Service sector recovery to drive Mozambique economy in 2025
For 2025, GDP growth is projected to reach 2.5 percent as economic activity picks up, especially in the second half of the year, driven by the recovery in the services sector, says…
Southern Africa’s critical minerals sector faces key financing gaps
A new report launched today by the World Economic Forum highlights that Southern Africa’s critical minerals sector faced key financing gaps.
Addis Ababa, Bogotá win Bloomberg Philanthropies road safety award
Addis Ababa, Ethiopia and Bogotá city of Colombia win Gold medal by Bloomberg Philanthropies for adopting best practices for urban speed limits, sustaining speed enforcement operations, and installing more than 640 concrete…
Digital literacy, cybersecurity challenge Africa’s banking growth
Backbase and African Banker launch landmark report on the future of digital banking in Africa that highlighted digital literacy gaps as the major challenge followed by cybersecurity concerns and limited access to…
Vertiv Holdings Co acquires Waylay NV
Vertiv Holdings Co (NYSE: VRT), among the global leaders in critical digital infrastructure, today announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms.
Ethiopia’s Investment Outlook: Key Drivers and Incentives
By Andualem Sisay Gessesse – Ethiopia is at a pivotal moment in its economic evolution. Recent reforms are liberalizing sectors previously closed to foreign investors, creating a wave of opportunities for companies…
Africa’s millionaire population to grow 65%
Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth Report 2025.
The 15 years journey of Nigerian capitalist
Heirs Holdings, the family-owned pan-African investment group created by Tony O. Elumelu, CFR, marks its 15th anniversary this month, celebrating a decade and a half of catalysing transformative, long-term investment in Africa.
Heirs Energies to scale production to 110,000 barrels per day
Nigerian independent oil and gas producer Heirs Energies aims to scale production to 110,000 bpd within the next five years, supported by additional drilling, well reactivations and infrastructure upgrades.
Partnership set to promote Web3 startups across Africa
SquirrelPR, Africa’s pioneer PR management software, has entered into a strategic partnership with Syncthesis Innovation Hub, a leading communications and ecosystem enabler, to accelerate the visibility, credibility, and growth of Web3 startups…
Ethiopia Investment Hotspots & Emerging Opportunities 2025
By Andualem Sisay Gessesse – Ethiopia is opening up its economy by liberalizing sectors that were previously closed to foreign investors, including financial services, insurance, and telecommunications, creating unprecedented investment opportunities.
African Development Bank, Aerosense set to advance drone technology in Africa
The African Development Bank (AfDB) and Aerosense Inc have signed an agreement to advance cooperation and projects in drone technology in Africa. Aerosense Inc. is a leading Japanese company engaged in drone…
Côte d’Ivoire, Ghana launch agricultural value chain
The new initiative that focuses on Côte d’Ivoire and Ghana to boost intra-regional trade in agricultural goods and aimed at advancing the implementation of the African Continental Free Trade Area (AfCFTA) is…
Ethiopia High-Growth Sectors, Key Risks Every Investor Should Know
By Andualem Sisay Gessesse – Ethiopia continues to offer some of the most compelling investment opportunities in Africa. With a population exceeding 125 million, a young labor force, and ongoing infrastructure expansion,…