The Africa Social Impact Summit (ASIS) has mobilised more than $1 billion in funding for sustainable development projects across Africa, with organisers now projecting an additional $500 million in investment commitments at its upcoming 2026 edition. The announcement was made in Abuja by the Chief Executive Officer of Sterling One Foundation, Olapeju Ibekwe, during a …
African startups attracted $1.4 billion in venture capital funding in the first quarter of 2026 despite a sharp decline in deal activity. The surge came despite investors concentrating their bets on a smaller number of established companies, according to a new report by the African Private Capital Association (AVCA) released on Tuesday. The report, Venture Capital …
Across Africa, water is no longer just an environmental concern but has become a hard economic constraint with measurable consequences for growth, productivity, and human development. New consolidated estimates from the United Nations, the African Union, the World Bank, and the UN Economic Commission for Africa show that achieving universal access to safe drinking water …
Banks must go beyond traditional lending products and provide more flexible, structured trade solutions if African businesses are to take advantage of growing cross-border trade opportunities, a Corporate Banking Director at Absa Bank Tanzania, Nellyana Mmanyi, has said. Mmanyi made the call in a statement on Wednesday made available to Pinnacle Daily. She stated that …
Stakeholders in Nigeria’s maritime sector say the Middle East crisis may disrupt cargo movement into Nigerian ports. They also warn that prolonged conflict could raise shipping costs and worsen inflation across Nigeria and West Africa. Industry operators say the crisis already affects global shipping routes. Chairman of the Shipping Association of Nigeria, Boma Alabi, said …
Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
Nigeria’s exports to Africa surged in the first half of 2025, reaching N4.82 trillion, a 14 per cent increase from N4.21 trillion in the same period of 2024. West Africa continued to dominate as the main market, absorbing over 62 per cent of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs …
Africa may fail to eliminate cervical cancer as a public health threat unless countries expand Human Papillomavirus (HPV) vaccination to include older women excluded from early immunisation programmes. MSD South Africa and Africa Health Business issued the warning, saying millions of women across the continent remain unprotected despite the availability of effective vaccines. An analysis …
South Africa is set to host the first China-led BRICS joint naval exercises starting Friday in its territorial waters. The drills, themed “Joint Actions to Ensure the Safety of Shipping and Maritime Economic Activities,” will focus on enhancing maritime security and protecting international shipping lanes. READ ALSO: South Africa Dismisses Trump’s ‘False Genocide’ Claims Ahead …
The United States has expanded its controversial visa bond policy, adding seven more countries, five of them in Africa, to the list of nations whose citizens may be required to post bonds of up to $15,000 before entering the country. Under the latest update by the Trump administration, passport holders from Bhutan, Botswana, the Central …
