News
Nigeria: Ecobank Nigeria Redeems $300m Eurobond, Shifts Focus to Domestic Funding
Ecobank Nigeria has successfully repaid the full outstanding principal and accrued interest on its $300 million Eurobond due February 16, 2026, marking a ...
News
Nigeria and South Africa Lead Stablecoin Adoption as Usage Nears 80%
Nigeria and South Africa are emerging as frontrunners in Africa’s stablecoin expansion, with close to 80 percent of cryptocurrency users in both markets ...
Nigeria
Nigeria: FG, Japan Launch $50m Impact Innovation Fund to Boost Nigerian Startups
The Federal Government has formalised the establishment of a $50 million Impact Innovation Fund aimed at strengthening Nigeria’s startup ecosystem and supporting ventures ...
News
Nigeria: Ecobank Nigeria Drives Cross-Border Trade Agenda to Accelerate Africa’s Economic Integration
Ecobank Nigeria has reinforced its commitment to strengthening cross-border trade and advancing Africa’s economic integration following the successful hosting of its Customer Forum ...
News
Nigeria: PenCom DG Highlights Informal Sector as Next Frontier for Pension Growth and Capital Formation
The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has identified Nigeria’s vast informal sector as a critical growth frontier for pension ...
Africa
Africa: UBA UK Targets $100bn Trade Finance Gap to Boost Africa’s Global Trade
The Chief Executive Officer of UBA UK, Loknath Mishra, has unveiled an ambitious strategy to help close Africa’s estimated $100 billion trade finance ...
Nigeria
Nigerian Banks Clear N300bn USSD Debt, Telcos Confirm
Telecommunications operators have confirmed that Deposit Money Banks (DMBs) have fully settled the estimated ₦300 billion owed for Unstructured Supplementary Service Data (USSD) ...
Kenya
Kenya: Safaricom’s $2.1 Billion Stake Sale to Vodacom Sparks Massive Public Backlash in Kenya
Public meetings about the Kenyan government’s plan to sell a 15% stake in Safaricom for about $2.1 billion have ended. The meetings gave a clear ...
Egypt
Egypt’s Flextock Secures $12.6 Million Series A from TLcom Capital to Scale E-Commerce Fulfillment Across MENA Region
Egyptian e-commerce startup Flextock has secured $12.6 million in a Series A funding round. The investment is led by TLcom Capital, a pan-African venture ...
News
Nigeria: Data privacy issues threaten Nigeria’s financial inclusion
Growing concerns over data privacy and security are emerging as a significant barrier to Nigeria’s financial inclusion drive, despite years of investment in ...