2024 budget exposes ‘Nigeria is a rich country’ myth

While Nigeria boasts of Africa’s biggest economy, its proposed 2024 budget pales in comparison to several of its peers on the continent. President Bola Tinubu will on Wednesday (today) present the 2024 budget of N27.5 trillion ($33 billion) to the National Assembly. This move comes as part of a strategic response to changes in the

New data reveals higher electricity access in Africa

This article was contributed to TechCabal by Seth Onyango via bird story agency. Emerging data is shedding new light on the electricity landscape in Africa, indicating the oft-cited statistics of those without power might be considerably lower than recent figures indicated. Fresh analysis suggests that more and more homes and businesses are being powered by

HOSTAFRICA expands African presence with Sasahost acquisition in Kenya

HOSTAFRICA bolsters its presence in the Kenyan market. HOSTAFRICA, a top-rated hosting provider, has announced its acquisition of the Kenyan hosting provider Sasahost, effective 1 December 2023. This acquisition marks HOSTAFRICA’s eighth strategic acquisition since its inception, significantly bolstering its presence in the Kenyan market following its previous EAC acquisition. This move is a part

AIF 2023 builds formidable powerhouse around investments in Africa

 The Africa Investment Forum (AIF) 2023 has lived up to its name, with investment promises amounting to $34.82bn made over the three-day Market Days event held in Marrakech, Morocco, in November. It was attended by financiers, investors, pension funds, policy makers, private equity firms and governments.  The pledged investments are across several sectors of the