Author: The Exchange

Binance Junior allows parents to open and manage crypto savings accounts on behalf of their children, enabling young users to save and earn crypto in the account through Binance Flexible Simple Earn Binance Junior users aged 13 and above can initiate transfers on their app, with a higher age criteria where required by local regulations, and with daily limits applied. Trading is not permitted and transfers to non-parental adult users are also restricted. Trading is not permitted and transfers to non-parental adult users are also restricted. Parents will be notified of every transaction from their Junior account and have the…

Viktoria Ventures, a leading pan-African angel investing and early-stage startup support organization, has been awarded the prestigious “Angel Network of the Year 2025” at the Africa Early-Stage Investor Summit (AESIS). This milestone reflects years of building and professionalizing Africa’s angel investing ecosystem, creating the structures, community, and investor capacity required to scale African innovation. Viktoria Ventures continues to expand its continental footprint as a leading angel development platform. To date, the organization has trained 797 angel investors, reaching investors from 38 African countries. Viktoria Ventures, a leading pan-African angel investing and early-stage startup support organization, has been awarded the prestigious…

With roughly 80% of economic losses from natural disasters going uninsured in 2022, up from 58% in 2021, the continent faces unique needs in cover that FSD Africa seeks to close. So far, the BimaLab Accelerator Programme has supported 135 startups across 28 African countries. New Regulatory Sandbox Eligibility Assessment Toolkit also unveiled. FSD Africa has stirred the insurance innovation space with the roll out of a new $25 – 30 million Inclusive Insurtech Investment Fund (3iF), setting the stage for players from the private sector keen on developing insurance technology to accelerate innovation projects in order to close the…

AfDB funding plan tailored to boost reforms in Nigeria’s engineering sector, help lower energy poverty, enhance electricity access in homes and businesses, while also attracting private investment in the segment. Plan is also wired to deepen fiscal policy reforms by firming up the country’s public financial management systems. Funding targets initiatives that encourage climate change adaptation and mitigation, including the introduction of energy-efficiency standards for electrical appliances. Africa’s largest economy Nigeria has secured a $500 million loan from the African Development Bank (AfDB) to finance energy transition as well as deploy measures that enhance economic governance. In an update on…

Kalahari Cement has signed a share purchase agreement (SPA) to acquire an additional 27% equity stake in East African Portland Cement (EAPC), one of Kenya’s main players in the cement production business. The deal valued at $12.3 million will see the Amsons Group subsidiary purchase additional 24,300,000 ordinary shares from the National Security Fund (NSSF), turning into a majority shareholder. However, the Amsons Group subsidiary noted that it has no plans of a full takeover push for the Athi River-based company. The push by Tanzania-based conglomerate Amsons Group to secure a firm control in the regions cement business has intensified…

The AfDB-backed fibre-optic cable project estimated at $50 million (€43 million) covers five key routes in the country: Arlit-Assamaka to the Algerian border; Diffa to N’Guigmi and the Chad border; Zinder to Magaria and the Nigerian border; Niamey to Dosso, Gaya and the Benin border; and Niamey to Makalondi and the Burkina Faso border. In addition to these five sections, an 88-km urban local loop will connect the main administrative sites to the future national data centre. Niger has taken a major step forward in improving the country’s broadband connectivity and regional digital integration by completing provisional acceptance of the…

Africa’s gas export potential will be a key agenda at a high-level ministerial panel at the Invest in African Energy 2026 Forum in Paris that seeks to evaluate how the continent’s latent gas sector can reshape global energy geopolitics and attract sustainable investment, as Europe accelerates its exit from Russian gas. In October, EU countries agreed to phase out their remaining Russian gas imports, with the current contracts benefiting from a transition period: short-term agreements can continue until June 2026, while long-term contracts will run until January 2028. In the wake of seismic shifts in the European energy market, the…

Somalia’s blue economy is set to benefit from a 18-month programme, supported by Hormuud Telecom and Salaam Somali Bank, with funding of $820,000, will deliver initiatives designed to expand employment, strengthen small businesses and the business environment, as well as promote green and digital innovation. The partnership supports Somalia’s wider shift toward locally led development and private-sector growth. With one of the youngest populations in the world, creating jobs is critical to the country’s stability and long-term recovery. The Hormuud Salaam Foundation (HSF) and the United Nations Development Programme (UNDP) have launched a new partnership to tackle youth unemployment and…

In a first of its kind forum between AfDB and African stock exchanges, experts aim to explore the role of markets in long-term financing, with a focus on reforming how Africa’s capital is mobilized. AfDB says stock exchanges in Africa will be a crucial lever for financing African economies. Through engagement with fund managers, institutional investors, DFIs, and regulators, AfDB seeks to forge a path for financial institutions to mobilize additional financing for Africa. The African Development Bank Group (AfDB) is undertaking a round of high-level series of engagements with African development finance institutions and private sector financial partners to…

“We need more UN boots on the ground,” says UN Emergency Relief Coordinator Tom Fletcher.  UN says it expects protection for civilians and accountability and safe passages for civilians and aid convoys accessing people in need of aid in Sudan’s El Fasher. El Fasher was captured by the RSF last month after more than 500 days of siege, leading to the displacement of some 90,000 people since the end of October.  The United Nation’s (UN) relief chief Tom Fletcher held “useful” and “tough” discussions with the two sides battling for control of Sudan this week, seeking unfettered access to supply aid…