African fashion has been at the center of cultural expression within the continent and its diaspora, but has also evolved into a massive business that oozes identity. Renowned Nigerian American fashion designer Busayo Olupona had a vision to create a contemporary fashion brand that would celebrate the Nigerian diaspora which has now grown into the […]
Read more »Via Semafor, an article on American Express’ interest in Africa: Card payments provider American Express rolled out four new credit cards in Nigeria this week, in its push to become a dominant player in Africa’s fledgling credit market. The cards, which are dollar-denominated and target both individuals and businesses, are produced with O3 Capital, a […]
Read more »Via The Economist, a report on Nigeria’s oil industry: A chief economist at Shell once described Nigeria as the “jewel in the crown” of the oil major’s empire. Yet in recent years the jewel has lost its lustre. Early this year Shell, which has been pumping oil in Nigeria for nearly seven decades, agreed to […]
Read more »Via The Africa Report, a look at a US-led partnership to develop the Atlantic coast taking root in Africa: A US initiative launched by Secretary of State Antony Blinken to build closer North-South ties between Atlantic littoral nations is starting to take root in Africa. African states account for almost exactly half of the 38 […]
Read more »Via Bloomberg, a look at how an abrupt decision in November to end fuel subsidies both jump-started a solar future and made electricity more expensive in Africa’s biggest city: Generators are everywhere in Lagos, used by almost everyone in the Nigerian megacity to counteract crippling power outages. Those living in upscale gated communities or working […]
Read more »Via Al Monitor, an article recent agreements between Saudi Arabia and multiple African countries: Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa. The Saudi Fund for Development plans to sign agreements worth some 2 billion riyals ($533 million) with African […]
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