Volvo CEO Jim Rowan Takes a Bow as Håkan Samuelsson Returns as Interim Chief

Volvo CEO Jim Rowan will step down immediately, with his predecessor Håkan Samuelsson returning to lead the company on an interim basis.

Nissan to Introduce Electric City Car Based on Renault Twingo in 2026

Nissan has confirmed plans to launch a new small electric city car in 2026, based on the Renault Twingo. This new model is expected to expand the Japanese automaker’s small EV lineup, with a particular focus on the UK market where right-hand drive versions may be produced.

Oando PLC Joins Afreximbank’s AfrexInsure Portfolio to Strengthen Risk Management, Promote Sustainable Energy

AfrexInsure, the fully-owned specialty insurance arm of the African Export-Import Bank (Afreximbank), has welcomed Oando PLC as a key client, further solidifying the growing business partnership between the two entities. The collaboration will allow Afreximbank to provide critical risk management solutions to Oando, safeguarding the bank’s investments in the company's Nigerian operations through tailored specialty insurance offerings. 

UAE, Saudi Arabia, and Qatar Plan Joint Bid for 2035 Rugby World Cup

The head of Asia Rugby has confirmed that the UAE, Saudi Arabia, and Qatar are preparing a joint bid to host either the 2035 or 2039 Rugby World Cup.

GTCO Surges 18.2% on Record-Breaking Earnings, Dividend Boost

Guaranty Trust Holding Company Plc (GTCO) saw a significant rally in the equities market last week, driven by its impressive earnings performance and strong dividend declaration. The leading financial services group reported a record-breaking net income of over N1 trillion for the 2024 financial year and announced a final dividend of N7.03 per share.

NDIC to Begin Payouts to Heritage Bank Depositors with Balances Over N5 Million

The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence the first tranche of liquidation dividends from the assets of the defunct Heritage Bank in April. The move to reimburse depositors with balances exceeding the insured limit of N5 million.

TikTok Strengthens Digital Safety Efforts in Africa at 2nd Annual Safer Internet Summit

TikTok recently convened its second Annual Africa Safer Internet Summit in Cape Town, South Africa, uniting government officials, regulators, and industry leaders from across Sub-Saharan Africa. Delegates from South Africa, Nigeria, Ethiopia, Cameroon, Côte d'Ivoire, Kenya, and other nations gathered to address pressing issues related to online safety, content moderation, and digital policy development.

Africa’s Business Heroes Opens 2025 Applications, Expanding Reach to Underrepresented Regions

Following a groundbreaking 6th Summit and Grand Finale in Kigali, Africa’s Business Heroes (ABH), the flagship philanthropic initiative of the Jack Ma Foundation in Africa, has officially launched its 2025 Call for Applications. This year, ABH is broadening its impact by actively encouraging entrepreneurs from historically underrepresented regions, particularly Francophone and Central Africa, to apply.

PMI Global Summit Series Africa 2025 Returns to Rwanda

Project Management Institute (PMI), the world’s leading authority on project management, is excited to announce the return of PMI Global Summit Series Africa 2025. Set to take place from August 19 to 21 at the Kigali Convention Centre in Rwanda, this premier event makes its long-awaited comeback following its postponement in 2024. As Africa’s leading project management gathering, the Summit will unite key stakeholders to foster collaboration, innovation, and skills development in the profession.

AltSchool Africa Launches "AI for 10M Africans" to Democratize AI Education Across the Continent

Nigerian edtech startup AltSchool Africa has introduced an ambitious initiative to expand access to artificial intelligence (AI) education across Africa. Titled "AI for 10M Africans," the program aims to equip 10 million learners with AI skills, catering to a broad spectrum of educational backgrounds and expertise levels.

African Development Bank Group Launches $50 Million Fund to Combat School-Age Hunger in Africa

The African Development Bank Group (AfDB) has approved the establishment of the End School-Age Hunger Fund (ESAH), a dedicated initiative aimed at addressing hunger and malnutrition among school-aged children across Africa.

Global Ad Market Faces $20bn Cut Amid Trade and Economic Turmoil

...Advertising Growth Forecasts Cut Due to Market Volatility

Growth projections for global advertising spend have been revised downward for both 2025 and 2026, with this year’s estimate dropping by 0.9 percentage points to 6.7% and next year’s by 0.7 percentage points to 6.3%. This adjustment equates to a $19.8 billion reduction in anticipated ad spending.

First Asset Management Enters US Equity Market with FBN Blended Dollar Fund Launch

First Asset Management, a leading Nigerian investment firm and subsidiary of First HoldCo Plc, has introduced the FBN Blended Dollar Fund, offering investors a strategic mix of U.S. equities and high-profile Nigerian investments. The fund aims to optimise returns and provide a hedge against inflation and currency fluctuations.