African countries defend large delegations at COP28

Several African governments are defending their decision to send large delegations to the COP28 climate conference in Dubai amid widespread criticism of financial extravagance. The UN’s attendance list revealed that Nigeria, Morocco, Kenya, Tanzania, Ghana and Uganda were among the countries that sent the biggest teams. Nigeria sent 1,411 people, followed by Morocco with 823

France halts investment in SA citing bad business environment

A clear line in the investor sand about the local business-unfriendly environment has been drawn by the news this morning that French businesses have decided to halt further investments in South Africa. News 24 reports that this position will only change once the government implements necessary reforms to provide a stable and competitive operating environment,

France halts investment in SA citing bad business environment

A clear line in the investor sand about the local business-unfriendly environment has been drawn by the news this morning that French businesses have decided to halt further investments in South Africa. News 24 reports that this position will only change once the government implements necessary reforms to provide a stable and competitive operating environment,

Mauritius: Wooing The Wealthy And Adding Value

The Mauritian economy is gaining strength by enticing the rich with benefits and adding value to its exports. The configuration of Africa’s investment and wealth landscape is experiencing a drastic shift, with Mauritius emerging as the central disruptor. Two reports give credence to this fact. The first, “Doing Deals in Sub-Saharan Africa 2023” by KPMG,

Paystack quietly obtained a switching and processing licence from CBN in April 2022

Nigerian fintech giant, Paystack, has received a switching and processing licence from the country’s banking regulator, the Central Bank of Nigeria (CBN). This is according to the updated Switching & Processing Licence Category list under the Licensed Payments Service Providers page on the apex bank’s website. This happened in 2022, but we have to journal

Nigerian startups 2023 shutdown costs investors $79m

Seven Nigerian startups that have announced they will be shutting down operations this year, will cost investors $79.15 million in funding deals, BusinessDay can report. The country has witnessed an unprecedented shutdown of startups in 2023 as about eight exited the tech ecosystem, citing operational difficulties. Seven of the startups are responsible for the $79.15