Foreign Investors Bet Big on Lagos as Africa’s Innovation Powerhouse
Lagos is fast emerging as Africa’s leading innovation hub, with foreign investors doubling down on the city’s growing reputation as…
Category: International
African Businesses Face 35% Higher Technology Costs, IFC Urges Digital Investment
African businesses are grappling with technology costs up to 35% higher than their global counterparts, the International Finance Corporation (IFC)…
Jet2 Shares Plunge 14% as Airline Lowers Profit Forecast Amid Slower Bookings
Jet2, the UK-based leisure airline, saw its shares tumble 14% on Thursday after the company warned that its full-year profits…
Asia Markets Climb as Fed Signals Rate Cuts, But China Stocks Slide
Asian markets bounced on Thursday, lifted by dovish comments from U.S. Federal Reserve officials and optimism after a smooth auction…
Tech News: Google Ordered to Pay $425 Million in Privacy Lawsuit After Jury Verdict
Google has been ordered to pay $425 million in damages after a federal jury in San Francisco found the tech…
Bitget Expands RWA Futures With Apple, Amazon, and Big Tech Stocks
Bitget, a leading cryptocurrency exchange and Web3 innovator, has announced the expansion of its Real-World Asset (RWA) Index Perpetual Futures,…
Watches of Switzerland Shares Soar 8% Despite U.S. Tariffs, Deutsche Bank Upgrades Stock
European stocks opened higher on Wednesday, reversing losses from the previous session as investors gained confidence amid ongoing fiscal concerns…
Naira-Yuan Swap Boosts Naira Stability, Promises Cheaper Imports from China
Nigeria’s currency, the naira, is gaining renewed strength as experts highlight the benefits of the Naira-Yuan currency swap between Nigeria…
OpenAI Acquires Statsig in $1.1 Billion All-Stock Deal to Boost AI Product Testing
OpenAI, the company behind ChatGPT, has announced the acquisition of product testing startup Statsig in a $1.1 billion all-stock transaction,…
5G Adoption Spurs Smartphone Growth as Shipments Rise 3% in Africa, Middle East
Smartphone shipments across the Middle East and Africa (MEA) rose by 3% year-on-year in the second quarter of 2025, marking…
UK Partners with AGRA in £5m Deal to Boost African Food Security and Trade
The United Kingdom has committed £5 million to support agricultural trade and food security in Africa through a new partnership…
Nigeria Faces Remittance Pressure as UK Interest Rates Hit 27-Year High, Pound Weakens Against Naira
Nigeria’s remittance lifeline from the United Kingdom is coming under pressure as borrowing costs in Britain surge to a 27-year…
Nestle sacks CEO over office romance
Swiss food giant, Nestlé, on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship…
Kola Aina on AI, Local Capital, and Startup Exits: Africa’s Tech Investment Landscape in 2025
Kola Aina, founding partner of Ventures Platform, has been a pivotal figure in African venture capital for over a decade.…
British Pound Slides 0.9% Amid U.K. Fiscal Concerns, European Markets Weaken
The British Pound fell sharply on Tuesday, sliding 0.9% against the U.S. dollar as investors grew increasingly concerned over the…
Trump Slams India-U.S. Trade Ties as ‘One-Sided Disaster’ After Modi’s Visit to China
U.S. President Donald Trump has sharply criticized India over trade relations, calling the partnership “a totally one sided disaster” following…
ITU: $2.8 Trillion Needed to Close Global Digital Divide by 2030
The International Telecommunication Union (ITU) has revealed that between $2.6 trillion and $2.8 trillion will be required to connect the…
Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation
Global financial markets were mixed on Tuesday as the U.S. dollar wobbled near five-week lows and gold surged to a…
European Stocks Hold Steady as Chinese Tech Rally Boosts Market Sentiment
European equities opened the week on a steady note as gains in Chinese technology stocks helped balance pressure from rising…
Lenovo ‘Project Pivo’ Rotating Laptop, Legion Go 2, and AI Tablets Leak Ahead of IFA 2025
Lenovo is set to make waves at IFA 2025 with a mix of innovative devices, following new leaks from renowned…
Meta’s $14.3B Scale AI Partnership Shows Early Strains Amid Talent Departures and Vendor Shifts
Meta’s multi-billion-dollar partnership with data-labeling startup Scale AI, launched in June with a $14.3 billion investment, is showing signs of…
Asia Markets Mixed as China PMI Data, India Ties, and U.S. Tariff Ruling Shape Investor Sentiment
Asian stock markets closed mixed on Monday as investors weighed fresh economic data out of China, developments in India-China relations,…
OpenAI Eyes India for 1 Gigawatt Data Center to Power AI Expansion
OpenAI, the creator of ChatGPT and a major player in the global artificial intelligence industry, is reportedly planning to build…
India’s Strong GDP Growth Overshadowed by Weak Corporate Earnings and Market Outflows
India’s economy recorded robust growth of 7.8% in the April–June quarter of 2025, outpacing global peers. Yet, the country’s equity…
Dollar Slips as Fed Rate Cut Bets Rise; Trump-Putin Summit in Focus
The U.S. dollar weakened on Friday, reversing gains from earlier in the week, as traders grew more confident that the…
Xi Jinping Pushes AI Cooperation, Rejects ‘Cold War Mentality’ at SCO Summit in China
Chinese President Xi Jinping has called on members of the Shanghai Cooperation Organization (SCO) to deepen cooperation in artificial intelligence…
Nigeria and Brazil Central Banks Forge Stronger Financial Cooperation to Boost Trade and Stability
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil have pledged to deepen financial and economic cooperation…
Dangote Group Signs $2.5bn Deal to Build Fertiliser Plant in Ethiopia, Holds 60% Stake
Dangote Group has signed a landmark $2.5 billion agreement with Ethiopian Investment Holdings (EIH) to build a world-class urea fertiliser…
European Stocks Mixed as Investors Await EU and U.S. Inflation Data
European markets are set for a mixed open on Friday as investors brace for fresh inflation data from both the…
Ghana to Begin Licensed Timber Exports to EU in October 2025
Ghana has announced that it will officially begin exporting Forest Law Enforcement, Governance and Trade (FLEGT)-licensed timber to the European…