The Federal Inland Revenue Service (FIRS) is preparing to launch an ambitious, technology-driven tax initiative that will leverage artificial intelligence and machine learning to identify, assess, and collect taxes from millions of previously untaxed businesses in Nigeria’s vast digital...
African nations are taking bold, innovative steps to stabilize their economies amid persistent global volatility—and two major developments in West Africa are setting a new precedent. Ghana has launched a groundbreaking initiative to use its gold reserves as direct...
Nigeria’s fast-growing but fragmented digital lending sector is facing a major regulatory overhaul as the Federal Competition and Consumer Protection Commission (FCCPC) moves to cap operators at a maximum of five lending applications per company. This new rule, part...
U.S.-based clean energy pioneer Husk Power Systems has unveiled an ambitious new phase of growth, launching an AI-enabled distributed energy resources (DER) platform designed to deliver reliable, modern electricity to 30 million people across the Global South by 2030....
The U.S. Department of State has awarded $150 million to Zipline, the world’s largest autonomous logistics system, to expand its AI-powered drone delivery network across Africa—a landmark investment that redefines how foreign aid can drive innovation, sustainability, and equitable...
Nigerian open-finance platform Zeeh Africa has relaunched its core Direct Debit feature, launching a direct response to one of the most pressing challenges in the country’s digital lending ecosystem: rising defaults and inefficient loan recovery. As unsecured digital loans...
The United Arab Emirates (UAE) has launched a landmark $1 billion AI for Development Initiative Africa, marking one of the largest single investments in artificial intelligence infrastructure on the continent. Announced during the G20 Leaders’ Summit in Johannesburg, the...
The African Export-Import Bank (Afreximbank) has called on Nigeria to take the lead in implementing a regional transit guarantee scheme that could transform cross-border trade across West Africa. Speaking at the inaugural Customs Partnership for African Cooperation in Trade...
For the first time in its 19-year history, the G20 has convened on African soil—and South Africa used that moment not just to host, but to lead. The G20 South Africa Summit 2025, held at Nasrec in Johannesburg, closed...
First Circle Capital, a pan-African venture firm backed by the International Finance Corporation (IFC), has launched the First Circle Capital Africa FinTech fund, a $30 million early-stage investment vehicle aimed at accelerating the growth of high-potential financial technology startups...
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