Updates

Nigeria’s Telcos Post Strong Profit Growth in H1 2025, Driven by Reduced FX Losses, Strong Revenue Growth

August 5, 2025/CSL Research In the first half of 2025, players in the Nigerian telecommunications sector posted robust Profit growth, primarily driven by a significant reduction in foreign exchange (FX) losses and the full impact of recently implemented tariff increases. Industry-wide, operators reported solid Revenue gains, with MTN Nigeria leading […]

Blockchain Fintech Shiga Digital Empowers African Businesses to Leverage Digital Finance Tools

Blockchain fintech deepens impact with Tether partnership August 5, 2025/Shiga Digital Shiga Digital, a rapidly growing blockchain-based fintech company, is transforming how African businesses access modern financial services. Today, the company announced the launch of its new Android and iOS apps, expanding access to its end-to-end digital finance platform for […]

Dangote, Afreximbank, Others Sign $1.35b Refinery Refinancing Deal

August 5, 2025/Dangote Group African Export-Import Bank (Afreximbank) has announced the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion syndicated financing arrangement for Dangote Industries Limited (DIL), Africa’s largest industrial conglomerate. Afreximbank acted as […]