Business
In-depth reporting on African markets, startups, investments, and economic trends.
Bitcoin Bonanza: Strategy Inc. Reports Massive Quarterly Profits on Soaring BTCStrategy, formerly MicroStrategy, announced its Bitcoin treasury strategy is back in the black, reporting $21 billion in paper gains for Q3 2026. This resurgence follows a significant surge in Bitcoin's price, with the company continuing to expand its substantial holdings. CEO Phong Le has affirmed a "bullet-proof balance sheet" despite past challenges.
By David Isong•6 hours agoCrypto
Startup
Startup Success: Complete Farmer Lands $2.4M IFC Loan for Growth!
Ghanaian agritech company Complete Farmer has secured a $2.4 million convertible loan and advisory support from the International Finance Corporation (IFC) to boost financing for smallholder farmers. The funding aims to leverage Complete Farmer's data-driven model to enhance credit access and risk management, with a goal to support 240,000 farmers by 2030. This initiative addresses critical financial barriers for farmers, building on the success of a pilot program and previous funding rounds.
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VC Win: Five35 Ventures Boasts 3.5x Return on First Exit!
Five35 Ventures has achieved its first successful portfolio exit, generating a 3.5x return and 38% IRR on its investment in Ghanaian agritech company Complete Farmer. This exit validates Five35's gender-lens investment strategy and underscores the potential for realized returns in African venture capital, particularly within the agriculture sector. The achievement provides crucial capital for future investments and offers a strong proof point for the firm.David Isong
Mission Mobile Secures Massive $30M for African Smartphone Financing!
South African mobile technology company Mission Mobile has secured ZAR500 million from DN Invest to expand smartphone financing for prepaid mobile customers. Leveraging its Beam platform, the company offers an innovative solution for users traditionally excluded from contracts, linking device payments with mobile data and boosting customer retention for network operators.David Isong
Kenyan E-Commerce Firm Copia Faces Devastating Liquidation Order!
A Kenyan High Court has ordered e-commerce company Copia Kenya into liquidation after its two-year administration failed to revive the business. Despite raising over US$120 million to serve rural African consumers, the court found no realistic path for the company's continued operation. This development highlights the significant challenges faced by e-commerce ventures in rural African markets and serves as a cautionary tale for investors.David Isong
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
Economy/Finance
South Africa Wants TikTok to Pay Its Creators. But the Problem Goes Beyond TikTok.Â
African creators are building audiences on TikTok and other platforms, but access to direct monetisation varies. Why does the continent need a broader creator-revenue conversation?
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PRECIOUS O. UNUSERE
Dangote Is Building Another 700,000-Barrel Refinery in Kenya. Is This the Start of His African Refinery Empire?
Dangote is building a $16 billion, 700,000-barrel-per-day refinery in Kenya. Here is what Lamu means for fuel supply, trade and his African expansion.Zainab Bakare
How Africa’s Tech-Savvy Youth Are Transforming the Job Market Through Remote Work
Africa’s youth are leading a remote work boom, reshaping job markets with tech skills and innovation. Here’s how they’re building a digital-first future.Adedoyin Oluwadarasimi
Scarcity At Home: The Danger of Food Export Culture in Africa
Just how much of Africa's food is exported, and how does this affect the local food table?Ibukun Oluwa
How Fintech is Redefining Financial Inclusion and Economic Growth
From mobile money to innovative lending, Africa's booming fintech sector is leapfrogging traditional banking, empowering millions, and driving unprecedented financial inclusion and economic transformation.Emmanuel Okoye
Crypto
Bitcoin Bonanza: Strategy Inc. Reports Massive Quarterly Profits on Soaring BTC
Strategy, formerly MicroStrategy, announced its Bitcoin treasury strategy is back in the black, reporting $21 billion in paper gains for Q3 2026. This resurgence follows a significant surge in Bitcoin's price, with the company continuing to expand its substantial holdings. CEO Phong Le has affirmed a "bullet-proof balance sheet" despite past challenges.
Read More ( 2 min. read)→
Crypto Under Fire: CFTC Unveils Sweeping New Oversight Rules
The U.S. Commodity Futures Trading Commission (CFTC) has proposed new rules to regulate digital asset transactions and markets, allowing U.S. crypto exchanges to opt into a federal regulatory regime. This move, championed by Chairman Mike Selig and aligned with President Trump's pro-crypto stance, proceeds despite the Clarity Act's legislative stall. The preliminary rulemaking notice is now open for public comment for 60 days.David Isong
Ripple Ecosystem Expands: Clearpool Makes Key Leap to XRP Ledger
Clearpool is making a pivotal move to the XRP Ledger, following overwhelming community approval, and will migrate its CPOOL token to CLEAR in Q4 2026. This strategic alliance with Ripple focuses on on-chain lending for real-world assets in fintech, utilizing RLUSD and a unique deflationary token mechanism. The market has already reacted positively to the news, showing strong bullish momentum for CPOOL.David Isong
Binance Drops the Hammer: Brazil Crypto Transfers Face Blockade
Binance is imposing new, stricter regulations on international crypto transfers for its Brazilian users starting November 1, in line with Brazil's expanded crypto regulation. Users will be required to share detailed information about the intent and partners of their international transactions, with non-compliance resulting in blocked withdrawals or frozen incoming transfers.David Isong
India's Central Bank Balances Crypto Caution with Tokenization Backing
India's central bank, the RBI, maintains a cautious stance on private cryptocurrencies due to concerns over monetary sovereignty, policy, and capital flow, despite supporting underlying technologies like DLT. Governor Sanjay Malhotra highlighted risks like the disruption of the 'singleness of money' and challenged the utility of crypto for payments, with the RBI reportedly favoring outright prohibition for private digital assets.David Isong
Career
Why Does Every Entry-Level Job Want Experience From Someone Nobody Has Employed Yet?
Entry-level jobs increasingly demand prior experience, leaving graduates caught between unpaid work and unemployment. Who will give them their first real opportunity?
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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