several tech-vibrant countries on …
2023 began with a mixed bag of celebrating another record year for startup funding, Africa’s first AI startup acquisition, and licking wounds from a layoff wave. Since then, we’ve seen more events than we bargained for in African tech. Nigeria’s artificial cash scarcity opened a door for fintech, Flutterwave reportedly suffered a hack, and we …
Here are three major stories from Africa’s business landscape you should keep in mind this week. A palliative for fuel subsidy Last week, Nigeria announced its intention to utilize an $800 million loan it obtained from the World Bank as a form of palliative measure, as the nation gears up to gradually eliminate fuel subsidies. …
The streets of South Africa have been pulsing with the sound of Amapiano for years, despite the dance challenges that are currently taking TikTok by storm. Amapiano is a distinctive and fascinating musical style that developed in South Africa’s townships. It fuses traditional African music with contemporary electronic beats. Amapiano can be compared to the …
Betting is a very lucrative business in Kenya and bookmakers are cashing out big time in the country. In 2019, gamblers spent over Ksh30 billion ($224.6 million) in a single month from gambling. These gamblers staked nearly 180 million individual bets in a single month in 2019, while bookmakers like Betin Kenya and SportsPesa raked …
Today’s volatile financial market is fraught with lots of interest rate risks and failure to stay ahead of this risk could leave banks exposed to potential losses stemming from changes in interest rates and the unpredictable economy, which could adversely affect their earnings or capital. A classic example is the collapse of Silicon Valley Bank …
Nestcoin has announced the launch of Onboard, a digital finance platform aiming to provide modern, world-class digital finance services that connect Africans to the global economy. African citizens, whether living on the continent or with interests in it, have long been excluded from financial instruments and opportunities to build wealth due to geography and a …