By Ayomide Otitoju The African Development Bank (AfDB) has released a strategic report outlining pathways for harnessing artificial intelligence (AI) to drive economic and social development across Africa. Titled Africa’s AI Productivity Gain: Pathways to Labour Efficiency, Economic Growth and Inclusive Transformation, the study was developed under the G20 Digital Transformation Working Group and highlights…
By Ayomide Otitoju At COP30 in Belém, Brazil (10–21 November), the African Development Bank Group (AfDB) introduced an innovative, interactive format to highlight its climate initiatives, hosting informal, coffee-style dialogues that allowed participants to engage directly with Bank experts. The discussions focused on accelerating sustainable and resilient development in Africa amid mounting climate threats. Al-Hamndou…
By Ayomide Otitoju Orange Money and Visa have announced a strategic partnership aimed at accelerating online payments and expanding access to financial services across Africa and the Middle East. The partnership, which has already been successfully deployed in Botswana, Madagascar and Jordan—where it has been renewed—recently recorded another milestone with the launch of the Orange…
By Ayomide Otitoju NNPC Limited noted that the cause of the explosion has not yet been determined, adding that a detailed investigation is currently underway to establish the circumstances surrounding the incident. The company said its immediate priority is ensuring the safety of residents in the affected communities, as well as protecting the environment. It…
By Ayomide Otitoju The African Development Bank Group (AfDB) has approved $76.37 million in additional financing for Somalia’s Road Infrastructure Programme, part of the Horn of Africa corridor linking Somalia, Djibouti, and Ethiopia. The funding package includes $49.16 million from the African Development Fund, AfDB’s concessional lending window, and $27.21 million from the Transition Support…
By Ayomide Otitoju The Ministry of Transport of the Republic of Angola on 5 December 2025 officially launched the public tender for the concession to operate, manage, and maintain the Namibe Corridor. Interested parties may submit proposals until 4 May 2026. The concession, initially set for 30 years and extendable up to 50 years, covers…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has pledged US$1.1 million to assist Jamaica and Haiti in their recovery from Hurricane Melissa, which struck the northern Caribbean in October, causing widespread devastation. According to Afreximbank President Dr. George Elombi, US$600,000 of the donation will go to Jamaica, with US$500,000 directed to Haiti. The contributions…
By Ayomide Otitoju Wema Bank, Nigeria’s most innovative lender and operator of Africa’s first fully digital bank, ALAT, has unveiled a ₦120 million prize pool for the Hackaholics 6.0 Grand Finale. The announcement follows the emergence of 35 finalist teams from regional pitch sessions that attracted 1,460 participants across seven Nigerian cities. Managing Director/CEO of…
By Ayomide Otitoju Fidelity Bank Plc has announced a free virtual masterclass on the Nigeria Tax Act 2025 (NTA), aimed at helping small businesses understand and prepare for changes taking effect next year. The session will hold at 10:00 a.m. on Friday, 12 December 2025, and will cover key provisions of the new law, its…
