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Africa’s digital transformation has ushered in a new era of innovations and opportunities for ordinary people. Technology is steadily reshaping Africa’s economy, from digital currency and e-learning to Agritech. During the decade of transition, a few countries have stood at the top, each struggling for the title of Africa’s tech hub; Kenya, South Africa and Ghana.

Fortunately, innovations coincided with a vision for change in one particular Industry and an African country. Recently the rise of Nigeria’s gaming industry gave leeway to a sport that serves as a measure of financial freedom for most Nigerian youths; Esports gaming. Play-To-Earn games have taken root in the West African country, paving the way for a new economic activity.

At his inauguration, Nigeria’s new president, Bola Ahmed Tinubu, announced that his administration would do away with the fuel subsidy. The announcement resulted in a spark in prices and long queues in Nigeria as people rushed to buy fuel before the price increase when the policy took effect on July 1.

When the policy to remove Nigeria’s fuel subsidy takes effect, fuel prices in Nigeria are expected to jump from the official pump price of $0.4 to between $0.76 and $1.18. According to the United Nations, Nigeria’s rise in fuel prices will have widespread economic ramifications for over 133 million citizens plagued by multidimensional poverty.

Airlines across Africa are expected to fly into a combined $500 million loss this year. The loss is, however, an…

Several gas finds in East Africa dating decades have suffered long delays from the time they were “found”. Lengthy negotiations…

With tightening monetary policies globally, many African economies are struggling with falling forex reserves. Low reserves have sent governments back…

A steadily rising demand for works from African artists is drawing global audiences at major expos, auctions, and fairs. According…

Kenya’s forex reserves dipped to $6.2 billion on May 19, an eight-year low, before a slight improvement to $6.4 billion…

As we mark Africa Day today, our writer, Ken Mutuku, takes a deep dive into the port industry across the…

Bittersweet consequences. Global chocolate value chains are fueling desertification across West Africa, a new report says.  As chocolate demand soars,…

Global NPL and distressed assets present a promising opportunity for investors looking to diversify their portfolios. A forum at the…