How money, ownership and influence move across Africa and its diaspora.
In a bold show of confidence in the bank she leads, Dr. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank Plc, has increased her equity stake by acquiring 18 million additional shares in the bank. The transaction, officially filed with the Nigerian Exchange on May 19, 2025, shows the shares were acquired.
‘Amoke Oge,’ a local food vendor in Lagos, Nigeria, owned by Hajia Amoke Odukoya, has generated ₦2.3 billion in revenue from 500,000 fulfilled orders on Chowdeck, the fast-growing digital food delivery platform. This feat makes Amoge Oge the first woman-led business to cross the half-a-million delivery mark on the platform. The milestone, calculated from an.
In May 2025, Meta told a Nigerian court that it might have to shut Facebook and Instagram in the country. The warning came after the Competition and Consumer Protection Tribunal upheld a $220 million penalty imposed by the Federal Competition and Consumer Protection Commission (FCCPC), over Meta and WhatsApp’s treatment of Nigerian users. The shutdown.
By the end of March 2025, four African technology companies had reached very different versions of the same uncomfortable point. Lipa Later had entered administration. Bento Africa had suspended operations. Edukoya had wound down, while Joovlin had closed. Taken together, they became four of the most visible examples of African startups in crisis in 2025..
In 2016, Mukesh Ambani, chairman of Reliance Industries and the richest man in Asia, launched what would become the most ruthless, brilliant, and transformative takeover of a major industry in modern history. Within six months of entering India’s telecom market, he rewrote the rules. In less than three years, his company, Reliance Jio, forced 11.
Raising capital from an African VC firm is not just about a pitch deck and passion. It’s about alignment. Market fit. Discipline. And above all, clarity. Too many founders build in isolation, guessing at what investors want. But thanks to insights from the Investor Guide, a working document developed by TechCabal in collaboration with leading.
Bitcoin’s price surged past $86,000 on Monday, kicking off the week with a wave of gains across the crypto market. The jump came as investors reacted to news that U.S. tariffs might not be as harsh as expected, and after the Federal Reserve confirmed plans for interest rate cuts this year. As of 7am WAT,.
Strive Masiyiwa’s Cassava Technologies is putting high-performance AI computing infrastructure into its South African data centres, with Nigeria, Kenya, Egypt and Morocco next. The bigger question is whether local compute can give African companies more control over the economics of artificial intelligence. When Cassava Technologies announced plans in March 2025 for what it called Africa’s.