#Africa

Nigeria is advocating for a cross-border payment system that eliminates the need for third-party currencies, according to Techpoint Africa. The discussion includes the recent approval of Yellow Card in Switzerland and Daya's successful fundraising of $2.4 million aimed at developing stablecoin payment infrastructure.

African nations are increasingly adopting Nigeria's local content blueprint, with the Nigerian Content Development and Monitoring Board (NCDMB) being recognized as the sole agency responsible for local content in the country. This shift reflects a broader trend of evolving from policy frameworks to institutional practices in local content development across the continent.

The Federal University Lokoja has launched the Centre of Translational Humanities, marking it as the first initiative of its kind in Africa. This center aims to transform humanities research into practical applications for industry, governance, and community development, according to Tribune Online.

Senior policymakers and tax experts are gathering in South Africa this week to discuss the future of international tax policy, with a focus on Africa's increasing role in global tax reform. The discussions are part of the UN Tax Convention talks, which aim to address key issues in international taxation.

According to PwC, family-owned businesses in Africa have shown greater resilience than those globally, with 66% reporting sales growth in the past year despite facing inflation, tax challenges, and economic uncertainty. This performance highlights the strength of African family businesses in a challenging economic environment.

d.light has achieved a cumulative purchasing capacity of Sh130 billion following the closure of a Sh6.5 billion public Green Bond by African Frontier Capital. This marks a significant milestone as it is the first instance where the off-grid solar sector has utilized public bond markets through a PAYGo receivables securitization structure. The bond is set to be listed on the London Stock Exchange’s International Securities Market.

The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has proposed the establishment of a unified African cocoa producers' bloc and a minimum floor price of $6,000 per metric tonne. This initiative aims to enhance production coordination and strengthen the bargaining power of farmers across Africa, addressing concerns over foreign control in the industry.

According to the PwC Africa Family Business Survey 2025, family businesses in Africa are experiencing strong growth and resilience despite facing economic uncertainty, regulatory changes, and geopolitical pressures. The survey included 79 family businesses from East, West, and Southern Africa, revealing that 66 percent of the respondents achieved single-digit growth.

According to The Citizen, Africa may experience economic impacts from El Nino, particularly in agriculture, which is a vital sector for many countries. The phenomenon could lead to reduced harvests and increased food prices, affecting consumers financially.

Festus Keyamo, the Minister of Aviation and Aerospace Development, stated that the Nigeria–East-Southern Africa Air Cargo route will enhance air connectivity and unlock Africa's trade potential. This initiative aims to improve trade across the continent by facilitating better logistics and transportation options.

President Bola Tinubu emphasized the need for a united African strategy to develop the continent's solid mineral resources during a speech in Abuja. He urged African nations to shift focus from exporting raw materials to enhancing value addition, industrialization, and regional collaboration, according to Vanguard.

The 6th Africa Digital Health Summit has brought together leaders, innovators, policymakers, and development partners to discuss the importance of digital transformation in health systems. According to the summit, the focus is on creating resilient and equitable health systems rather than just on technology itself, which is seen as an enabler. There is a global trend of increasing investments in digital health.

Dr. Maureen Okam Achebe is a prominent haematologist, researcher, and educator recognized for her contributions to sickle cell disease care, iron deficiency treatment, and health equity on a global scale. Her work is influencing advancements in these areas across Africa and beyond.

The World Bank and the African Development Bank (AfDB) have successfully connected over 50 million people to electricity through their Mission 300 initiative, which spans 40 African countries. This effort aims to accelerate electricity access across the continent.

According to Punch, several African nations are examining Nigeria's local content model, which is spearheaded by the Nigerian Content Development and Monitoring Board (NCDMB). This initiative aims to help these countries create their own frameworks and enhance local capacity in various sectors.

President Tinubu has called for an end to the exploitation of African resources, emphasizing the need for industrialization and value addition as strategies to combat poverty and secure the continent's future. He advocates for a shift in focus from exporting raw materials to developing local industries that can enhance economic growth.

The 2026 STEM Africa Fest, now in its sixth edition, aims to promote technology skills and digital innovation focused on Science, Technology, Engineering, and Mathematics (STEM).

The World Health Organisation (WHO) has issued new warnings regarding the resurgence of yellow fever outbreaks in Africa and the Americas. This troubling trend highlights the ongoing public health challenges posed by the disease in these regions.

The Federal Government of Nigeria has emphasized the importance for African nations to enhance domestic revenue generation and decrease reliance on foreign aid. This stance was presented by Finance Minister Taiwo Oyedele, who stated that sustainable development cannot be achieved solely through external assistance. The remarks were made during a recent address to African leaders.

Amazon Web Services (AWS) has chosen three Nigerian social enterprises to participate in its fourth cohort of the Social Entrepreneur Accelerator Programme, out of nine selected from Africa. This selection highlights Africa's significant representation in the global initiative, with other participating countries including Kenya, Ghana, South Africa, Cameroon, and Tanzania. The total cohort consists of 42 organizations.