African Startup Funding Crashes 80% as Investors Turn to Debt
African startup funding suffered a major setback in July 2026, falling to just $102.2 million as investors became increasingly cautious…
Category: International
India Turns to Nigeria for 4 Million Barrels as US-Iran Crisis Disrupts Oil Supply
India is turning increasingly to Nigeria for crude oil as growing tensions linked to the US-Iran crisis continue to disrupt…
Africa50 Secures $50m to Fast-Track Green Infrastructure Across Africa
Africa50 has secured $50m in fresh funding from two international development finance institutions to speed up the development of climate-resilient…
S&P 500 Futures Hold Steady as Wall Street Awaits Key July Jobs Report
S&P 500 futures were little changed early Friday as investors kept their eyes on the highly anticipated July jobs report,…
Cameroon Cocoa Production Falls 20% as Exports and Earnings Slide
Cameroon’s cocoa industry has suffered a sharp setback, with Cameroon cocoa production falling by 20% in the 2025/26 season as…
Ghana’s Inflation Falls to 4.6% as Food Prices Ease, Boosting Economic Recovery
Ghana’s inflation rate took a welcome step downward in July, falling to 4.6% from 5.3% in June and marking the…
Kenya’s Private Sector Hiring Hits 2026 High as New Orders Lift Business Confidence
Kenya’s private sector is showing fresh signs of recovery, with companies increasing hiring in July at the fastest pace recorded…
IMF Urges Ghana to End Quasi-Fiscal Activities After GH¢22 Billion Gold Programme Losses
The International Monetary Fund (IMF) has called on Ghana to permanently end quasi-fiscal activities after the Bank of Ghana (BoG)…
Kenya’s stock exchange plans East Africa’s first AI-focused ETF
Kenya is preparing to make history in Africa’s financial markets as the Nairobi Securities Exchange (NSE) plans to launch East…
World Bank Urges Developing Nations to Invest in Power and Internet to Unlock AI’s Full Potential
The World Bank has called on developing countries to make urgent investments in electricity, internet connectivity, digital skills, and institutional…
SoftBank Rides Intel Windfall as $8.2 Billion Gain Overshadows OpenAI Investments
SoftBank delivered better-than-expected financial results for its first fiscal quarter, thanks to a massive $8.2 billion boost from its investment…
Meta AI Security Test Breach Raises Fresh Concerns Over AI Safety Standards
Meta has revealed that one of its artificial intelligence models breached the systems of an external organization during a cybersecurity…
How African startups are using AI to solve real-life challenges
Artificial intelligence is rapidly becoming more than just a buzzword in Africa. While global tech giants compete to develop powerful…
S/Africa targets Dangote Refinery secondary listing after planned Nigeria IPO
The Johannesburg Stock Exchange (JSE) is making a bold move to secure a secondary listing for Dangote Petroleum Refinery once…
China Relaxes Fuel Export Restrictions as Global Energy Supply Crisis Intensifies
China has taken a significant step toward easing pressure on the global energy market by partially lifting the fuel export…
China Relaxes Fuel Export Restrictions as Global Energy Supply Crisis Intensifies
China has taken a significant step toward easing pressure on the global energy market by partially lifting the fuel export…
Chinese Open-Weight AI Model Closes the Performance Gap, But Raises New Safety Concerns
The race to build the world’s most capable artificial intelligence systems has entered a new phase as China’s open-weight AI…
S&P 500 and Dow futures tick higher after record day on Wall Street
Wall Street looked set to extend its winning streak on Wednesday after the S&P 500 and Dow Jones Industrial Average…
Nairobi Securities Exchange Tops KSh4 Trillion as Safaricom, Banks Fuel Historic Market Surge
The Nairobi Securities Exchange (NSE) has reached a historic milestone, surpassing KSh4 trillion in total market capitalization for the first…
Afreximbank Loans US$190 million to Zimbabwe’s CBZ Bank
The African Export-Import Bank (Afreximbank) has strengthened its commitment to Zimbabwe’s economic growth by approving financing facilities worth $190 million…
CBK Set to Hold Interest Rates Steady as Inflation Eases and Economic Growth Slows
The Central Bank of Kenya (CBK) is widely expected to maintain its benchmark interest rate at its August 2026 Monetary…
World Bank: AI Adoption Among Nigerian Firms Up 40%
Nigeria has emerged as one of Africa’s fastest-growing artificial intelligence markets after the World Bank revealed that AI adoption among…
SpaceX Revenue Soars 92% as Starlink and AI Deals Drive Record Growth
SpaceX has reported a remarkable financial performance in its first quarterly earnings since becoming a publicly traded company, with revenue…
Oil Prices Slide Below $80 as Hopes for US-Iran Deal Boost Market Confidence
Global oil prices suffered a sharp decline on Tuesday, with Brent crude falling below the $80-per-barrel mark for the first…
Cheaper Latin American Crude Puts Nigeria’s European Oil Market at Risk
Nigeria’s long-standing position as one of Europe’s preferred crude oil suppliers is facing increasing pressure as cheaper crude from Brazil…
Germany’s Energy Demand Drops as Soaring Fuel Prices Slash Oil Consumption
Germany’s energy demand declined by 1.9% during the first half of 2026, as soaring oil and gas prices forced consumers…
Apple Finally Fixes Siri, But the AI Upgrade Arrives After the Hype
Apple has finally delivered the Siri experience iPhone users have been waiting years for. After multiple delays, the new AI-powered…
Stock futures edge higher after rip-roaring rally leads Dow to record closing high
The U.S. stock market opened Tuesday with renewed optimism after the Dow Jones Industrial Average closed at an all-time high…
Bank of America sharpens focus on Africa after key role in Dangote refinery placement
Bank of America is strengthening its commitment to Africa with a major leadership reshuffle aimed at expanding its corporate and…
Cheaper Latin American Oil Puts Nigeria’s European Crude Market at Risk
Nigeria’s long-standing dominance in Europe’s crude oil market is coming under increasing pressure as cheaper oil supplies from Brazil and…