Business
In-depth reporting on African markets, startups, investments, and economic trends.
Is Capitalism The Best System We Have Or Is It Just The Least Broken?Capitalism creates billionaires, businesses and breakthroughs across Africa, but it also rewards wealth, access and power. So is it really the best system we have, or simply the least broken?
By Owobu Maureen•9 hours agoEconomy/Finance
Startup
Startup's Financial Fortunes Shine: Moody's Affirms AFC with A3 Rating, Stable Outlook Secured!
Moody's affirmed Africa Finance Corporation’s (AFC) A3 rating with a stable outlook, citing stronger capital, solid liquidity, and stable asset quality. The infrastructure lender successfully raised $782 million in equity, boosting usable capital to $5 billion, though challenges remain in shareholder diversification and managing debt maturities amidst rapid asset growth.
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Onikola Waliyu: The Nigerian Innovator Who Built a Bookkeeping Tool for Traders
Nigerian digital product architect Onikola Waliyu built Ghost Ledger, a WhatsApp-based bookkeeping system designed to help informal traders turn everyday transactions into structured financial records.Precious O. Unusere
Street Smarts to Startups: Africa’s Informal Hustlers Are Evolving Into Entrepreneurs
From street corners to thriving startups, Africa’s street-smart hustlers are transforming survival skills into structured businesses and economic impact.Adedoyin Oluwadarasimi
Six Legendary African Business Deals That Paid Off
A legendary deal is never just about the numbers. It’s about knowing what something is worth, before the world does.Ibukun Oluwa
Vitel Wireless & the Future of Telecom in Nigeria: Revolution or Hype?
Nigeria’s telecom landscape stands at a potential turning point with the arrival of Vitel Wireless, the first commercial MVNO (0712) in the country. Unveil the promises, the context, the risks, and why this matters for everyday Nigerians who’ve grown weary of “better network soon.”PRECIOUS O. UNUSERE
Economy/Finance
Is Capitalism The Best System We Have Or Is It Just The Least Broken?
Capitalism creates billionaires, businesses and breakthroughs across Africa, but it also rewards wealth, access and power. So is it really the best system we have, or simply the least broken?
Read More ( 6 min. read)→
OWOBU MAUREEN
The Parallel Market Premium: The Daily Tax on Ordinary Nigerians That Nobody Calls a Tax
Nigeria's official and parallel exchange rates create a daily currency premium that quietly reduces the purchasing power of ordinary Nigerians, and that gap deserves to be treated as more than just a market statistic.Precious O. Unusere
The Side-Hustle Pandemic: Survival Disguised as Entrepreneurship
The side-hustle economy is often celebrated as entrepreneurship, but for many workers, multiple income streams are becoming a necessity rather than a choice. What does this reveal about the economy, wages, and the cost of living?Precious O. Unusere
A Million Views Can Make You Famous in Africa, Yet It Might Not Make You Rich. Why Is This So?
A million views sounds like a payday, but for many African creators, this isn't the case. So where does the money actually go?Owobu Maureen
EFCC Recovers $60 Million From Nestoil in Ongoing Debt Investigation
The EFCC has recovered $60 million from Nestoil—but a much larger debt remains. Here’s what the repayment deal means for the ongoing investigation.Ogochukwu Magdalene Obia
Crypto
Iranian Hacking Ring Busted: $6M Bitcoin Ransom Part of Sprawling Cybercrime Spree!
Seventeen Iranians have been criminally charged by U.S. federal authorities for a vast, state-sponsored cyberattack campaign, including an attempted $6 million Bitcoin extortion of HBO. The Mabna Institute, allegedly working for Iran's Islamic Revolutionary Guard Corps, targeted hundreds of universities, companies, and government agencies, stealing and reselling intellectual property.
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Bitcoin Soars Past $72,000 After Trump's Clarity Act Push Sparks Market Frenzy!
Bitcoin's price surged past $72,000 following President Trump's meeting with crypto executives, where he urged the passage of the Clarity Act. This rally was further bolstered by the Treasury Department's announcement of increased debt repurchases, supporting risk-on assets like Bitcoin. The cryptocurrency's recent performance reflects a complex interplay of political and economic factors.David Isong
Ripple Targets $10 Billion Private Credit Market With New XRP Ledger Lending System
Ripple's new institutional lending platform is specifically designed to provide capital for real-world businesses, moving beyond typical DeFi speculation. The system will operate on the XRP Ledger, leveraging a regulated stablecoin (RLUSD) and native protocol amendments for heightened security and increased XRP utility.David Isong
Ripple's RLUSD Minting Spree Sends XRP Soaring 19%
Ripple's stablecoin, RLUSD, has seen significant minting and burning activity, indicating active supply management. This coincides with XRP experiencing a sharp rally, climbing nearly 19% in 24 hours and briefly reaching $1.24, showcasing robust market performance.David Isong
Ethereum's AI Ascendancy: 20% Rally Fuels $2.2B Bitmine Boost as Tom Lee Calls Ether a Core AI Layer!
Bitmine Immersion Technologies (BMNR) saw its crypto reserves increase by $2.2 billion due to an Ethereum rally, holding nearly 4.8% of ETH's circulating supply. Despite an unrealized loss on its total investment, the company actively stakes ETH for income. Fundstrat co-founder Tom Lee predicts Ethereum will become the "digital oil" and operating system for the future AI economy.David Isong
Career
Federal Government Launches ₦5 Million Funding Programme for Young Nigerian Entrepreneurs
Young Nigerian founders could get up to ₦5 million without giving up equity. Here’s how the new government-backed programme works and who can apply.
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Skills African Youth Need to Succeed in Today’s Job Market
Discover the essential technical and soft skills African youth need to thrive in today’s evolving job market. Learn how education, mentorship, and entrepreneurship are shaping future-ready careers across the continentAdedoyin Oluwadarasimi
The Pace of Progress: Why Education Lags Behind the Tech Revolution
While other sectors sprint ahead with digital transformation, global education remains largely unchanged. This article explores the deep-seated reasons for its slow evolution, comparing its inertia to the dynamic shifts seen elsewhere.Emmanuel Okoye
The World's Unfinished Classroom: Confronting the Global Education Crisis
From widening achievement gaps to outdated curricula, the global educational system is struggling. This article exposes the systemic failures leaving generations unprepared and the urgent need for a learning revolution.Emmanuel Okoye
Career Moves to Make in Q3: Insights from African Recruiters To Boost Job Search
Unlock your career potential this Q3 with insider tips from top African recruiters; discover the skills, sectors, and strategies hiring now.Owobu Maureen