Nigeria's Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, believes that Artificial Intelligence (AI) is key to unlocking Nigeria’s future as an economic powerhouse. Despite facing criticism for his AI initiatives, Tijani remains resolute, outlining his vision for a digitized, talent-driven Nigeria. 🌍🚀

A recent report reveals that employment in African cities is benefitting from accelerated investment in the green economy, with more job opportunities on the way.

A new report finds that Africa’s rapidly growing green economy could create over 3 million new jobs by 2030, highlighting the sector's significant potential for employment and sustainable development across the continent.

📈 Airtel Africa bounces back with a $31 million profit in Q1 2024, reversing last year's losses despite ongoing economic challenges. Discover how strategic growth in data and mobile money services is driving their success across 14 countries. 🌍📊

A sustainable digital economy will drive consistent growth in the digital sector, ensuring that the benefits are equitably shared across society.

Despite implementing significant tax increases, Kenya's revenue collection fell short by $2 billion due to a challenging economic environment. Discover the key factors that influenced this shortfall and the sectors most affected.

The recent BCA African Business Book of the Year Awards honour impactful African business literature and reflect increased investor and stakeholder interest in its dynamic business environment. Can the increased attention on business literature help change the narrative on Africa by improving business understanding and focusing attention of the many success stories?

While Africa's busiest port, Durban, looks to improve its battered reputation, a new World Bank-S&P report highlights significant progress in the overall efficiency of African ports. According to the report, African ports reduced vessel waiting times at the fastest rate globally in 2023.

The recent export of jet fuel to Europe marks a monumental moment for Dangote refinery igniting hope for Nigeria and Africa's energy independence. No longer just an importer, the refinery is creating a blueprint for how the continent could become a self-reliant petroleum powerhouse.

Kenya's proposed 6% Significant Economic Presence Tax threatens the viability of ride-hailing giants Uber and Bolt. With concerns over increased operational costs and potential market exits, the debate intensifies over balancing revenue generation and economic impact.

A new report highlights a significant shift in access to sustainable finance in Africa, with green bond issuance skyrocketing by 125% in 2023, from US$600 million in 2022 to over US$1.4 billion.

Morocco's inaugural e-gaming expo signals a burgeoning e-sports economy in the north African country. Government is also supportive.

When a scarcity of hard cash worsened an already tough economic situation in Nigeria in 2023, an unprecedented development occurred: e-payments soared and became the new norm in the country. A number of companies tapped into this ecosystem, a move that made them some of Africa’s fastest growing firms, according to a report from the Financial Times.

The evolution of road networks in Africa highlights the technologies, infrastructures, and networks that have facilitated the circulation and exchange of people, goods, and ideas within local communities, regions, and systems of long-distance and intra-regional trade.

Growing private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley & Partners Africa Wealth Report. Collectively, these urban centres are home to 135,200 millionaires, 342 centi-millionaires with fortunes exceeding US$100 million, and 21 billionaires. With the number of high-net-worth individuals projected to jump by 65% over the next decade, these cities are not only expanding economically but are also setting the stage for a new era of prosperity and influence. bird TenX lists the top ten cities and regions for private wealth in Africa:

Mauritius, Namibia, Morocco, Zambia, Kenya, Uganda and Rwanda will lead gains with Africa expected to grow its new millionaire tally by 65%.

Get ready, Zimbabwe! Online payments are set to return as banks adapt to the country's latest currency shift. Find out how this change will impact your digital transactions! 💳

Mozambique doubles down on growth with Africa's first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback.

Mozambique doubles down on growth with Africa's first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback.

From ranking as the world’s worst-performing currencies in 2023, the Kenyan shilling and Nigerian naira have made significant progress. They are now among the best-performing currencies in the world for 2024, raising hopes for a lower cost of living in these countries.

Faster internet speeds arrive in Somalia as Mogadishu seeks enhanced connectivity.

Uganda's annual inflation rate for March 2024 dips to 3.3%, staying under the Bank of Uganda's target, signaling stability in the economy. 📉💰

A report by the World Cities Forum underscores the vast economic opportunities in African cities offered by tapping into their cultural wealth and harnessing youth innovation and creativity.

Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.

Most African economies are driven by young populations, fast-growing tech adoption and mineral reserves, while the largest contribution to the top economies mentioned here comes from the services and industry sectors.