Africa’s private sector activity showed renewed signs of strength in the first quarter of 2026, with more economies recording expansion despite rising global uncertainty triggered by the United States–Israel–Iran conflict, a BusinessDay analysis of the latest Purchasing Managers’ Index (PMI) data fr
Africa is entering a more complex phase, shaped by rising geopolitical tensions, shifting capital flows, and uneven growth across key markets. From currency pressures in East Africa to record valuations in Nigeria’s banking sector and renewed momentum in frontier economies, the continent is navigati
Ecobank Transnational Incorporated is in advanced talks with Bank of China to launch a direct local-currency-to-yuan settlement platform by year-end, as trade ties between Africa and China deepen. The proposed platform would allow businesses to settle transactions directly in Chinese yuan, bypassing
Nigeria’s cosmetics import bill, estimated at over $1.1 billion, is intensifying calls for stronger local manufacturing and value addition in the sector, as policymakers and industry experts push for reduced dependence on imports. This was revealed at the media parley hosted by Nnanyelugo Ike-Muonso
As Africa's financial sector shifts from inclusion to impact, Ecobank's Carol Oyedeji explains why unlocking the full potential of women entrepreneurs is increasingly becoming a commercial imperative rather than a social goal.
Nigeria’s leading technology company, ipNX, has called for urgent action to address key challenges slowing down the growth of the country’s telecommunications sector, warning that issues such as poor power supply, weak security coordination, and limited investment could hold back progress. The call
Canada’s start-up visa, the United Arab Emirates’s golden visa, and the United States’ EB-5 immigrant investor programme are among a growing number of pathways offering Nigerians and other Africans access to investment migration opportunities designed to attract foreign capital inflows. Nigerian inv
In a major push to strengthen Africa’s control over its digital future, UniCloud Africa and Open Access Data Centres have announced a strategic partnership aimed at keeping African data within the continent and reducing dependence on foreign cloud providers. The agreement will see UniCloud Africa de
Once known primarily for its agricultural strength, Côte d'Ivoire is emerging as a serious contender in West Africa's innovation economy, drawing increasing interest from entrepreneurs and investors looking beyond the continent's established tech hubs.
The Federal Capital Territory Administration (FCTA) has warned that the ongoing teachers’ strike could disrupt the conduct of the West African Examinations Council (WAEC) examinations, urging the Nigeria Union of Teachers, FCT Wing, to suspend the industrial action and return to negotiations. The ap