Latest news on business in Africa

Skincare Firm, Uncover, Successfully Closes Oversubscribed $1.4m Funding Round

Uncover, Africa’s emerging beauty brand, has successfully closed a $1.4m Seed II funding round led by EQ2 Ventures and IgniteXL Ventures, with participation from Chui Ventures, Samata Capital and Altree Capital. As part of the round, Uncover also facilitated a significant secondary

July 15, 2024

Africa·Business

ATIDI’s Profit Increases By 205% In 2023

· Profit for the year increased by 205% to USD69.1 million as insurance revenue grew by 14% to USD155.7million · The results were validated during the Company’s 24th Annual General Meetings (AGM) held in Livingstone, Zambia, last week. · ATIDI’s next AGM is scheduled to take

July 2, 2024

Business·Markets

Financial Markets Week-end Summary – June 28, 2024

Nigeria Borrows N7.71 Trillion In Q1 2024 The Debt Management Office (DMO) reported that Nigeria’s new borrowing in Q1 2024 was N7.71 trillion. This included N2.81 trillion from the N6.06 trillion domestic borrowing provided in the 2024 Appropriation Act and N4.90 trillion

June 29, 2024

Nigerian Banks And Ghana’s Sovereign Debt Crisis

Africa·Business

Ghana Secures $5.4bn Debt Restructuring Deal, Paving Way For Economic Revitalization

Ghana has successfully negotiated a $5.4 billion debt restructuring deal with official creditors, including the Paris Club and China.

January 14, 2024

Gold remains too hot to chase, too hot to short

Business·Currency·News·World News

Global Investors Brace For Central Bank Showdown: Dollar Weakens, Gold Shines

In a week marked by pivotal central bank meetings, global financial markets remain relatively calm as investors prepare for key policy decisions. The US Dollar Index slips after nine weeks of gains, while gold shines amidst receding US yields. As the week

September 18, 2023

Business·Technology

TikTok Reaps Huge In One-year-old e-Commerce Business Venture

TikTok’s new online shopping business venture is paying off, as its e-commerce affiliate has gained substantial market share in Southeast Asia just a year after its launch, according to a report quoted by AFP on Thursday. Momentum Works, a consultancy focused on

June 15, 2023

Why Foreign Investments In Nigerian Startups Dropped By 65%

News·Technology

Lagos Startup Expo Begins Masterclass Session with Renowned Facilitators

Lagos Startup Expo, an extraordinary convergence of startups within Africa, is proud to announce the inclusion of an enlightening masterclass session

May 16, 2023

Africa·Finance & Economy

AFREXIM Bank: The Next 30 Years – Kingsley Moghalu

Kingsley Moghalu, former Deputy Governor of the Central of Bank of Nigeria (CBN), delivered a lecture at the AFREXIM Bank 30 years anniversary celebration in Cairo

May 9, 2023

Africa·Finance & Economy

AfCFTA: Africa Needs Stronger Regional Integration For Greater Economic Benefits – ECA Report

African countries have made commendable progress in implementing the regional integration agenda and promoting intra-regional trade, but more work is needed to accelerate the African Continental Free Trade Agreement (AfCFTA) and the ratification of the Protocol on the Free Movement of Persons,

March 17, 2023

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Skincare Firm, Uncover, Successfully Closes Oversubscribed $1.4m Funding Round

ATIDI’s Profit Increases By 205% In 2023

Financial Markets Week-end Summary – June 28, 2024

Ghana Secures $5.4bn Debt Restructuring Deal, Paving Way For Economic Revitalization

Global Investors Brace For Central Bank Showdown: Dollar Weakens, Gold Shines

TikTok Reaps Huge In One-year-old e-Commerce Business Venture

Lagos Startup Expo Begins Masterclass Session with Renowned Facilitators

AFREXIM Bank: The Next 30 Years – Kingsley Moghalu

AfCFTA: Africa Needs Stronger Regional Integration For Greater Economic Benefits – ECA Report

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