Author: Samuel Suru

Reserves reach $46.7 billion, covering 10.3 months of imports Naira sees a brief appreciation despite long-term depreciation Rating upgrades and lower inflation bolster financial outlook Nigeria’s gross external reserves reached $46.7 billion on November 14, 2025, according to a Central Bank of Nigeria announcement on November 18. The increase provides 10.3 months of import coverage for goods and services.

Google Hustle Academy has opened the application window for its new continent-wide initiative titled the AfCFTA Digital Inclusion and Entrepreneurship Programme, or ADIEP. This major training effort is specifically designed to enhance the competitive edge and scalability of African small businesses within the modern, technology-driven marketplace. The entire programme is offered completely free of charge to participants and aims to deliver essential digital skills training to a total of 7,500 small and medium-sized enterprises across the African continent. This initiative directly supports the goals of the African Continental Free Trade Area. The entire curriculum is delivered through a convenient online…

The African Development Bank Group (AfDB) began a two-day series of high-level consultations on Tuesday with various African development finance institutions and private sector financial partners. The explicit goal of these meetings is to collaboratively develop a bold and historic blueprint for a New African Financial Architecture, which is critically needed to bridge the substantial financing gap that currently hinders the continent’s numerous development needs. At the personal invitation of the Bank Group president, Dr. Sidi Ould Tah, more than 50 influential representatives from both regional and continental banks and development finance institutions (DFIs) are convening at the African Development…

The United Nations Economic Commission for Africa (ECA), utilizing its African Trade Policy Centre (ATPC) and the African Institute for Economic Development and Planning (IDEP), has formally launched a significant new capacity-building program. This initiative is designed to equip both governmental stakeholders and actors in the private sector, notably including women-led micro, small, and medium enterprises (MSMEs), with the essential knowledge and tools to effectively utilize digital technologies for expanding intra-African trade. The necessary financial backing for this comprehensive program is provided by the Government of Japan and the implementation is being carried out collaboratively with key partners, including TradeMark…

Paystack, in collaboration with Xero and powered by Stripe, has launched a significant new integration designed to revolutionize how Small and Medium Enterprises (SMEs) in South Africa handle their financial operations. This strategic alliance merges one of Africa’s leading and most trusted payment gateways with Xero, a world-class platform for small-business accounting, offering entrepreneurs a unified, digital solution to manage invoices, accept payments, and reconcile finances effortlessly. The integration is a direct response to critical challenges faced by many South African SMEs, such as slow cash flow due to late payments, the inefficiency of manual reconciliation, and the complexity of…

The technology ecosystem across the African continent experienced a dramatic and decisive recovery in October 2025, recording a total capital raise of $441.9 million distributed across 59 individual investment deals. This impressive funding total represents a staggering 217 percent month-on-month increase when compared to the $139.4 million recorded during September, strongly suggesting that the period of extremely cautious capital deployment that has affected the market over the last two years may be nearing its end. A comprehensive new analysis, reported by Nairametrics and drawing on data from the research firm Africa: The Big Deal, indicates that this performance stands as…

Born and raised in Bulawayo, Zimbabwe, Timothy Mncube is a significant figure in Southern African business, currently serving as the Chief Executive Officer of both ALW Investments (Pty) Ltd and TeemTeems Trading. These companies have become powerful examples of entrepreneurship and economic impact within the region. Mncube’s ascent from modest origins to achieving considerable business success resonates deeply with a diverse audience, providing a vital source of inspiration for young professionals, budding entrepreneurs, and everyday citizens alike. A Visionary Entrepreneur While Mncube has also established himself as a charismatic political leader heading the Zimbabwe African National Congress (ZANC), it is…

Share The 2025 Sabistation Business Owners Awards provide a rich, multi-layered view of the Nigerian economy. Far from being a mere list of winners, the results reveal a strategic roadmap for growth, highlighting the critical balance between established industrial powerhouses and agile, digital-native disruptors who are redefining value creation in Africa. 1. The Foundation of Resilience: Titans and Legacy Builders The highest honors recognize the essential pillars of the economy. Femi Otedola (Entrepreneur of the Year, Man), is acknowledged for his transformative contributions in the power sector through Geregu Power. Geregu has recently been lauded for its resilience and strategic moves…

Abuja, Nigeria — Guinness Nigeria Plc has significantly strengthened its distribution network across several states in Northern Nigeria, a strategic move following the divestment of its former majority shareholder, British drinks giant Diageo. Girish Sharma, Guinness Nigeria’s Managing Director and Chief Executive Officer, confirmed the successful expansion in an exclusive interview in Abuja, highlighting a renewed focus on market penetration under the company’s new strategic direction. The expansion comes on the heels of the landmark transition in ownership, which saw Diageo complete the sale of its 58.02% controlling stake in Guinness Nigeria to the Singapore-headquartered conglomerate, Tolaram, in late 2024. The sale…

Birmingham, UK — Imaiger, a pioneering artificial intelligence (AI) visual content solution, has been named the Best AI-Powered Visual Content Platform at the Midlands Enterprise Awards 2025. The platform’s recognition is a major win for its Nigerian United Kingdom-based founder, Salam Lawal, highlighting the global impact of African tech entrepreneurship. The annual Midlands Enterprise Awards, hosted by SME News (a subsidiary of AI Global Media), are dedicated to celebrating businesses and individuals driving remarkable growth, innovation, and sustainable practices across the UK’s competitive Midlands region. Melissa Bramall, the awards coordinator, underscored the significance of the winners, noting that their work is fundamentally “altering…