Guinea 100% State Ownership Areeba MTN Exit Reshapes Telecom Landscape
In a landmark move that signals a major shift in West Africa’s telecommunications sector, the Guinean government has taken full 100% ownership of Areeba Guinée, the country’s second-largest mobile operator—formerly known as MTN Guinea. This follows the complete withdrawal of MTN Group, the South African telecom giant, which officially exited the Guinean market in late November 2025 after nearly...
Nigeria Private Debt Market MSMEs 2025 Expansion Gains Momentum
Nigeria’s private debt market is poised for transformative growth as Micro, Small, and Medium Enterprises (MSMEs)—the backbone of the economy—increasingly turn to domestic alternative financing to fuel expansion. With MSMEs contributing 46.32% to Nigeria’s GDP, according to the National Bureau of Statistics (Q3 2025), access to capital remains a critical bottleneck. Now, a shift is underway: businesses are bypassing...
African Tech Startups Funding 2025 Surpasses $3 Billion in Historic Rebound
Africa’s vibrant tech ecosystem has crossed a major threshold, with startups securing over $3 billion in funding during 2025—a robust 33% year-on-year rebound that signals a powerful resurgence in investor confidence. This African tech startups funding 2025 milestone not only surpasses the previous year’s total but also exceeds the full-year haul of 2023 ($2.8 billion), reinforcing Africa’s position as...
Nigeria Petrol Import Bill Reduction 2025 Hits ₦6 Trillion Amid Local Refining Boom
A new report released today reveals that Nigeria’s annual petrol import bill has plummeted by over ₦6 trillion ($7.1 billion) in 2025—thanks to a surge in domestic refining capacity and the full or partial resumption of operations at key refineries, including the Dangote Refinery, Port Harcourt Refining Company (PHRC), and Warri Refining & Petrochemical Company (WRPC). This Nigeria petrol...
PZ Cussons Africa Operations Retained 2025 After Strategic Review
Global consumer goods giant PZ Cussons has officially reversed its earlier decision to divest its African business, announcing it will retain full ownership of its Africa operations following a comprehensive strategic review. The move, confirmed in a public statement on December 9, 2025, marks a significant shift in the company’s global strategy and reaffirms its long-term commitment to one...
Africa Investment Forum 2025 Rabat Outcomes Deliver $15.3 Billion in Investment Pledges
The Africa Investment Forum (AIF) 2025 Market Days, convened by the African Development Bank (AfDB) in Rabat, Morocco, concluded with $15.3 billion in confirmed investment interest pledged across 39 bankable infrastructure and industrial projects—marking one of the most successful editions since the forum’s inception. Held from November 18–20, 2025, the event brought together heads of state, institutional investors, private...
African Tech Startups Funding 2025 Surpasses $3 Billion in Major Rebound
Africa’s innovation economy has surged past a major milestone, with tech startups across the continent securing over $3 billion in funding for 2025—a robust 33% year-on-year increase that signals a strong recovery from the downturn seen in 2023 and 2024. This African tech startups funding 2025 rebound marks the highest annual total since 2021 and exceeds the full-year funding...
Abdulsamad Rabiu Bombardier Global 8000 Africa Ownership Sets New Benchmark
Nigerian industrialist and billionaire Abdulsamad Rabiu, ranked as Africa’s 4th richest person by Forbes 2025, has made history by becoming the first African owner of the Bombardier Global 8000, one of the most advanced and luxurious business jets in the world. The aircraft was officially delivered in late November 2025 at a private ceremony in Toronto, Canada, marking a...
Nigeria Oil Upstream Investment Production Gap Challenges New Licensing Gains
Nigeria has recently reclaimed its position as Africa’s top destination for upstream oil and gas investment, buoyed by a successful 2025 marginal field licensing round that attracted over $1.3 billion in commitments from local and international players. However, despite this renewed investor interest, the country faces a growing challenge: translating new license awards into actual production increases. This persistent...
UBA Bank of the Year 2025 Win Marks Third Triumph at The Banker Awards
United Bank for Africa (UBA) Group has been named Africa’s Bank of the Year 2025 by The Banker, the Financial Times’ prestigious global banking publication—marking its third win in five years, having previously received the honor in 2021 and 2023. The recognition, announced at the 2025 Banker Awards in London, underscores UBA’s sustained excellence in financial innovation, pan-African reach,...
