Nigeria

EBRD2025: African tech is flourishing, but it still has a long way to go

Ben Aris in London May 16, 2025

Africa benefits from an incredibly young, tech savvy population; over 60% of the population is under 25 years old and in just Senegal the average age of the population is a mere 19 years old. That makes it a hotbed for tech development.

EBRD2025: EBRD to launch operations in Nigeria, Côte d’Ivoire and Benin as expansion into Africa continues 


Clare Nuttall in London May 13, 2025

The EBRD decided in 2023 to amend the bank’s charter and allow expansion into Sub-Saharan Africa and Iraq.

HALLIGAN: Power struggle in OPEC+ is pulling oil prices down

bne IntelliNews May 8, 2025

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.

COMMENT: Trump’s tariff drive hits emerging markets as growth and inflation forecasts slide – Oxford Economics

bne IntelliNews May 6, 2025

President Donald Trump’s aggressive trade policies are already casting a long shadow over emerging market economies, with analysts cutting growth forecasts and warning of prolonged investment uncertainty and policy disruption.

Sub-Saharan Africa is home to 16% of the global population but 67% of extreme poverty - OWID

bne IntelliNews April 30, 2025

Every twelfth person in the world still lives in extreme poverty. That means surviving on less than $2.15 per day (adjusted for differences in living costs between countries).

Russia's expanding pull in Africa is pushing Western influence out

Ben Aris in Belrin April 23, 2025

Moscow’s expanding presence in Africa has largely unfolded in silence, but the shift it represents is profound. Like in the game of Risk, Africa’s sheer size and its treasure trove of untapped raw materials is becoming increasingly important.

CONFERENCE CALL: Aurora Women in Tech Global Awards

Ben Aris in Cairo April 15, 2025

“Why is it women only get less than 3% of Venture Capital funds? There is not a pipeline problem. There is a perception problem,” says Isabella Ghassemi-Smith, head of the Aurora Tech Award, which promotes women-led start-ups.

Oil is a major source of income for eight African countries – OWID

Simon van Teutem for Our World in Data February 24, 2025

Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.

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