“I do not think anyone in Nigeria needs persuading of the need for urgent action on the environment. Desertification in the north, floods in ... the centre, pollution and erosion on the coast are enough evidence. For Nigeria, climate change is not about the perils of tomorrow, but what is happening today,” President Muhammadu Buhari said during the UN Climate Change Conference (COP26) in October. And today means Nigerians are finding it increasingly hard to afford basic food items.
A Nigerian fintech startup, TeamApt, which provides financial services to the underserved mass market in Africa, is eyeing the unicorn status ... on the back of nearly $50bn in yearly transactions, as it seeks to raise a Series C funding round ‘at well over $1bn in valuation from some of the world's biggest investors’. TeamApt could be the fifth unicorn from the Nigerian fintech ecosystem, following Interswich, Opay, Flutterwave and most recently, Andela.
Business top stories
Join the global community who rely on us for insight.
The richest man in the world is richer than South Africa, the country where he was born in the early 1970s. Elon Musk has agreed to give up a ... - small - part of his colossal fortune, if the UN can prove how it will help solve world hunger.
Amid an international probe into illegal trade, Belgian businessman Alain Goetz continued to lead Uganda's biggest gold refinery long after he ... had supposedly stepped down, according to business records obtained by The Africa Report.
In the middle of the pandemic, Kenyan banks doubled their net earnings year-on-year to KSh50bn ($458m) during the second quarter of 2021. However, ... upon review, these ‘strong’ earnings were primarily driven by reduction in loan impairment charges, as bad ones were down by half year-on-year during the quarter.
Royal Dutch Shell’s plans to start seismic testing for oil and gas along South Africa’s Wild Coast face uncertainty after four environmental ... and human rights organisations filed an interdict aimed at stopping the exploration.
CVentures, the fintech unit of Egypt’s Commercial International Bank (CIB), is planning a batch of new investments as the country’s regulatory ... outlook improves, CVentures managing director Emad Fouad tells The Africa Report.
In 2023, ENI wants to start operating in the baleine offshore field, which it only discovered three months ago. It intends to rely on its experience ... in Ghana and the good Ivorian infrastructure that already exists.