As AI continues to shape the digital landscape, its adoption remains uneven across the globe. For African countries in particular, bridging the gap in technical skills is essential to keep pace with this trend and unlock the economic benefits of digital advancements. On January 20, during the World Economic Forum in Davos, the International Telecommunication Union (ITU) announced the creation of...

This is the largest fundraising effort ever carried out by Naked in South Africa. Naked, a fully digital insurance platform based in South Africa, announced on January 21, 2025, that it has secured 700 million rands ($37.8 million) in its Series B funding round. The funding came from a mix of existing investors, including Yellowwoods, the International Finance Corporation (IFC), and Germany’s...

The Ivorian government has in recent years launched various initiatives to provide training and improve job opportunities for young people. On January 20, 2025, Ivorian Prime Minister Robert Beugré Mambé officially launched the 2024-2025 National Program for Internships, Apprenticeships, and Career Transition (PNSAR). The initiative aims to boost the employability of 142,000 young people, aged...

WIFI-calling is a transformative tool for bridging digital gaps, enhancing call reliability, and supporting Egypt’s broader goals of economic modernization and rural development. By leveraging this technology, Egypt is taking a proactive step toward ensuring accessible, high-quality communication for all its citizens. Egypt has officially introduced WIFI-calling, a new service allowing mobile...

This new recognition boosts the bank's standing in the global financial world, creating fresh opportunities for funding trade and infrastructure projects in Africa. Following a successful Samurai bond launch in Japan in 2024, the bank is now looking to use its triple-A rating to attract Chinese investors. Afreximbank, rated triple-A, is set to enter China’s capital market in 2025. After...

Morocco’s economy is expected to grow by 3.8% in 2025, up from 3% in 2024, according to a report released on January 20 by the High Commission for Planning (HCP). This recovery will be driven mainly by a rebound in agriculture and the resilience of non-agricultural activities. After a challenging 2024 marked by severe drought, the 2024-2025 agricultural season is expected to benefit from...

Quacquarelli Symonds (QS), a consulting firm specializing in higher education, released a report on January 16 ranking countries based on their readiness for the global labor market. The report named Egypt as the best-prepared African country to meet the evolving demands of the global job market, highlighting the country’s strengths in digital skills, artificial intelligence (AI) integration...

Afreximbank and Prosper Africa have signed a new agreement to strengthen trade and investment ties between the United States and Africa, focusing on industries critical to economic growth and innovation. The partnership, announced by Afreximbank on January 17, aims to capitalize on the unique strengths of both organizations. Key sectors targeted include creative industries, strategic minerals,...

The investment will be made through the Lofty Alpha Fund, managed by LoftyInc Capital Management. The fund has a target size of $50 million and will be based in the United States. The International Finance Corporation (IFC) plans to invest $6 million in equity in a pan-African fixed-capital venture fund aimed at early-stage technology companies across various sectors on the continent....

Telecommunications is crucial for economic growth, education, healthcare, and government operations. Poor network performance, especially in underserved areas, disrupts communication, reduces productivity, and limits access to essential services. Reliable networks are key to Africa's digital transformation and socio-economic progress.  The Uganda Communications Commission (UCC) assessed...