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11 records · Showing 1–11
As DFI money dries up, AFC is doubling down on African VC with $100 million
For nearly two decades, Africa Finance Corporation (AFC) wrote cheques for bridges, ports, mines, and subsea cables. Now, the $19 billion Africa-focused develop...
Properties worth N118bn saved, N19.72bn lost in Lagos fire – Govt
By Olasunkanmi Akoni Lagos State Government on Monday disclosed that properties valued at N118.32 billion were saved from fire incidents in 2025, while properti...
AFC enters African VC with $40 million backing for Future Africa, Lightrock
Africa Finance Corporation, the development bank with over $19 billion in total assets, has committed $40 million to Future Africa, an early-stage venture capit...
Oil prices rise and bonds wobble as Iran war stokes inflation fears
Trump warning over peace talks drives up crude price as UK gilts hit by uncertainty over Starmer leadershipBusiness live – latest updatesOil prices rose and glo...
Financial institutions race to meet CBN deadline on new cyber-security standard
By Emeka Anaeto, Business Editor Nigeria’s financial institutions are fighting to meet the deadline of June 10, 2026 set by the Central Bank of Nigeria, C...
👨🏿🚀TechCabal Daily – GoTyme employees to receive stocks
In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Nigeria’s healthtech sector is built on a paradox: post-pandemic startup growth...
Power sector: Biggest scam in Nigeria — Ajaero, NLC President
DESPITE decades of reforms, huge public spending, and the privatisation of Nigeria’s power sector, millions of citizens and businesses continue to grapple with...
Africa has seen oil shocks before. Why 2026 could be the turning point for clean energy
Africa has been here before. Oil climbs above $100, import bills balloon, Finance ministers across the continent convene emergency sessions, and somewhere in a...
👨🏿🚀TechCabal Daily – Jumia plans job cuts
In partnership with Lire en Français اقرأ هذا باللغة العربية TGIF. Few phrases travel further at African business summits than “shared ownership.” A...