Nigeria Digital Lending App Regulation Set to Transform Fintech Landscape
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 of broader consumer protection guidelines, marks a decisive step toward curbing predatory practices, reducing market saturation, and holding lenders accountable...
Husk AI-Enabled DER Platform Expansion Targets 30 Million With Clean Energy by 2030
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. This Husk AI-enabled DER platform expansion marks a major leap in decentralized energy innovation, combining predictive analytics, autonomous optimization, and...
Zipline U.S. State Department Africa Deal Marks New Era in Results-Driven Global Health Investment
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 health access. This Zipline U.S. State Department Africa deal introduces a groundbreaking pay-for-performance model, where funds are released only after...
Zeeh Africa Direct Debit Relaunch Tackles Nigeria’s Digital Lending Collection Crisis
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 show signs of deterioration—highlighted in the Central Bank of Nigeria’s Q2 2025 Credit Conditions Survey—the timing couldn’t be more critical....
UAE $1 Billion AI for Development Initiative Africa Launches at G20 Summit
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 initiative aims to accelerate Africa’s digital transformation by deploying advanced AI tools across critical sectors including education, healthcare, agriculture, and...
Afreximbank Nigeria Transit Guarantee Push Aims to Unlock Intra-African Trade
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 (Customs PACT) in Abuja from November 17 to 19, Mrs. Kanayo Awani, Executive Vice President for Intra-African Trade and Export...
G20 South Africa Summit 2025 Concludes with Historic Push for Global Equity
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 Sunday with a resounding call for a fairer global order, placing the needs of the Global South at the center...
First Circle Capital Africa FinTech Fund Launches $30M Initiative to Fuel Early-Stage Innovation
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 across the continent. This marks a significant step toward closing one of Africa’s most persistent innovation gaps: access to pre-seed...
MAN Blue Economy Automation Push Calls for AI, Tech Investment to Transform Niger Delta Manufacturing
The Manufacturers Association of Nigeria (MAN) has launched a bold call to action: harness the blue economy, embrace automation, and accelerate the adoption of artificial intelligence and advanced technologies to drive the next phase of industrial growth in the Niger Delta. At the close of its 41st Annual General Meeting, Conference, and Exhibition in Yenagoa, MAN issued a comprehensive...
Nigerian Electric Vehicle Transition Bill Clears Second Reading in Landmark Green Mobility Push
The Nigerian Senate has approved the Nigerian Electric Vehicle Transition Bill for second reading, marking a decisive step toward overhauling the nation’s transportation and industrial landscape. With this move, Nigeria signals its intent to accelerate the shift from fossil fuel-dependent vehicles to clean, locally produced electric mobility solutions—a bold strategy aimed at reducing emissions, boosting domestic manufacturing, and positioning...
