Climate tech attracted 32% of the total tech funding in Africa last year. However, this represents a decline compared to 2023. Dotun Olowoporoku, Managing Partner at Ventures Platform—a VC firm that has backed over 90 startups across Africa, including climate tech enterprises—stresses the importance of adopting climate-resilient business models. Climate change is no longer a…
The African Continental Free Trade Area (AfCFTA) has begun to be instrumental between Nigeria and Kenya. Kenya received its first shipment from Nigeria under the African Continental Free Trade Area. The shipment included synthetic filaments made by Lucky Fibres Limited, a division of the Tolaram Group. The move is seen as an African triumph and…
Dangote has clarified that the recent hike in the ex-depot price of Premium Motor Spirit (PMS) is a result of the significant rise in global crude oil prices. Dangote Refinery confirmed that it has absorbed about 50% of the cost increases resulting from fluctuations in the international oil market. Dangote clarifies that the increase in…
The African Development Bank (AfDB) warns that if things don’t change soon, about 100 million young Africans could be jobless by 2030. Business Insider Africa presents 10 African countries with the highest unemployment rate. In 2024, the youth unemployment rate in Africa is projected at around 11 per cent, The list is courtesy of Statista.…
Over the weekend, Nigeria officially became the ninth member of the BRICS group of nations as a partner country. Nigeria becomes the ninth member of the BRICS group of nations as a partner country. Nigeria aims to form strategic partnerships with other BRICS countries. Nigeria’s membership will focus on trade, investment, energy security, infrastructure development,…
Despite the challenges posed by the harsh business terrain of 2024, several Nigerian companies have emerged as the most valuable firms in the country. Several Nigerian companies have emerged as the most valuable firms in the country These firms thrived due to innovation, strategic leadership, and a deep understanding of the Nigerian and African markets…
Recent reports have indicated that the West African country of Togo could be joining the Alliance of the Sahel States (AES). Togo is considering joining the Alliance of the Sahel Region (AES). Togolese Minister of Foreign Affairs, Robert Dussey, expressed openness to the idea. Togo’s potential integration into the AES may lead to its withdrawal…
According to Global Firepower (GFP), South Africa leads Africa in the number of serviceable airports with 575, ranking 13th globally, followed by Kenya with 370 airports at 18th, and the Democratic Republic of Congo (DRC) with 272 airports at 24th. Business Insider Africa presents the top 10 African countries with the most serviceable airports in…
Nigeria has officially become the second African nation and the ninth member to join the BRICS group as a partner country. Nigeria becomes the second African nation and ninth member of the BRICS group as a partner country Brazil, as the current BRICS chair, officially announced Nigeria’s admission as a partner country Nigeria joins Belarus,…
