No fewer than 37 start-ups in Africa announced a total of $135m in funding through $100k+ deals (equity, debt, grants; excl. exits) in May 2026. According to the latest stats shared by Africa: The Big Deal, deal activity improved again after April (32) and the March low (22), but remains below the previous 12-month average…
Nigeria’s epileptic electricity situation is costing the economy more than $35billion (about ₦48 trillion) annually, according to a new economic brief released by financial expert and Director of Arthur Group, Martins Itua. The report blamed the losses to chronic power shortages, widespread reliance on self-generated electricity, disrupted business operations, damaged equipment, and post-harvest losses across…
Africa’s digital commerce ecosystem is at a critical turning point. While significant progress has been made in payments, financial technology, and online transactions, industry leaders agree that the next phase of growth will depend on how effectively businesses reduce operational friction, embrace emerging technologies, and build trust across borders. These issues took centre stage at…
Global pressure on corporations to provide transparent climate and sustainability disclosures is reshaping reporting standards across capital markets. Anticipating that shift, MTN released its first sustainability report in 2018. And it has just published its 2025 Sustainability Report in compliance with International Financial Reporting Standards (IFRS) S1 and S2. It is one of the few…
The quality of content subscribers consumes and the increasing number of connected devices all contributes to higher data usage, it was gathered at the weekend. Chief Executive Officer of MTN Nigeria, Dr Karl Toriola, who spoke in Lagos underscored the growing importance of data in today’s digital economy and the importance of trust and greater…
The Bank of Industry (BOI) has been recognised with two prestigious awards at the recently concluded EMEA Finance Achievement Awards, reinforcing its position as a leading development finance institution driving inclusive and sustainable economic growth across Africa. The Bank received the Best Sustainability Deal in Africa Award for its financing intervention under the Nigeria Distributed…
The Nigerian Communications Commission (NCC) has commended the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, for championing initiatives aimed at empowering the younger generation with digital knowledge and skills, especially the Nigerian girls. Speaking while conducting 185 contestants of the 2026 National Girls in ICT (NG-ICT) Competition on a tour of the…
As Nigeria intensifies efforts to expand non-oil revenue and improve tax collection under its fiscal reform agenda, corporate tax contributions from major private-sector operators are becoming increasingly critical to government financing. Supporting that drive, MTN Nigeria said it has paid N878.7 billion in taxes, levies and duties to federal and state authorities in the 2025…
The African Public Relations Association (APRA), today, signed a Memorandum of Understanding (MoU) with the Namibian Press Agency (NAMPA). This was sequel to an earlier invitation by NAMPA to APRA to co-host the 2026 Effective Communicators Conference (ECC), scheduled to take place from 14th – 17th July 2026 at The Dome, in Namibia’s adventure capital…
