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After facing three consecutive quarters of losses, MTN Nigeria Communications Plc has made a comeback, reporting a profit after tax of N4.13 billion in the third quarter of 2024. The telco’s strategic pivot toward managing foreign exchange (FX) exposures and optimizing operational efficiency helped it recover from the challenging environment created by the Central Bank…
According to the Economic Intelligence Unit’s report “Automotive Outlook 2025: Trade Spats Hamper EV Transition,” global vehicle sales are expected to peak at 97.2 million units in 2025
Gebeya, a leading Pan-African talent cloud technology company, has embarked on a groundbreaking partnership with NVIDIA, a global leader in AI and graphics processing, to create a talent ecosystem of 50,000 NVIDIA-certified developers across Africa. This ambitious initiative, aiming to transform the African tech landscape, seeks to address the continent’s AI skills gap and position…
As the demand for high-speed internet escalates across West Africa, Starlink’s satellite internet service by SpaceX has rapidly gained traction, particularly in areas lacking traditional internet infrastructure. Major urban centers like Lagos, Nigeria, and Accra, Ghana, have embraced Starlink, but this concentration of users has revealed infrastructure challenges that could impact service quality. To keep…
Janngo Capital, a Pan-African venture capital firm, has raised €73 million in its second funding round, exceeding its initial €60 million target.
The National Agency for Science and Engineering Infrastructure (NASENI) has announced a groundbreaking partnership with Imose Technologies Ltd to launch a new line of laptops and tablets manufactured entirely in Nigeria. This strategic initiative, unveiled on Monday by NASENI’s Deputy Director of Information, Chima Akwaja, represents a critical move to enhance Nigerians’ access to affordable,…
Pick n Pay Joins the Exodus of Foreign Retailers from Nigeria: Economic Strain and Strategic Refocus
Facing a recent half-year loss of 1.1 billion rand, Pick n Pay has decided to consolidate its resources, redirecting efforts to stabilize and grow its South African segments, where challenges persist but are manageable within the company’s strategic control
Absa, a leading Pan-African financial institution, has secured a $150 million funding facility from British International Investment (BII) plc to help close Africa's substantial trade finance gap. This financing aligns with Absa's strategic mission to promote sustainable economic growth across the continent, with a primary focus on trade finance support that can stimulate the growth…
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