economy
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Sterling Bank hosted an industry event, “Co-Creating Financial Solutions for Nigeria’s Tourism, Arts and Creative Economy,” at the Sheraton Hotel in Ikeja, Lagos. The event brought together stakeholders from the financial sector, tourism, arts, and the creative ecosystem to explore how tailored financial infrastructure can foster growth in these areas. C.R.E.A.M. Platform and Financial Inclusion […]
The second edition of a research report examining the state of the African creator economy has been released. Developed in partnership with Technology Media (TM) Global, the report builds upon the 2024 Africa Creator Report and details findings from 2025 research into the structure of the continent’s creator economy. Report Overview The report, titled “The […]
Kenya’s economic outlook for 2026 is projected to be positive, with adaptability to global changes and strengthening trade relationships contributing to momentum. Moderate inflation is anticipated, potentially allowing for interest rate reductions due to a weaker US dollar and lower energy prices. Economic Forecast and Risks Inflationary pressures are expected to be moderate, supported by […]
Africa faces significant challenges due to the increasing frequency of internet shutdowns, impacting democratic governance and economic development. These disruptions are particularly prevalent during politically sensitive periods and are raising concerns among international organizations. UNESCO has expressed alarm over the rising number of government-imposed internet shutdowns, emphasizing that access to the internet is crucial for […]
The CRDB Bank Dubai Representative Office has officially launched at the Dubai International Financial Centre (DIFC), marking the first time a Tanzanian bank has established a presence in a major global financial hub. This development signifies a strengthening of economic relations between Africa and the United Arab Emirates. Launch Event and Key Participants The launch […]
The Kenyan government has reiterated its dedication to youth empowerment, entrepreneurship, and job creation through various initiatives. These programs focus on fostering economic opportunities and developing digital skills within the country. On January 20, 2026, President William Ruto and Deputy President Kithure Kindiki officially launched the NYOTA Project at the Moi International Sports Centre, Kasarani. […]
Nigeria’s digital economy is projected to generate $18.3 billion in revenue by 2026, a significant increase from $5.1 billion in 2019 and nearly $10 billion in 2021. This expansion is driven by a combination of regulatory changes, private sector innovation, expanding connectivity, and dynamic digital policy frameworks. However, despite this growth, challenges remain, including structural […]
A new study details the significant economic impact of digital payments in the United States. Conducted by PwC for the Electronic Transactions Association (ETA), the analysis is the first comprehensive assessment of the value of digital payments across various commerce sectors. The study, utilizing data from 2024, reveals that digital payments contribute substantially to the […]
Africa’s digital economy is anticipated to expand significantly, reaching over USD 700 billion by 2050 from approximately USD 115 billion in 2022. The Digital Assets Summit Africa (DASA) 2026 is planned to contribute to this growth. The two-day summit will take place September 29-30, 2026, at the Kempinski Hotel Gold Coast City in Accra, Ghana. […]
Tether, the issuer of the world’s largest stablecoin (USDT), has announced a partnership with the United Nations Office on Drugs and Crime (UNODC). This collaboration aims to strengthen the digital economy of Africa and aligns with the UN’s “Strategic Vision for Africa 2030.” The initiative seeks to balance the region’s rapid cryptocurrency adoption with robust […]