Business

According to the International Trade Centre, the local production of infant foods in Africa is no less than an underexploited opportunity. The continent imports an estimated $607 million of baby food a year, with the…

Lagos state in southwestern Nigeria has secured a partnership with African Export-Import Bank or Afrexim and Access Bank for an investment of $1.35 billion for infrastructure projects.  Babajide Sanwo-Olu, the Governor of Lagos, confirmed that…

Africa is becoming an attractive destination for investors and venture capitalists across the globe. The region boasts huge potential to become a notable player in key sectors such as technology, automobile, healthcare, renewable and telecommunication.…

Olaf Scholz, Chancellor of Germany, has said that his country is willing to invest in gas and minerals in Nigeria, an African country on the Gulf of Guinea. The investment is aimed at strengthening bilateral…

Jack Ma, the visionary founder of Alibaba Group, was inspired by the entrepreneurial spirit he encountered during his first trip to Africa in 2017. This led to the creation of the ABH programme, a commitment…

Nigeria, a country in West Africa, is set to cut the number of taxes levied by federal and state governments from 62 to fewer than 10. The Nigerian federal government, through the Presidential Committee on…

Sonatrach, the national state-owned oil company of Algeria, has planned a $1 billion project for natural carbon storage. Mohamed Arkab, the Minister of Energy and Mining of Algeria, has confirmed that 420 million trees will…

In a narrative so extraordinary, it could be whispered by the wind in tales passed down through generations, Nigeria is dancing its way to stardom on the grand global stage. Known affectionately as the "Heartbeat…

The Central Bank of Nigeria (CBN) just lifted the ban on importing 43 items like toothpicks and cement. Before this, if you wanted to import these, you couldn't use official foreign money routes. Now, you…

Futurelife is the brand that started out in KwaZulu-Natal back in 2007. The guy behind it, Paul Saad, wanted to make food that's packed with nutrients. In 2009, they launched their first cereal. It was…

South Africa's top four banks, Standard Bank, Absa, FirstRand, and Nedbank are also known as the 'Big Four' banks. These 4 banks collaboratively paid a total of R18.6 billion in taxes during the first half…

Nigeria, a country in West Africa, aims to invest $5 billion in tech startups for the next four years. The Nigerian authorities have developed strategies for $5 billion in annual tech startup investments in order…

New cannabis laws are being considered in South Africa, and there's a chance for people to share their thoughts on these laws.  The people in charge of this, called the Portfolio Committee on Justice and…

Capitec CEO, Gerrie Fourie, believes South Africa has potential despite its challenges. He thinks the government should cooperate more with the private sector to improve the country's situation. During a recent presentation, Fourie expressed optimism…

The future of Spar Group Ltd is uncertain after experiencing $95 million software (SAP) trouble and the resignation of its IT chief Mark Huxtable. Spar (Spar Group Ltd.) is a major South African food and…