African Tech Funding Declines 5% in Q1 2025, Reaching $460 Million
by African tech funding dropped by 5% in the first quarter of 2025 compared to the same period in 2024. Startups across the continent raised $460 …
Tag: African economy
Afrik DeFi to Engage Policymakers at WEF AI Summit in Rwanda
Afrik DeFi is set to make waves at the World Economic Forum (WEF) AI Summit in Rwanda, a landmark event that will bring together policymakers, …
Nigeria and South Africa make up half of Africa’s 22 billionaires.
According to the latest Forbes rankings, Africa’s 22 billionaires have collectively amassed a record-breaking fortune of $105 billion for the first time in history. Nigeria …
Africa Social Impact Summit to Address Climate Crisis and Foster Growth
The Africa Social Impact Summit (ASIS) is gearing up for its fourth edition, set to take place on July 10-11, 2025, in Lagos, Nigeria. Co-convened …
Djibouti, Ethiopia, South Sudan, and Uganda Sign Pact to Create Regional Trade Corridor
In a landmark move to boost economic integration, Djibouti, Ethiopia, South Sudan, and Uganda have signed an agreement to establish a regional trade corridor. This …
Top 10 Insurance Companies in Africa
Africa’s insurance sector is experiencing rapid growth. A rising middle class and increased awareness drive demand, making it crucial for individuals and businesses to choose …
Raenest Secures $11M Series A to Boost African Businesses
Nigerian fintech, Raenest is set to expand its reach across Africa. Raenest Secures $11M Series A funding to empower businesses and professionals on the continent. …
Ramaphosa Pledges More Reforms to Boost Growth, Revive SOEs
by President Cyril Ramaphosa has unveiled a bold new strategy to overhaul South Africa’s economy. He aims to boost growth and breathe life back into struggling …
USTDA and AfDB partner to advance quality infrastructure in Africa
The U.S. Trade and Development Agency (USTDA) and the African Development Bank (AfDB) have renewed their partnership, marking a significant step towards enhancing quality infrastructure …
Moniepoint secures a strategic investment from Visa.
Nigerian fintech unicorn Moniepoint has recently secured a significant strategic investment from Visa, a global leader in digital payments. This partnership marks a pivotal moment …