Africa has recorded significant growth in internet penetration in the last 12 months. Statista reported that the continent had around 570 million internet users in 2022, a number that more than doubled compared to 2015. “Nigeria, the most populous African country, concentrates the largest number of users. These amounted to over 100 million in 2022, …
A few weeks ago, Canada extended its visa-free travel to a host of new countries. Accordingly, 13 new nations were added to the list of nations that could now visit the country using the electronic travel authorization program instead of a visitor visa. Only two African countries were added to the list – East Africa’s Seychelles and …
The vast potential for change in African countries has long been overlooked. Despite technological advancements, achieving a remarkable increase in efficiency by over 22% for the best solar panels in the solar industry, half of Africa’s 1.2 billion population still lacks access to electricity. As the continent’s economic growth outpaces other major regions, the urgency …
The recent surge in virtual properties has established a significant niche within the investment world. Propelled by the emergence of digital landscapes and metaverses, this novel avenue for wealth creation is intriguing investors globally. So, what is digital real estate? It involves owning a piece of property within a digital world, analogous to purchasing a …
Sterling One Foundation has announced a partnership with the United Nations to host the Africa Social Impact Summit (ASIS) 2023 in August. The event which will hold on August 10-11 at the Eko Convention Center, Lagos, will bring together key stakeholders in the African development space, including corporate executives, impact investors and development experts from …
Nigeria, with its large population and growing economy, has faced longstanding issues related to power generation, distribution, and access, which has consequently served as a bottleneck to its economic growth. Despite having the potential to generate a total installed capacity of 10,396MW of electricity the country only manages to transmit around 5000 Mega-Watts- just around …
Kenyan start-up MESH, the country’s first online community for young entrepreneurs in the informal economy, today announces it has reached 150,000 members. Launched to the mass market in November 2021, MESH connects young entrepreneurs and small business owners to vital networks, tailored training content, and for the first time, access to opportunities and services in …
As of Wednesday, June 21, 2023, the United Nations estimated Africa’s population to be approximately 1.435 billion people, about 16.72% of the global population. With such a population, the continent lacks proper healthcare facilities and good infrastructure to cater to its needs. Many African countries lack reliable healthcare facilities, adequate tools and staff. How can the …
Here are three big stories from Africa’s business landscape you (probably) didn’t miss but should keep in mind this week: The naira’s float is sinking it Earlier this month, the Central Bank of Nigeria implemented a clean float foreign exchange management system. This policy allowed the naira to trade freely against the dollar instead of …
“When it comes to making the world a better place, talented young people are the world’s most important assets. That’s good news for Nigeria because it has one of the biggest young populations in the world.” – Bill Gates, Co-Chair of the Bill and Melinda Gates Foundation. Recently, the Pan-African Youth Innovation Forum, put together …