Prime Highlight Lesaka Technologies is set to acquire app-only bank Bank Zero, with the Competition Commission recommending approval without conditions. The acquisition is seen as transformative, integrating a trusted neobank into Lesaka’s fintech platform to enhance digital banking offerings. …
Prime Highlights: L’Oréal opens its first dedicated ‘shop-in-shop’ in Africa, introducing a premium beauty experience in Abuja. The store features luxury and dermatology brands, including La Roche-Posay, Vichy, and CeraVe, for the first…
Prime Highlight Google and Cassava Technologies collaborate to make AI more affordable and accessible in Africa, removing barriers like high data costs and limited access to advanced tools. The initiative…
Prime Highlight: Libya’s National Oil Corporation (NOC) and its subsidiary ACOGO announced a significant oil and gas discovery in the Ghadames Basin, signaling renewed foreign interest in the country’s energy…
Prime Highlights: Pepkor strengthens its retail footprint by acquiring 469 stores from Retailability for R1.7 billion, bringing its total store count across Southern Africa to over 1,000. The acquisition supports…
The Nigerian government has so far set aside N22.89 billion to 29 manufacturing businesses through the Bank of Industry (BOI) as part of the N75 billion Manufacturing Sector Intervention Fund,…
Manufacturing activity in Nigeria's economy, measured by the confidence of its manufacturers, fell in the third quarter of 2024, losing 1.7 points. The Manufacturers Association of Nigeria said aggregate Manufacturers…
The most prominent British lifestyle brands, Timothy Oulton, has finally marked its entry into the Nigerian market with the opening of its flagship gallery in Victoria Island, Lagos. This is…
The proposed Nigerian budget for 2025 at N47.9 trillion is the new high in nominal terms, while in dollar terms, it marks the lowest point since 2018, according to the…
South Africa's Pay-TV operator Multichoice Group has taken a write-off of N31.6 billion, about $21 million in deposits held with the recently liquidated Heritage Bank of Nigeria. The financial adjustment…