African markets and business updates

The Nigerian army said Sunday it freed 360 people abducted by Boko Haram in southern Borno, in the northeastern part of the country.

In partnership with Lire en Français اقرأ هذا باللغة العربية Welcome to another week. Stablecoins are becoming an important financial infrastructure for African fintechs. In today’s edition, we talk about why businesses are adopting them, Lesotho’s new deal, and Mr Price’s investments in tech and Europe. Let’s dive in. Get smarter about Francophone Africa with our newsletter, Francophone Weekly—the startups, tech policies, and institutions building the pipelines for ecosystem growth.…

Cascador, an Africa-focused platform for growth-stage founders building businesses with social impact, has deployed over US$5 million into seven innovative startups at its second annual pitch day. Disrupt Africa reported last March that Cascador had announced the launch of its Catalytic Fund, a US$2 million annual initiative providing tailored financial support to Cascador alumni companies. [...]

The Japan Transport and Tourism Research Institute (JTTRI) has signed two memoranda of understanding in India to strengthen maritime research cooperation. The agreements were signed with the Indian Ports Association (IPA) and the Centre for Maritime Economy and Connectivity (CMEC). Both agreements cover research cooperation and joint projects over the next five years. JTTRI signed the MoUs last Friday as part of efforts to expand cooperation across South Asia.…

Nigeria’s commitment towards the rebirth of coffee through the Nigeria Coffee Revival Initiative (NCRI) will ensure the expansion of the Nigeria export portfolio, employment opportunities for youth and women, increase foreign exchange earnings, deepen rural prosperity and support farmers income

Nigeria has been projected to experience largest increase in food insecurity globally this year with 4.1 million more people to face acute hunger. This is expected to happen between June and August. The projection contained in the 2026 Global Report

Virunga’s park rangers are tasked with fighting off Isis-affiliated militants and preventing spread of a deadly disease

Payaza Africa Limited, a leading payments infrastructure company, has earned strong credit ratings from four major rating agencies, reinforcing its growing reputation as a resilient and credible player in Africa’s financial services ecosystem. The payment company recorded upgrades across the

After over three years of resilience, equities may be giving in to rising insecurity as they shed N4.915 trillion last week alone. As the rising tensions dominate public discussion, investors urged the Federal Government to take urgent steps to curb

As Nigeria’s insurance industry approaches the final phase of recapitalisation, experts have shifted attention from capital adequacy, warning that insurance’s long-term success would depend on its ability to innovate, improve efficiency and expand market reach. The warning comes as insurance