Sony Ventures launches $10M fund to invest in African entertainment startups

Fintech has traditionally been the darling of venture capital in Africa, receiving almost half of the investments in 2022. On the other hand, entertainment tech startups in the continent have historically struggled to attract consistent venture capital investments. That’s why Sony Ventures, a unit of Sony Corporation, is charting a different course by starting its

IMF projects South Africa will displace Nigeria as continent’s largest economy in 2024

South Africa has been projected to surpass Nigeria as Africa’s largest economy in 2024. This is according to reports from the International Monetary Fund in its recent World Economic Outlook. The IMF’s World Economic Outlook anticipates South Africa’s gross domestic product (GDP) to reach $401 billion by 2024 at current prices. The projected figure would

Can They Compete With Local Players? – Deadline

Africa is one of the fastest growing continents on the planet so it’s no wonder that global streamers have viewed the vast territory as the last frontier of growth in recent years. A young population coupled with a growing middle class and increasing internet connectivity (albeit the latter very slowly) has seen companies like Netflix,

Nigeria to lose crown as Africa’s biggest economy to South Africa

South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South Africa’s gross domestic product reaching $401 billion based on current prices in 2024, compared with Nigeria’s $395 billion and Egypt’s $358 billion. Africa’s most industrialized nation

NDLEA Apprehends Two Wanted Drug Kingpins || Business Post Nigeria

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has announced the arrest of two highly wanted heads of transnational criminal organisations with a multi-billion-naira worth of illicit drugs. The duo, who concealed cocaine and heroin in their bellies, were nabbed after NDLEA operatives intercepted consignments designated to Paris and Doha at the Nnamdi

English judge rejects Ghana’s alternative means of service plea

The High Court has ruled that State Immunity Act provisions do not apply as Trafigura seeks to enforce a… The High Court has ruled that State Immunity Act provisions do not apply as Trafigura seeks to enforce a multimillion-dollar arbitral award. The English High Court has denied Ghana’s application to set aside an order permitting

Top African countries for real estate investment

The continent’s economic landscape is diverse, with nearly fifty countries, but many have undergone economic reforms that make them attractive for business. Despite challenges such as corruption and transparency issues, Africa provides returns on investment that are hard to find elsewhere. In the first decade of this century, African countries delivered impressive annual returns of