Turaco’s bet on M-KOPA’s smartphones expands insurance to more customers
Kenyan insurtech company, Turaco’s bet on M-KOPA’s smartphones expands insurance reach to over 1 million customers with less than $2 premiums. This latest partnership with M-KOPA–a pay-as-you-go financing startup–marks its biggest move yet. By embedding microinsurance into M-KOPA’s smartphone offerings, the company has bet on a tech-driven approach to tackling Kenya’s
Nigeria’s inflation slows to 23.18% in February on stable naira and lower fuel prices
Nigeria’s inflation slows to 23.18% in February on stable naira and lower fuel prices in 2025 after a Consumer Price Index (CPI) rebase. Data from the National Bureau of Statistics on Monday put February’s inflation rate at 23.18%, down from 24.48% reported in January 2025. A decline in diesel and
MTN Group’s earnings drop 69% amid currency woes
MTN Group’s earnings drop 69% amid currency woes following a tough year which has caused their headline earnings per share (HEPS) dropped from 315 cents in 2023 to just 98 cents in 2024. The culprits? The devaluation of the Nigerian naira and the ongoing conflict in Sudan. In Nigeria, a
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How to Invest in Africa [15 Steps to Follow]
Investing in Africa presents a wealth of opportunities, driven by the continent’s rapid economic growth, youthful population, and abundant natural resources. As of March 2025, Africa’s investment landscape has evolved significantly, offering both lucrative returns and avenues for positive social impact. This article provides actionable steps and insights on how
Alterra Africa Accelerator Fund secures $20m from UK’s BII
A private equity initiative backed by Nigerian industrialist Aliko Dangote, Alterra Africa Accelerator Fund secures $20m from the United Kingdom, through its development finance institution, British International Investment (BII). This investment aims to bolster mid-cap companies across Africa, focusing on sectors such as telecommunications, technology, financial services, consumer products, and
Airtel launches AI-powered spam alert service to combat SMS fraud in Nigeria
Airtel launches AI-powered spam alert service to combat SMS fraud in Nigeria, aiming to protect subscribers from the growing menace of spam messages and SMS fraud. This innovative service is automatically activated for all Airtel customers, requiring no additional application downloads, and is available to both smartphone and feature phone
Nigerian lender Sycamore expands into asset management
Nigerian lender Sycamore expands into asset management after securing a fund manager licence from the Securities and Exchange Commission (SEC) to operate as a fund and portfolio manager. This move signals a significant expansion beyond its core lending business, aiming to tap into the growing demand for accessible investment options
Interested in Investing in Africa? Here are Top 13 Investment Opportunities
Investing in Africa presents a multitude of opportunities across various sectors, driven by rapid urbanization, technological advancements, and a wealth of natural resources. In this article, we’ll discuss the top 13 investment opportunities for you who is interested in investing in Africa and also provide insights into the continent’s investment
China’s Investment in Africa: What You Need to Know
China’s investment in Africa has experienced significant growth in recent years, reflecting a deepening economic partnership between the two regions. In 2024, trade between China and Africa reached $295.5 billion, marking a 6.1% increase from the previous year. South Africa remained China’s largest African trading partner, with $52.4 billion in
Why is China Investing in Africa? Here’s the Answer
China’s investment in Africa has experienced significant growth in recent years, reflecting a deepening economic partnership between the two regions. In 2024, trade between China and Africa reached $295.5 billion, marking a 6.1% increase from the previous year. South Africa remained China’s largest African trading partner, with $52.4 billion in
