As Nigeria’s government continues to face the challenge of making the country more business-friendly across all sectors, the Corporate Affairs Commission (CAC) has been described as a barrier to the ease of doing business in the country. The processes for business incorporation are among the metrics for determining how burdensome or flexible it is to …
Africa’s tech landscape is rapidly evolving and so is its startup culture. As a result, many African startups are now taking centre stage, with their innovations and creative ideas gaining recognition on a global scale. From Nairobi to Lagos, young entrepreneurs are leveraging technology to solve local problems and create innovative new businesses. These startups …
In July 2021, Guaranty Trust Bank Plc, one of Nigeria’s foremost lenders, made a corporate reorganization into GTCO, a holding company. This reorganization meant the company would start offering services beyond banking, such as payment service solutions. Now GTCO has released its full-year financial statements for 2022, marking its first anniversary as a holding company. …
Africa is estimated to have a population of 1.4 billion people, making it the second-largest continent in the world. With the youngest population currently, the continent is projected to be the future of the global workforce in the next couple of decades. Unfortunately, Africa lacks a good healthcare system. While the region bears over 24% …
Admirals, a global fintech leader with 22 years of experience and expertise, is pleased to announce the establishment of its physical presence in Nigeria, aiming to further position itself as a major financial services provider in the African continent. With the latest launch, Admirals offers a wide range of financial products and services to Nigerian traders, including trading with Stocks, Forex and CFDs on indices, metals, energies, stocks, bonds and digital currencies, as well as boosting financial literacy in the region with …
Here are three major stories from Africa’s business landscape you should keep in mind this week: Billionaires battled for Transcorp Over the past few weeks, two of Nigeria’s wealthiest men battled for control of the Transnational Corporation of Nigeria (Transcorp) Plc, one of the country’s biggest conglomerates. It all started on April 12th when Femi …
A record-breaking number of applications is expected as 21,000 entries were received three weeks ahead of the deadline Africa’s Business Heroes (ABH) Prize Competition is calling for the participation of business professionals from across Africa as judges of its 2023 edition, as it is on course to be bigger and better this year. With less than three …
Today, there is a familiar narrative one encounters outside of Africa in which food issues on our continent tend to be framed mainly in terms of challenges. But the reality for many young Africans like ourselves is quite different. For us, food is the source of exciting business opportunities—especially for the growing number of small …
What if you could hold a piece of gold in your pocket without ever having to worry about its safety? Well, In Zimbabwe, that would soon be the norm. Zimbabwe’s Reserve Bank (RBZ) recently announced its plan to issue a gold-backed digital currency as a legal tender. It will enable people who have small amounts …
The entrepreneurial ecosystem in Africa is thriving, but it can be complex and challenging to navigate. Despite an abundance of brilliant business ideas, entrepreneurs often face obstacles such as infrastructure challenges, regulatory barriers, limited access to funding, and a lack of quality education and training, in addition to cultural factors. Innovative solutions and collaboration among …