World Bank has released its January 2025 Global Economic Prospects report and have provided a forecast to Nigeria's expected GDP growth projections for the year.

The European Union (EU) Commission has allocated €510 million to Nigeria and other countries in sub-Saharan Africa.

The commission stated that the EU has budgeted €1.9 billion for humanitarian assistance to vulnerable populations worldwide.

Sub-Saharan African countries should be given more financial and technical support to cope with climate change disasters, so that they can continue to spend funds on economic development.

Most of the population growth expected over the rest of the 21st century is expected to take place in Africa. These new generations are already leaving their mark. Political parties that trace their roots to the independence struggles of the 20th century are losing support from a generation of better educated and digitally connected Africans.

South Africa will take time to show major improvement even as power cuts ease, while Nigeria is expected to continue with efforts to establish a better-functioning foreign-exchange market. Average economic growth in sub-Saharan Africa is likely to be ...

Analysis - When the Nigerian Air Force celebrated its 60th anniversary in May 2024, its spokesperson declared it was set to become the third largest air force in Africa within the next two years. This is based on the massive procurement and delivery of air assets and the capacity building programme of the force in recent years.

In the wake of Nubank's investment in the South African fintech Tyme, it's time to re-examine the growth of mobile money on the African continent.

New platform aims to expand energy access in sub-Saharan Africa with cutting-edge renewable and storage solutions.

PowerGen Renewable Energy (PowerGen) has partnered with leading international investors to establish a scalable, distributed renewable energy platform targeting the deployment of 120 MW of renewable power, including battery energy storage solutions across Africa.

The European Union has announced an initial humanitarian assistance package of €1.9bn for 2025, with €510m earmarked for Nigeria and other countries in sub-Saharan Africa.

Turn into Tatu City on the outskirts of Kenya's capital, Nairobi, and it feels like entering a different world.