Jessica Erobomhan Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria’s fintech ecosystem has become one of the largest in Africa, noting that the country’s growing payment ecosystem continues to attract significant investment. Jaha spoke recently in Lagos at the 2026 Stakeholders’ Retreat of the House Committee on…
At least 132 people are dead and a state of emergency has been declared after Colombia was hit by one of its largest earthquakes in years. The death toll is likely to rise, with more feared trapped under collapsed buildings. The magnitude 7.4 quake struck at 07:34 (12:34 GMT) at a depth of 103km (64…
By Ayodeji Adegboyega | Business Insider Africa ZIMBABWE approved US$1.59 billion worth of new investment projects in the second quarter of 2026, with mining and manufacturing absorbing nearly 80% of the proposed capital as the southern African country intensifies its push to build an industrial economy around its vast mineral resources. The Zimbabwe Investment and…
Shareholders of Fidson Healthcare Plc have approved a dividend of N1.50 per 50 kobo ordinary share, amounting to N3.6 billion, at the company’s 27th Annual General Meeting held virtually. In a statement, it was noted that the approval comes against the backdrop of a year in which the Company achieved key milestones in its growth…
Addis Ababa — The U.S.-based Cable News Network (CNN) has spotlighted Ethiopia’s Grand Ethiopian Renaissance Dam (GERD) as one of Africa’s most remarkable engineering achievements. The media company also portrayed the project as a symbol of the country’s broader economic transformation and infrastructure-driven development strategy. In a feature on its Connecting Africa program, CNN journalist…
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
Informal apprenticeships remain Africa’s largest skills development system, providing training opportunities to millions of young people and workers who would otherwise lack access to formal training. This was one of the highlights at the third annual regional conference of the Sub-Saharan Africa Skills and Apprenticeship Stakeholders Network held in Abuja, Nigeria, last week. The Ministry…
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10…
Financial fraud presents a direct reputational exposure for listed companies. Financial fraud is no longer a peripheral concern for large organisations. It sits on audit committee agendas, features in board risk registers and has become a direct reputational exposure for listed companies. The question for CFOs and their teams is not whether controls are needed,…
SHANGHAI, CHINA – NOVEMBER 05: People visit the booth of Organon during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. The 7th China International Import Expo (CIIE) kicked off in Shanghai on November 5. (Photo by Tang Yanjun/China News Service/VCG via…
