In the wake of fuel subsidy removal, private car owners in Africa’s largest economy are increasingly turning their vehicles to car business services as a means to offset rising fuel costs. Akinolu Akinola, an IT officer who works at Ikeja and lives at Egbeda now charges his neighbors for transporting them to work to and …
Organised begging rising as Nigeria’s inflation keeps accelerating
You have been rate-limited for making too many requests in a short time frame. Website owner? If you think you have reached this message in error, please contact support.
AVPA, Sterling One Foundation call for applications for the Africa Social Impact Summit 2023 Deal Room
Sterling One Foundation and the African Venture Philanthropy Alliance have announced the upcoming ASIS 2023 Deal Room to be held on August 11, 2023, in Lagos, Nigeria. It aims to connect social impact enterprises with potential investors for funding opportunities. The deal room, managed by the African Venture Philanthropy Alliance (AVPA) alongside other technical partners …
Medical Inflation – How much will your medical aid premium increase in 2023
Members of medical aid schemes may already get notices in the mail about 2023 contribution hikes. You can always move to a different plan if you think the increase is too much, but you should be sure to compare like plans. The Council for Medical Schemes issued recommendations earlier this year, recommending that medical plans …
Can the rural markets unlock profits for African e-commerce?
“Treasure hunts make much better stories when there’s [actually] treasure at the end.” – Eric Berlin. E-commerce is one of the most widely adopted tech sectors in Africa. Since Jumia emerged as Africa’s first unicorn in 2016, many more businesses have emerged to cater to the market. However, one challenge has lingered: profits are hard to …
A beginner’s guide to investing in shares in Nigeria
Investing in stocks is a fantastic way to build wealth over time. With the advent of today’s technology, it has become more accessible than ever before. In this guide, we will walk you through the process of buying shares through social media platforms in Nigeria. Understanding the basics Before you start buying shares, it is …
Here is what a 5% uptick in diamond share means for Botswana and the global diamond market
Botswana will begin to earn more from its diamond wealth. After nearly five years of demand for diamond share increase, Botswana finally gets a 5% uptick on its previous 25% share in Debswana in the near term. This brings its current share in Africa’s largest diamond producer to 30% and a tentative agreement to increase …
Best place to buy Google Play gift cards
With the right tool, you can access unlimited entertainment and fun on the internet. Google Play gift card is just one of the perfect tools to gain that access. Talk of games, movies, TV shows, music, books, and any other related items, a Google Play gift card is the one to have. It’s also a …
Weekly Economic Index: Nigeria taxes its informal sector, suspends 5% excise duty on telecom, and Meta unveils Threads
Photograph — Beauty West Africa Here are three big stories from Africa’s business landscape you (probably) didn’t miss but should keep in mind this week: Meta unveils Threads Last week was not a regular week for Netizens globally. Facebook‘s parent company, Meta, finally unveiled Threads, a highly anticipated alternative to Twitter. Meta CEO Mark Zuckerberg describes Threads …
Riding the oil wave: Nigeria emerges as a leading oil drilling market in Sub-Saharan Africa.
Nigeria has equalled Angola as the largest oil drilling market in sub-Saharan this year, according to a report by Hawilti and the Caverton Offshore Support Group Plc. As per the recently published offshore rigs tracker report, a total of 38 drilling rigs have been engaged in offshore sub-Saharan Africa thus far this year. This signifies …