African News
As the Second World Summit for Social Development continued in Doha on Wednesday, governments warned that global progress risks stalling unless social protection, equality and peace are prioritised – and backed with political and financial commitment. Delegates from all regions reaffirmed that social justice and peace are inseparable, calling for stronger safety nets, poverty reduction…
Civil society networks and private sector leaders crossed paths in the buzzing corridors of the Qatar National Convention Centre, a reminder that social development is not just debated in meetings rooms – it touches jobs, families and futures. With nearly 14,000 attendees registered for the Second World Summit for Social Development, currently underway in Doha,…
Romeo Kumalo, the former Vodacom Group executive and co-founder of LLH Capital Ltd., plans to raise a $200 million private equity fund to invest in artificial intelligence-focused companies across Africa. The move follows LLH Capital’s profitable exit from Optasia, the fintech and AI platform that debuted on the Johannesburg Stock Exchange this week with a…
Dubai-based fintech group Optasia officially listed on the Johannesburg Stock Exchange (JSE) on Tuesday, November 4, after a R6.5 billion ($345 million) initial public offering priced at R19 per share, the top of its range. The offering was several times oversubscribed, resulting in Optasia having a market capitalization of R23.5 billion ($1.4 billion). The stock…
·FRC integrates Islamic finance services within Nigeria’s financial reporting framework Dike Onwuamaeze and Kayode Tokede Vice President Kashim Shettima and other economic sstakeholders, yesterday called on African nations to deepen the adoption of Islamic finance as a tool for inclusive and sustainable economic transformation across the continent. Keep up with the latest headlines on WhatsApp…
Ventures Platform, one of Africa’s most active early-stage venture capital firms, has raised $64 million so far for its second fund, with a final close target of $75 million, according to founding partner Kola Aina. The raise includes participation from the Nigerian government through its Investment in Digital and Creative Enterprises (iDICE) program — marking…
Doha, Qatar — During the Second World Summit for Social Development in Doha, Spotlight Initiative and the Qatar Fund for Development (QFFD) hosted the side event ‘Invest in adequate social protection for women and girls to drive meaningful change across all Sustainable Development Goals (SDGs)’. This session underscored the urgent need to strengthen universal, inclusive…
KTDA CEO Wilson Muthaura, Agriculture CS Mutahi Kagwe and KTDA chairman Chege Kirundi. PHOTO/FILE. Kenya is one of the world’s largest exporters of tea, but within the country, a growing controversy has arisen over the significant price disparities between tea grown in the East and West of the Rift Valley. Tea farmers in the Eastern…
Global Citizen has announced that its flagship Global Citizen NOW action summit will be held in South Africa for the first time on November 21, at the Sandton Convention Centre in Johannesburg. The event, taking place on the eve of the G20 Leaders’ Summit, will convene world leaders, business executives, and activists to accelerate investment…
Nairobi — President William Ruto on Thursday held a telephone conversation with German Chancellor Friedrich Merz, during which the two leaders discussed efforts to end ongoing conflicts across Africa and strengthen Kenya-Germany bilateral cooperation, particularly in labour mobility and skills exchange. According to a statement from State House, the discussion focused on regional peace and…
