Daily Archives: 23rd October 2025

Nigerian business mogul Tony Elumelu has called on African investors to support local markets while urging policymakers to maintain a stable and predictable business environment, underlining the importance of fostering homegrown economic growth. Africa faces an annual infrastructure financing gap of $108 billion, highlighting the need for collaborative investment strategies. Tony Elumelu emphasized the importance…

Ghanaian engineer Frank Owusu, founder of Aquamet, has been named a runner-up in the 2025 Royal Academy of Engineering’s Africa Prize for Engineering Innovation, the continent’s most prestigious award for engineering entrepreneurs. Ghanaian engineer Frank Owusu was acknowledged as a runner-up in the 2025 Royal Academy of Engineering’s Africa Prize for Engineering Innovation. Aquamet is…

Oil production remains a vital economic pillar for many African countries, playing a major role in their GDP and serving as a key source of government revenue. In September, output followed the usual pattern of monthly variations seen in the sector. Oil production remains integral to the economy of African nations, significantly contributing to GDP…

South Africa’s ambitious R440 billion ($24 billion) electricity transmission grid expansion has drawn the attention of global powerhouses, including Indian billionaire Gautam Adani’s energy firm, Chinese state-backed giants, and France’s EDF, signaling renewed global confidence in Africa’s clean energy infrastructure drive. South Africa’s R440 billion grid expansion program attracts global bidders including India’s Adani, China’s…

South Africa’s 440 billion rand ($25 billion) transmission grid expansion plan has drawn strong global interest, from Indian billionaire Gautam Adani’s energy company to major Chinese state-owned power firms. South Africa has initiated a 440 billion rand ($25 billion) project to expand its electricity transmission grid. The plan includes constructing 14,000 kilometres of power lines…

Africa’s richest man and chairman of the Dangote Group, Aliko Dangote, has disclosed plans to sell at least 5% of the Dangote Refinery on the Nigerian Exchange between now and next year. Aliko Dangote, Africa’s richest man and chairman of the Dangote Group, announces plans to sell 5% of the Dangote Refinery on the Nigerian…

Africa is taking a bold step toward digital sovereignty with the launch of a groundbreaking initiative to develop large language models (LLMs) rooted in African data, culture, and languages. GSMA launches a continent-wide initiative to develop African-led large language models (LLMs). Telecom giants like MTN, Airtel, Vodacom, and Orange join forces with AI research hubs…

The push to eliminate taxes on low-cost smartphones gained fresh momentum at the Mobile World Congress (MWC) in Kigali, where African telecom operators and government leaders warned that high device costs remain a major obstacle to digital inclusion across the continent. African mobile leaders at MWC Kigali renewed calls to remove taxes on smartphones priced…

AI is advancing at an unprecedented pace worldwide, and Africa is no longer just a consumer of technology. Its youth are shaping the future, transforming curiosity into real-world solutions. Among them, 24-year-old Kenyan innovator Elly Savatia is leading the way, stepping in to the continent’s rescue with transformative innovations that are redefining what African creators…