African Countries Hit Hard by Scams, Digitalization to Blame
South Africa, Egypt, Nigeria, and Kenya top the list of African countries with highest scam losses, digitalization and new payment methods to blame.
Africa
African Students Flock to US Universities, Nigeria Leads
Sub-Saharan Africa sees 13% growth in international student mobility, with Nigeria having the highest number of students in the US
Africa's Diesel Prices: A Threat to Economic Growth?
Rising diesel prices in Africa may hinder economic growth, affecting industries like manufacturing, transportation, and agriculture.
Egypt Revives IPO Market with $110M United Bank Sale
Egypt launches first IPO in 3 years, selling 30% stake in United Bank, marking progress in privatization agenda
Ugandan Politician Abducted in Kenya, Detained in Uganda
Kizza Besigye, Ugandan opposition leader, kidnapped in Kenya and detained in Uganda, wife alleges.
Uganda Seizes $55,000 Worth of Contraband Phones
Ugandan authorities confiscate 781 smartphones and 108 button phones worth $55,000 from suspected smugglers.
Ghana Joins Africa's 'Big 5' in Private Deal Inflows
Ghana solidifies its position as a new entrant in Africa's 'Big 5' private capital destinations, driven by startup activity and policy reforms.
Dangote Refinery Reverts to US Crude Imports
Dangote refinery reportedly reverts to importing crude from the US, despite earlier commitment to buy from Nigeria.
Africa Embraces Cannabis Legalization: A Boon for Startups and Economy
Nine African countries have legalized cannabis cultivation for industrial and medicinal purposes, unlocking a multibillion-dollar market and opportunities for startups and entrepreneurs.