African start-ups to watch in transport and logistics
It’s pure chance, but the two transport and logistics start-ups in our selection were each founded by a pair of brothers, one from Senegal, the other from Nigeria. Here are their details. There’s more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report
Four killed in an attack on US convoy in Nigeria
Gunmen in Nigeria have attacked a US convoy, killing four peoples. The victims include two personnel from the US consulate and two police officers. Three others were kidnapped before their vehicle was set on fire. Reports say the attack took place in south-eastern Anambra state. A rescue and recovery operation is under way. No US
Africa’s Renewable Energy Outlook: We Must Be Pragmatic About Our Current Realities (By NJ Ayuk)
Renewable energy holds great promise for Africa. As more and more operators invest in the continent’s clean energy and energy transition objective, we will undoubtedly see continued growth. At the African Energy Chamber, we are excited about the possibilities. And yet our excitement is tempered by a bit of reality: Africa’s current renewables capacity and
LIDW23: Changing perspectives on arbitration in Africa
The preconception of Sub-Saharan Africa as a disputes minefield belies the diversity of judicial approach… The preconception of Sub-Saharan Africa as a disputes minefield belies the diversity of judicial approaches to arbitration and of the region as a whole, according to a lively discussion during London International Disputes Week. Differing views about the success of
Currency depreciation pushing up public debt in sub-Saharan Africa
The International Monetary Fund (IMF) says the depreciation of sub-Saharan African currencies against the US dollar pushes up public debt stock. This is contained in the global lender’s recent blog post titled ‘African Currencies Are Under Pressure Amid Higher-for-Longer US Interest Rates’. Countries in sub-Saharan Africa include Nigeria, Angola, Kenya, South Africa, Ghana, Chad, Ethiopia
Deal Source Africa platform launched to bridge the funding gap for African businesses
Deal Source Africa (https://DealSourceAfrica.co/), a comprehensive program to connect African businesses with investors and transaction advisors and African Impact Funds with investors, officially launched at the West Africa Deal Summit held in Accra yesterday. The program will help to bridge the $331 billion funding gap for African SMEs, especially those with high growth potential by
Ghana raises electricity tariffs by more than 18%
Ghana has raised the average end-user tariff for electricity by 18.36% for the second quarter of 2023, adding on to an almost 30% increase in the first quarter, its utilities regulator said on Wednesday. The West African country is grappling with soaring inflation, debt and a depreciating currency that pushed it to the brink of
Four technologies that can drive Nigeria’s cashless economy
Four technologies that can drive Nigeria’s cashless economy – Businessday NG
Social media put pressure on African e-commerce platforms
A new study reveals that MSMEs in six African countries are increasingly choosing social media … Ethiopia. Ghana. Kenya. Nigeria. South Africa.
Two African women tie the knot in a beautiful and plush ceremony in the US
– Advertisement – Two Nigerian women, Elizabeth Ekpo and Krystle Ekpo, have broken the boundaries of love as they get married in the United States. In a beautiful ceremony held at Chateau LeMoyne – French Quarter in New Orleans, United States, the couple exchanged their wedding vows and tied the nuptial knot in the presence