A regional multilateral development bank established to contribute to the economic development and social progress of African countries.
Flutterwave CEO: Cross-Border Payments, Key Infrastructure for Africa’s Economic Growth
Flutterwave emphasizes the need for seamless and interoperable cross-border payments to unlock Africa's economic growth. The company provides a unified API for multinational giants like Uber and local enterprises such as Bamboo and Wakanow.
What It’s Really Like Working at a Startup in Africa: Salaries, Equity & Reality
Developers in Johannesburg earn about $42,000 annually, while those in Lagos make $11,000. Remote work for international companies can significantly boost earnings, with Nigerian developers earning an average of $53,658.
AfDB commits $184M to Africa’s largest solar and battery project in Egypt
The African Development Bank approved a $184.1 million financing package for the Obelisk solar project in Egypt. The project will include a 1GW solar power plant and a 200MWh battery storage system.
AXIAN Telecom takes 8% stake in Jumia days after Baillie Gifford fully exits
AXIAN Telecom acquires an 8% minority stake in Jumia, reshaping its investor landscape. Baillie Gifford, Jumia's largest institutional investor, completed its exit just days before AXIAN's investment.
Africa’s Capital Flight Crisis: A $587 Billion Drain Undermining the Continent’s Development Potential
Africa loses over $587 billion annually due to capital flight. Illicit financial flows account for approximately $90 billion lost each year.
