Category: NEWS
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Marketing Advance for Afrobeats: A Blessing or a Curse? The global rise of Afrobeats has been one of the most remarkable cultural movements of the 21st century. What began in Lagos studios and Accra nightclubs has become a worldwide phenomenon, with artists selling out arenas from London to Los Angeles. But behind the hits, the…
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The Betting Generation: How Gambling Became Nigeria’s Quiet Youth Epidemic In today’s Nigeria, a betting slip has become as common as a debit card. From Lagos Street corners to university hostels in Enugu, young Nigerians are staking their last few naira on virtual games, live football matches, and prediction apps that promise a way out…
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In Lagos, the city where the sun rises tired and the clubs never sleep, one nightspot just found itself trending for all the wrong reasons. The Proxy Night Club raid the now-infamous sweep in Victoria Island that ended a wild weekend wasn’t just another party gone wrong; it was a wake-up call for the entire…
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France’s Growing Debt Crisis and the Political Step-Down: A Nation at a Fiscal Crossroads France is once again facing a convergence of fiscal and political tension. On October 19, 2025, Prime Minister Sébastien Lecornu officially resigned after weeks of mounting pressure over budget delays, failed reforms, and deep divisions in Parliament. His departure came amid…
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Africa’s aviation sector reached a historic milestone this week with the launch of the Isaac Balami University of Aeronautics and Management (IBUAM) — the continent’s first dedicated aeronautics and aviation management university. The institution, established in Nigeria, aims to drastically reduce the billions of dollars Africans spend each year training pilots and aviation professionals abroad.…
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The Coca-Cola Company is bracing for a $1 billion impairment charge in the fourth quarter of 2025, as the beverage giant prepares to divest part of its ownership in its African bottling business — a move signaling both a financial reshuffle and a strategic pivot toward a more asset-light model in emerging markets. The charge,…
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Kigali, Rwanda — Africa’s fast-growing mobile technology industry has become one of the continent’s biggest economic engines, contributing an estimated $220 billion — or 7.7% of GDP — in 2024, according to a new report by the GSMA, the global body representing mobile operators.The findings, unveiled at the Mobile World Congress Africa 2025 in Kigali,…
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The International Monetary Fund (IMF) has projected that Africa’s economy will expand to $3.32 trillion by 2026, even as the global economy slows under the weight of inflationary pressures, trade fragmentation, and geopolitical uncertainty.This projection, outlined in the IMF’s October 2025 World Economic Outlook (WEO), highlights both the continent’s resilience and its persistent structural challenges.…
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Nigerian entrepreneur, banker, and philanthropist Tony Elumelu has once again called on African investors to channel their wealth and resources back into their home economies, emphasizing that Africa’s path to sustainable prosperity lies in local investment, strong policy frameworks, and trust between government and the private sector. Speaking at the Abuja Business and Investment Summit…
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Ethiopia is deepening its strategic relationship with Russia as it seeks support for accession to the World Trade Organization (WTO) and advances plans to develop its first nuclear power facility. During an official visit to Moscow, Ethiopian Foreign Minister Gedion Timothewos met with Russian officials, including Economic Development Minister Maksim Reshetnikov, to discuss expanded cooperation…