Freetown — Sierra Leone’s economy is showing signs of stability in the face of heightened global challenges, with growth projected at 4.3 percent in 2025 and reaching 4.6 percent by 2027, according to the latest World Bank Sierra Leone Economic Update (SLEU) launched today in Freetown. This outlook is supported by expected improvements in agricultural…
Zhang Lei, founder and chairman of Hillhouse Investment, during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Wednesday, Nov. 5, 2025. Bloomberg | Getty Images Asia-focused private equity managers are turning more bullish on the world’s second-largest economy, betting on Beijing’s drive for technological self-sufficiency and rapid adoption to deliver the next…
Nigeria’s digital landscape may become under siege, if nothing is quickly done to tame the tide of cyber attacks targeting the country in particular and entire continent in general. Cyber attacks driven by financial gain, according to a new Microsoft report have surged, with 52% of incidents motivated by extortion or ransomware. The country’s growing…
Government targets 80% broadband coverage by 2030. Government’s beleaguered SA Connect broadband project may have finally found a workable formula after years of delays and missed deadlines, by letting the private sector do what it does best. The initiative, which earned the nickname “SA Disconnect” due to repeatedly rolled-over deadlines and government’s inability to execute,…
The safety of those on the road – whether driver or passenger – is increasingly being made the responsibility of the private sector. Last month, government gazetted the National Land Transport Amendment Act and its amended regulations, which aim to regulate the e-hailing sector and boost the protection of drivers and passengers. E-hailing companies have…
A $125 billion fund will use profits from global markets to invest in forest protection. Can we trust the same financiers driving deforestation to save the world’s forests? The UK and US financial sector are better known for financing businesses driving deforestation. But now, the government of Brazil is seeking their advice on how to…
Across Nigeria, many privately-owned healthcare facilities face funding bottleneck. Pharmacies watch their shelves empty as they struggle to restock essential drugs. Laboratories, unable to afford new equipment needed for diagnoses, and clinics are forced to turn patients away, as they face financial constraints that limit the services they can provide. For banks, credit unions, and…
Dado Ruvic/Reuters Videogame giant Electronic Arts will be taken private in a record-breaking US$55-billion leveraged buyout by a consortium consisting of private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, the company said Monday. The deal for the maker of Battlefield underscores how deep-pocketed investors are betting on the…
When seven expectant mothers in Palm Beach County had their babies delivered by midwives at Florida Woman Care, one of the largest female health care operations in the state, the cost should have been at least 20% less than what physicians charge. Instead, Florida Woman Care documents show, the women were all billed at the…
Earlier this year, Lagos-based private equity firm Aruwa Capital Management invested in Yikodeen, a Nigerian manufacturer of safety boots for workers in the oil and gas, construction, power and manufacturing sectors. Founded by entrepreneur Yinka Atunde, Yikodeen is capitalising on increasing health and safety requirements in workplaces. “With increased regulation and the need for corporations…
