Itohan Iyoha, a 45-year-old teacher, was among the millions of Nigerians who thronged the streets to celebrate the victory of Muhammadu Buhari in 2015, when he was declared the winner of the presidential election. Little did she realise that eight years later, her N60,000 salary would no longer take her home. “It was quite challenging …
Netflix has been making headlines recently with its plans to expand across Africa. The streaming giant recently released its socio-economic report, showing how well it has done since making its way to sub-Saharan Africa in 2016. According to the report, the company invested a total of $175 million in South Africa, Nigeria, and Kenya from …
Payday, the leading Pan-African neobank issuing global (USD, GBP & EUR) accounts to Africans, has announced its re-entry into Rwanda, following the official launch of SpaceX’s Starlink in the East African country. The re-entry into Rwanda marks a significant milestone in Payday’s Pan-African and global expansion plans, as well as its burgeoning working relationship as …
AFEX, a leading commodities market player, announces the expansion of its annual Code Cash Crop into Kenya and unveils “Scaling Market-Led Solutions”, as the theme for the event which is set to hold in August 2023. The firm is also now accepting applications from talents in Kenya for the Ag-hackathon component of the event. Code …
WAGMI. Barely two years ago, this was one of the most popular social media slang. The term, which means We’re All Gonna Make It, was a bold declaration that crypto would enrich everyone who actively participates. Everyone who didn’t believe in this dream was supposedly NGMI (Not Gonna Make It). Predictably, Africa was not left …
In case you missed it, here are three major stories from Africa’s business landscape this past week: Twitter removes ‘legacy’ verified blue ticks Last Thursday, many Twitter users said goodbye to its ‘legacy’ blue ticks following Elon Musk‘s controversial decision to switch up the platform’s verification system. Previously Twitter’s verification system aimed to ensure that …
It’s been a long 220 days since Kenya inaugurated a new president. Although we predicted William Ruto would face a tough job, the burden seems even heavier. The administration has been under immense pressure for several matters, with finance taking the front seat. Kenya’s government is facing a financial crisis. They have not paid their …
In the last ten years PayGo – the method of distribution and financing of off-grid solar home systems (SHS) – has revolutionized the effort to bring clean, renewable energy to people in Africa without access to electricity. It is estimated that 490 million people are accessing energy through off-grid solar solutions worldwide. In Africa, nearly …
African countries have unique challenges when it comes to the cost of living. But at the end of the day, it all boils down to factors like economic policies, inflation, and the cost of essential goods and services. These are the main culprits that determine how much it costs to live in an African country. …
“The chronic instability and political deadlock since the coup in 2019 has had serious economic consequences in Sudan,” -Ovigwe Eguegu, Policy Analyst at Development Reimagined. Saturday, 15th of April was a day of terror in the North African country of Sudan as tensions between the army and the Rapid Support Forces (RSF) escalated to an …