Dangote refinery drives seven-fold rise in Nigeria petroleum product exports, EIA says, as fuel imports fall and Africa’s largest economy nears energy self-sufficiency Nigeria’s position in the global fuel trade has flipped in a way few analysts predicted moving this fast. Seaborne petroleum product exports from the country have grown seven-fold since 2023, with Nigeria … Read more
Early-stage founders working in agritech, climate tech or fintech in India now have a fairly well-defined funding path worth knowing about, and it’s coming from one of the country’s most credible academic incubators rather than a typical VC fund. The TechPioneer Grant, run by the IIT Madras Incubation Cell in partnership with the School of … Read more
AI Is Not Free: Why the Cost of Staying Smart Is Breaking Company Budgets in 2026, as enterprise AI spending and hidden token costs outpace ROI For a couple of years, the pitch around enterprise AI was simple: adopt fast, figure out the economics later. That grace period is over. Companies that rushed to bolt … Read more
Kenya’s new crypto regulations are creating a formal path into the market, but the cost of compliance under the Kenya VASP licence could determine which businesses can afford to stay competitive in East Africa’s crypto industry. For years, Kenya’s crypto sector operated in a legal grey zone that fuelled genuine innovation while leaving both users … Read more
Alibaba Shares Slide After $10.2 Billion AI Share Sale Offered at Sharp Discount Alibaba just gave investors a very clear read on how expensive the AI race has become, and the market did not like the invoice. Shares of the Chinese e-commerce and cloud computing giant tumbled as much as 10 percent in Hong Kong … Read more
Morgan Stanley bullish on ArcelorMittal as tighter trade curbs boost steel outlook >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Morgan Stanley has thrown its weight behind ArcelorMittal, initiating coverage of the steelmaker with an overweight rating and betting that a wave of new European trade protections is about to rewrite the profit story for the continent’s largest steel producer. The bank set … Read more
CashAfrica, a Nigerian contactless payment infrastructure provider, has partnered with ChamsSwitch, a licensed switching and electronic payment processing company, to resolve compliance bottlenecks slowing the rollout of its tap-to-pay solution. Under the agreement, CashAfrica will manage the contactless payment experience when users tap a phone or card on a point-of-sale (POS) terminal, while ChamsSwitch will … Read more
OmniRetail, a business-to-business (B2B) e-commerce platform operating in Nigeria, Ghana, and Côte d’Ivoire, has launched OmniOne, a new digital platform designed to help fast-moving consumer goods (FMCG) manufacturers scale distribution and streamline operations. The launch marks an expansion of OmniRetail’s existing infrastructure, which already powers retailer transactions through OmniBiz, its core commerce engine. With OmniOne, … Read more
Fincra secures Ghana payments licence Fincra, a Nigerian payments infrastructure provider, has obtained a Payment Service Provider Licence (Enhanced Category) from the Bank of Ghana, allowing it to connect directly to the country’s financial system and process local transactions. With the approval, Fincra can collect payments in Ghana, settle transactions in cedis, and receive inbound … Read more
Nigerian Exchange Group Plc (NGX Group) recorded a 93.67% increase in profit after tax to ₦4.09 billion in the first quarter of 2026, driven by a surge in trading activity across the market. According to its unaudited Q1 2026 financial results, total income rose by 70.51% to ₦7.80 billion, reflecting stronger participation from both retail … Read more