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
Centurion Law Group Navigates Legal, Regulatory and Tax Frameworks at African Energy Week (AEW) 2023 | The Guardian Nigeria News
A Technical Track hosted by pan-African legal and business advisory group, Centurion Law Group, held during the 2023 edition of African Energy Week (AEW) (www.AECWeek.com) – taking place in Cape Town from 16-20 October – explored the legal, regulatory, and tax frameworks throughout Africa. The technical track kicked off with opening remarks by Centurion Law
Bloomberg Media Initiative Africa Launches Financial Journalism Training Program in Senegal and Côte d’Ivoire
Published 3 hours ago Submitted by Bloomberg Originally published on bloomberg.com Bloomberg Media Initiative Africa (BMIA) has launched in francophone West Africa for the first time. More than 100 delegates participated in Bloomberg’s Financial Journalism Training (FJT) program in Senegal and Côte d’Ivoire. The delegates are part of the first cohort to participate in the
NDLEA detains 2 wanted drug barons, arrests 2 others for ingesting 175 wraps of heroin – The Sun Nigeria
•Intercepts $4.8m, CFA57m fake currencies By Emma Njoku and Godwin Tsa, Abuja The National Drug Law Enforcement Agency (NDLEA) said its operatives have taken into custody two wanted heads of transnational criminal organisations with multi-billion naira worth of illicit drugs and assets seized from them after weeks of intelligence-led operations across the country and outside
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