Before writing this article, I casually surveyed a few Lagos residents, asking how they felt about living here. They all had one thing in common: a love-hate relationship with the coastal mega-city. Those who had previously tasted urban life outside the state before migrating would rather not be in Lagos if it didn’t bring them … Read More “Lagos: 19th best city in the world?” »
Shiba Inu, the widely recognized meme coin, recently underwent a three-day decline, reflecting the overall sentiment in the broader market. Despite this period of decline, the coin demonstrated a modest recovery, accompanied by an enhancement in its burn rate. As of the latest update, Shiba Inu (SHIB) is currently trading at $0.000008807, indicating a weekly … Read More “How Many Shiba Inu Coins You Need To Make $5 Million If It Hits $0.01?” »
Jan 29, 2024 © Igor Kardasov / Adobe Stock Malaysian FPSO leasing firm Yinson Production has appointed TMC Compressors to supply a large marine compressed air system for FPSO Agogo, which will be operated by Azule Energy, a BP-Eni joint venture, on a development offshore Angola. Under the contract, whose value was … Read More “TMC Compressors to Provide Equipment for Agogo FPSO” »
Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the second devaluation of the currency in seven months. The local unit depreciated 31% to 1 413 naira a dollar on Monday in the so-called NAFEX fixing, the official foreign exchange window, … Read More “Naira plunges 31%, brings currency closer to Nigeria street rate” »
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The Great Millet Quest Powered By Unilever The Great Millet Quest Powered By Unilever In a pioneering effort to transform Kenya’s agricultural sector, Unilever in partnership with Farm To Market Alliance (FTMA) and the University of Nairobi has announced the launch of “The Great Millet Quest” This competition aims to inspire the most inventive university … Read More “The Great Millet Quest Powered By Unilever” »
There is a Climate Funding gap of 40 billion dollars in blue carbon, yet no Kenyan firms are undertaking it. According to the World Bank, Kenya remains vulnerable to frequent climatic shocks that pose significant economic risks. The East African country has been gravely affected by changing weather patterns and a fall in disposable income … Read More “Climate funding gap in Kenya high up to $40 billion” »
After a measly 3% gain in equities in 2023, local is lekker seems to be the predominant theme among fund managers, according to the latest Bank of America (BofA) fund manager survey. Local bonds in particular are expected to outperform in 2024 as global interest rates are predicted to trend lower, starting from the second … Read More “Fund managers see rand strengthening to R17.73 in 2024” »
Image Credit: Finnfund To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “Finnfund appoints board member to be DFI’s new CIO” »
In each crowded Lagos suburb, there’s a high chance you meet a hawker selling African salad, locally known as Abacha. It’s a popular dish from the Igbo tribe in the Nigerian South East, and to many, it’s a taste of home. But there’s a problem with this meal: it’s highly perishable. This, combined with the … Read More “How Valentine Okoli turned an overnight hunger into an innovative fuel” »
