NEWS

Jeff Bezos’ Amazon joins Starlink as Africa’s biggest telecom market expands satellite internet options

PerformanceBy Editor16th January 2026Leave a comment

Nigeria, Africa’s largest telecom market, is opening its skies to more satellite internet providers as Amazon LEO, the tech giant’s low-Earth orbit (LEO) satellite network, secures approval to operate across the country. Nigeria expands its satellite broadband market by issuing seven-year operation permits to Amazon, Israel’s NSLComm, and Germany’s Satelio IoT Services. These permits allow…

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Despite some cause for concern, Nigeria’s inflation dips

PerformanceBy Editor16th January 2026Leave a comment

Nigeria’s current inflation rate registered a decline for the year, contrary to projections of an increase, as reported by the country’s bureau of statistics. The National Bureau of Statistics (NBS) reported a slight increase in Nigeria’s inflation rate in December 2025, now at 15.15%, following a revised computation method. Previously projected to rise significantly, the…

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$400M legal battle: US fintech sues DR Congo over failed $72M banking project

PerformanceBy Editor16th January 2026Leave a comment

An American financial technology company, PayServices, has filed a lawsuit in a United States federal court against the Democratic Republic of Congo (DRC) and several senior government officials over a collapsed project to modernise the country’s banking and payments infrastructure. PayServices has filed a lawsuit in a U.S. court against the DRC over a failed…

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US approves $413m for Nigeria’s anti-insurgency war in West Africa

PerformanceBy Editor16th January 2026Leave a comment

The United States has authorised $413 million in funding for counter-insurgency and security operations in Nigeria and other parts of West Africa in the 2026 fiscal year, according to details of the new National Defence Authorisation Act signed into law in December 2025. The United States has approved $413 million for counter-insurgency and security operations…

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South African mine unearths rare blue diamond shaped like Africa worth $40 million

PerformanceBy Editor16th January 2026Leave a comment

A rare blue diamond weighing almost 42 carats has been unearthed in South Africa’s historic Cullinan Mine, with industry experts suggesting it could fetch in the region of $40 million at auction. A rare blue diamond weighing nearly 42 carats has been discovered at South Africa’s Cullinan Mine. Experts say the stone could fetch up…

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Multibillion-dollar tobacco company shuts down South African factory due to illicit trade

PerformanceBy Editor15th January 2026Leave a comment

South Africa’s legal tobacco industry is reaching a critical juncture as illicit cigarettes increasingly dominate the market, forcing one of the country’s oldest multinationals to close its only manufacturing plant. The illegal market has surged following the COVID-19 lockdown tobacco sales ban, creating entrenched illegal trade networks and significant tax revenue losses. Approximately 75% of…

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