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. 🌍🚀

With Africa's youth increasingly taking to smartphones to engage in a variety of activities - including civic and political activism - on social media, smart handset shipments are on the rise across the continent. They have now overtaken feature phone shipments for the first time, according to new reports.

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.

Despite its small economy, Rwanda is gaining international attention for its efforts to position itself as an international financial centre. Kigali is now the fastest-growing financial hub in Africa, according to a new report.

Africa is becoming a crucial player in India's ambitious quest for global economic dominance. Through strong trade investments, expanding diplomatic relations, and strategic military partnerships, India is making significant investments in the continent as part of its broader global economic strategy.

Nigeria's Securities and Exchange Commission (SEC) proposes a substantial increase in the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, aiming to reshape the crypto landscape.

Despite economic challenges fueled by hyperinflation and sanctions, Zimbabwean startups are resilient and forging ahead. Learn how they navigate funding constraints, access markets beyond borders, and embrace alternative financial technologies.

Opening doors for private investors has spurred a rise in investments in Ethiopia's key sectors, allowing the country to maintain higher economic growth rates than its African and global peers and elevating its global reputation.

In a bid to attract investors interested in tapping into Africa’s extensive green hydrogen potential, African countries are leveraging special economic zones to grow the sector.

BMW hedges its bets on hydrogen fuel cell vehicles, launching a test vehicle in South Africa as the automaker seeks a path to a mass-market model in 2030.

South Africa's president recently amplified the call for "Made in Africa" at an event to promote intercontinental free trade. But he's not the only one doing so. All over the continent, "Made in Africa" is becoming a rallying call.

Explore Yellow Card's journey navigating Nigeria's crypto regulation rollercoaster. With recent shifts in the Central Bank's stance, Yellow Card eyes regulatory approval, ushering hope for crypto businesses. Chief Data Protection Officer, Lasberry Chioma Oludimu, shares exclusive insights on industry transformations and the road ahead.

Africa's "big four" tech ecosystems maintain their positions in 2023 but smaller economies, including Francophone startup ecosystems, are racing to fill emerging startup hub slots.

IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region.

Easing inflation and improving financial conditions are expected to power Africa’s growth in 2024, particularly in the continent's small countries, many of whose economies will be among the fastest rising in the world.

Just a few months after publicly burning pangolin scales and other illegal wildlife product stockpiles, Nigeria has publicly destroyed millions of dollars in seized ivory as the country ramps up a war on wildlife crime.

Including Mozambique's recently approved natural gas-backed fund, there are now over 20 sovereign wealth funds in Africa. The huge funds are becoming increasingly important drivers of sustainable economic growth.

Explore the dynamic landscape of Nigeria's tech scene in 2023, marked by regulatory victories and hurdles. From groundbreaking open banking regulations to the appointment of tech influencer Bosun Tijani as a minister, discover the highs and lows shaping the future of Nigeria's tech ecosystem. What's next as the industry navigates opportunities and uncertainties in the coming year?

Discover why Oswald Osaretin Guobadia, managing partner at DigitA, believes that African startups must actively participate in tech policy conversations. Gain insights into the biggest challenges faced and the transformative lessons learned while shaping the Nigeria Startup Act.

With growing numbers of mineral processing plants being built on the continent - the latest, a US$250 million cobalt beneficiation facility in the DRC - African experts are calling for global supply chain diversification.

Africa is to gain additional seats on the influential boards of the International Monetary Fund (IMF) and World Bank, elevating the region's clout in global finance governance. This comes as African nations look to carve out space to act with greater agency and self-determination, both in continental and world affairs.

A series of bans on unprocessed mineral exports is driving investment into local processing, across Africa. Could this revolutionise the continent's mining and industrial sectors?

A key transport corridor in southern Africa may receive a greenfield rail system that will link both Zambia and the DRC with a harbour on the West African coast. This follows commitments from private companies and governments to revamp Angola's Lobito railway.

A new foreign exchange policy increased the rate of naira from 460 per dollar in early June to nearly 800 by August. Nigerian startups, which typically raise funds in dollars and earn revenue in naira, say the currency depreciation has led to sharp increases in costs for cloud servers and software, while their incomes remain low in dollar terms. Investors have been reviewing the valuations of startups and say the new rule could lead to some companies shutting down.

Commodity tokenization would enable African countries — such as Ghana and Botswana — an opportunity to empower themselves without relying on international aid. In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls, I often wonder: Could the modern marvel of crypto tokenization be the change my grandfather and countless cocoa farmers need?