Nigeria has formalised plans to develop an electric vehicle manufacturing plant through a partnership with South Korea’s Asia Economic Development Committee, setting out a phased approach to local production. The…
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In a significant development for small business development in Southern Africa, South African SME funding platform Lula has secured R340 million (USD 20 million) in local currency funding from FMO,…
Dollar Millionaires in Africa Growing but Concentrated The infographic alongside is from Visual Capitalist, based on the 2022 Henley & Partners Africa Wealth Report, showing total private wealth at $2.1…
Business News Today Ethiopia’s Bond Battle A key investor group in Ethiopia’s sole international bond announced yesterday, that it planned to take legal action after the country’s bilateral creditors…
Impact investing has moved from a niche strategy used by development focused investors to a recognised asset class within global private equity, venture capital, and development finance, and Africa has…
In the global startup ecosystem, a stark disparity continues to persist. While regions like the United States, India, Vietnam, and Indonesia attract billions in venture capital with larger average deal…
Business News Today UK Signs Ethiopian Energy Deal During a visit to Ethiopia yesterday, Britain’s Foreign Minister Yvette Cooper signed agreements to advance two energy-transmission projects led by UK…
Article Contributor: Lerato Lamola – Partner at Webber Wentzel Looking ahead in 2026, fintech is set to transform how financial services are delivered and accessed, driven by rapid technological innovation…
Business News Today Tesla To End Model S and Model X Production Tesla is planning to end production of the Model S sedan and Model X SUV, CEO Elon…
In January 2026, the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC), led by Governor Lesetja Kganyago, opted to maintain the repo rate at 6.75%, with prime lending rates…
