2023 started with a lot of uncertainty for the tech industry. Many companies have struggled to find their rhythm since the economic downturn in 2022. As a result, we’ve seen a lot of layoffs, shutdowns, valuation cuts, and expansion halts in the last one year. Tech funding in the first quarter of 2023 also painted …
The role of education in bridging the skills gap in Africa’s fintech
With six of the seven African unicorns in the financial technology (FinTech) sector, Africa’s FinTech sector is booming; industry experts expect the $15 billion 2021 valuation of the sector to double by 2025. Driving this surge in demand are factors like the youthful population, the growing internet population and access to mobile telephony. Besides changing …
Express your creativity and build community at LLF workshops and exclusive masterclass this 2023
The biggest leather fair in West Africa, Lagos Leather Fair is back for its 2023 edition, which will also play host to the first LLF exclusive masterclass, conversations and a series of workshops from June 15th, 17th, and 18th at the Balmoral Convention Center, Victoria Island, Lagos. The exclusive masterclass, conversations and workshops are designed …
ThriveAgric empowers over 500,000 smallholder farmers to scale food production in Africa
Leading agricultural technology company, ThriveAgric, has today released its 2022 Impact Report reiterating the company’s mission to build the largest network of profitable farmers and accelerate an Africa that feeds itself. In the year under review, the Nigeria-founded company scaled its operations into neighbouring Ghana, and Kenya in East Africa amongst other feats. Key highlights …
From creative power to women’s leadership – How Africa Soft Power is propelling African thought-leadership globally
In May, the Africa Soft Power Summit returned to Kigali, Rwanda for its second ‘physical world’ Summit in what represents the highest-level convening for Africa’s creative and tech industries, as well as women’s leadership. Across five action-packed days, leading voices and bright minds from the public and private sector organizations, as well as pioneering individuals …
WellaHealth is helping Nigerians in diaspora take care of their loved ones
It’s not news that providing healthcare in Africa is problematic. Even though standards vary from country to country, African healthcare often faces similar issues: not enough funding, too few doctors and low accessibility to health services. However, the fight against poor healthcare in Africa is not so simple. Despite widespread poverty in Africa, 50 per …
Fiducia aims to propel Nigeria’s supply chain finance ecosystem to new heights of growth
MSMEs are crucial for economic growth globally, including in Nigeria. And for a long time in Africa’s largest economy, they have served as the lifeblood fuelling economic growth and development by creating jobs, reducing poverty, and generating wealth. The International Labour Organisation (ILO) says that MSMEs account for 96 per cent of businesses, 84 per …
Weekly Economic Index: The future of the naira, South Africa’s momentum, and a new fintech player
Unifying the Naira exchange rate. Last week, Nigerians were thrown into a frenzy after reports emerged that the Central Bank of Nigeria (CBN) sold foreign currency to banks at a rate of N631 to a dollar during the weekly bidding. This was seen as a devaluation since just 24 hours earlier, the dollar had been …
A tribute to Nigeria’s bittersweet fuel subsidy
You were born in the 70s, in the aftermath of the global oil crisis that shook the world. You were a response to the soaring prices of crude oil, a way to shield Nigerians from the harsh realities of the international market. You were a gesture of goodwill from the government to the people, a …
Internet penetration in Nigeria hits new high with more opportunities for digital businesses
There are currently over 2.7 million new internet users in Nigeria. According to reports from the Nigerian Communications Commission, the first quarter of this year saw the number of internet users grow by 1.7%. As of December 2022, the number of Internet subscribers in Nigeria was 154.8 million. By March 2023, that number had risen to 157.5 …