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 …
In 2013, a water source, which could supply Kenya for 70 years was discovered in the arid Turkana region of the country. Turkana is one of the hottest and driest parts of Kenya, and it was hit by a devastating drought in 2012. Many of the region’s inhabitants, who are nomadic herders, became vulnerable to …
Businesses and corporate lawyers in Nigeria have been beset by several challenges from the Corporate Affairs Commission (CAC) portal, with pressing transactions coming to a standstill as a result. There has been significant downtime on the portal, which barely functions for more than an hour per day. “The portal is usually inaccessible during the day,” …
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. …