African Development Bank President Urges Transparency in Tackling Africa's $824 Billion Debt Crisis

Akinwumi Adesina, President of the African Development Bank (AfDB), has made a clarion call for transparency and accountability in addressing Africa's staggering $824 billion debt burden. 

Mastercard and CEBIH join forces to bolster cybersecurity in Nigeria

Mastercard, in collaboration with the Committee of E-Banking Industry Heads for Nigeria (CeBIH), recently hosted the second edition of its annual Fraud Forum in Lagos, Nigeria. Building on the success of the inaugural edition in 2023, this year’s forum convened key industry players ranging from financial institutions, payment service banks, and fintech companies, to discuss critical issues such as threats and vulnerability, intel-sharing, and best practices in combating industry risks.

Madica’s Pre-Seed Investment Program Announces Investment in Three African Tech Startups

Madica, an innovative investment program supporting pre-seed startups across Africa, has announced its first investments in three tech startups. With a commitment to fostering entrepreneurship and addressing structural gaps in the continent's startup ecosystem, Madica has provided each selected startup with up to $200,000 in funding, marking the beginning of an intensive 18-month journey of growth and development.

Nigeria Unveils First Multilingual AI Model for Technological Advancement

Nigeria has embarked on a historic journey towards technological prominence with the introduction of its inaugural Multilingual Large Language Model (LLM). Spearheaded by the Ministry of Communications, Innovation, and Digital Economy, this pioneering initiative marks a significant leap forward in Nigeria's AI capabilities, propelling the nation into a leadership position in the field of Artificial Intelligence.

Afreximbank Shines at Bonds, Loans, and ESG Capital Markets Awards 2024

African Export-Import Bank (Afreximbank) took centre stage at the Bonds, Loans, and ESG Capital Markets Africa Awards 2024, securing an impressive six accolades at the ceremony held in South Africa.

Nigeria Accelerates Transition to Clean Energy, Plans Launch of 2,700 CNG-Powered Vehicles by May 29

Nigeria is about to embark on a transformative journey towards sustainability with the introduction of its Compressed Natural Gas (CNG) initiative. The Nigerian government, led by President Bola Tinubu, is working with the private sector to implement this ambitious plan in advance of its one anniversary on May 29. The effort seeks to transform the transportation landscape by deploying thousands of CNG-powered buses and tricycles across the country, ushering in a transition away from traditional fuels and towards greener energy sources.

18th IsDB Global Forum Explores Innovation, Entrepreneurship, and Leadership in Islamic Finance

The Islamic Development Bank (IsDB) Institute has announced the 18th edition of its IsDB Global Forum on Islamic Finance which will take place in Riyadh, Kingdom of Saudi Arabia, on Sunday, April 28, 2024. Coinciding with the IsDB Group Annual Meetings and Golden Jubilee Celebration, the event promises to be a dynamic gathering of industry luminaries, policymakers, and financial experts converging to explore innovative avenues for sustainable development within the Islamic finance ecosystem.

Olusegun Alebiosu Named Acting CEO of First Bank as Adesola Adeduntan Takes a Bow

First Bank of Nigeria (FBN) Limited has announced the appointment of Mr. Olusegun Alebiosu as the Acting Chief Executive Officer, following the resignation of its Managing Director/CEO of the financial institution, Dr. Adesola Adeduntan.

World Nuclear Association to Spotlight Opportunities in Southern Africa’s Nuclear at IAE 2024

Director General of the World Nuclear Association (WNA) Dr. Sama Bilbao y León will speak at the Invest in African Energy (IAE) forum in Paris this May, highlighting unprecedented opportunities in southern Africa’s energy sector. 

TLcom Capital Secures Africa's Largest Early-Stage VC Fund, Closes TIDE Africa Fund II at $154 Million

TLcom Capital, the Africa-focused venture capital firm, has reached a significant milestone with the final close of its second fund for technology in Africa, TIDE Africa Fund II, at an impressive $154 million. This achievement solidifies TLcom Capital's position as the continent's premier Seed and Series A investor, underscoring its commitment to partnering with visionary founders to address Africa's most pressing challenges with innovative solutions. 

KFC Global Appoints Alex Barsk as New Chief Financial Officer

KFC Global has announced the appointment of Alex Barsk as the company's new Chief Financial Officer (CFO), effective June 1, 2024. Reporting directly to Sabir Sami, KFC Global's Chief Executive Officer (CEO), Alex is expected to play a pivotal role in driving the financial strategy and growth agenda of the iconic fast-food brand.

Marketers Struggling to Measure Marketing Impact Amidst Cookie Deprecation and Emerging Techniques, WARC Report Reveals

As the marketing landscape undergoes significant transformation, marketers are facing challenges in accurately measuring the impact of their investments. According to recent data from WARC, a mere 2% of marketers are effectively utilizing a combination of advanced measurement techniques such as marketing mix modelling (MMM), experiments, and attribution to gauge the full extent of their marketing impact.

All set for 2024 African Brands Awards

Strong and formidable brands from Africa have indicated their readiness to compete in the 2024 Africa Fast Growth and Most Valuable Brands Awards, which are organised by The African Brands Magazine, the continent's leader in brand marketing reporting.

Tom Goddard Extends Leadership Tenure as President of World Out of Home Organization

Tom Goddard, President of the World Out of Home Organization (WOO), has announced his decision to extend his leadership tenure for a further period. Initially intending to step down, Goddard has responded to the WOO board's request and agreed to continue in his role.

Combatting Fraudulent Activities: Wema Bank Terminates Partnerships with Three Fintech Firms, Suspends Four Others

In an effort to combat rising cases of fraudulent transactions, Wema Bank, a leading commercial financial institution in Nigeria, has discontinued partnerships with three fintech firms and suspended four others. The move, according to the bank, is to safeguard customers' interests and maintain ethical standards.