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News
Why do Africans send money home - and how big is the remittance economy?
8+ hour, 2+ min ago (345+ words) Africans abroad send tens of billions of dollars home every year, but these transfers are far more than money for relatives. They have become one of Africa’s largest sources of foreign income, quietly funding homes, education, healthcare and businesses across…...
Somalia warns against WhatsApp username feature, Africa overtakes Asia on UN list, 144 Africans die en route to Spain
2+ day, 22+ hour ago (433+ words) Somalia tells META that new whatsapp feature will aid terrorism, Africa passes Asia on world's hunger list, 144 people die trying to enter Spain from The Gambia, and Bologna burns over a death of Moroccan in police custody. Ten stories from…...
Africa: The New Frontier
1+ week, 1+ day ago (616+ words) For many observers, Africa is rising. For others, the continent’s challenges still seem too daunting to talk about “Africa rising”. Over the next four weeks, The African Exponent will share Africa’s economic state and potential as viewed by Africa’s leading…...
The real investment opportunities in Uganda's oil boom beyond the crude
3+ week, 1+ day ago (494+ words) Uganda's oil investment hit $1.96 billion in 2023 and oil projects now drive most FDI. As first oil nears in 2026, the real returns sit in logistics, insurance and supplier finance, not the crude. Here is where the money flows in the EACOP…...
Senegal launches $50 million Catalyst Fund to bridge early-stage startup funding gap
3+ week, 2+ day ago (683+ words) The African Exponent Senegal launches $50 million Catalyst Fund to bridge early-stage startup funding gap Senegal has launched a $50 million Catalyst DER/FJ Fund to finance pre-seed and seed-stage startups, aiming to close a critical early-stage funding gap. The initiative seeks…...
Morocco Leads Africa's Charge into the Electric Vehicle Era
1+ mon, 2+ week ago (523+ words) Africa is witnessing an important chapter in its industrial development as Morocco emerges as a leader in electric vehicle and battery manufacturing. The North African country is building a comprehensive ecosystem that goes far beyond vehicle assembly and into high-value…...
Top 10 African Countries with the Lowest IMF Credit Outstanding (May 2026)
1+ mon, 3+ week ago (1048+ words) Across African economies, low IMF exposure does not follow a single pattern. In some cases, it reflects fiscal resilience and reduced need for IMF intervention. In others, it reflects structural constraints such as limited market access, narrow export bases, or…...
Bloomberg's 2026 African startups watchlist is out and fintech leads despite a tougher funding climate
1+ mon, 3+ week ago (272+ words) The full Bloomberg 2026 African startups list: 25 companies across 15 countries. Fintech takes the biggest share, but the surprises are in defence tech, telemedicine, and climate. What unites the best of these companies is unglamorous precision. They are building underwriting models in…...
Digital Africa launches €50M seed fund targeting early-stage startups across 20 African markets
1+ mon, 4+ week ago (777+ words) Digital Africa has launched a €50 million seed fund to support early-stage startups across 20 African markets, focusing on regions with lower access to venture capital. Digital Africa has launched a €50 million seed-stage fund aimed at supporting early-stage startups across African markets…...
Top 10 African Countries With the Strongest Innovator-Friendly Operating Environments in 2026
2+ mon, 1+ day ago (1100+ words) Each country's score reflects a weighted composite of these conditions, designed to capture not just ease of doing business, but the real friction investors and operators face when deploying and scaling capital. What emerges is not a simple ranking of…...