The export restriction by India – the world’s second-largest producer on its rice has significantly affected the global market, and Nigeria is one of the countries bearing the brunt most. Today, our focus shifts to the latest release of the Food Security report by the World Bank. In comparison to the previous edition, the agricultural price index remained steady month-over-month (m/m), while the export price index showed a positive increase of +5% m/m. Conversely, cereal prices experienced a decline of -5% m/m. As in past reports, the Bank underscored the prevalence of rising domestic f ..read more

  ● Roam has today launched their first physical shop in collaboration with Ridewell, an electric mobility retailer based in Nairobi. ● This is Narobi’s premier electric motorcycle showroom featuring the Roam Air, a range of after-sales parts, accessories, and gear tailored for electric motorcycle riders. ● The new flagship store, located directly opposite the Safari Park Hotel along the Thika Super Highway, will open its doors to the public on the 22nd of March 2024. Kenyan-based electric mobility pioneer, Roam, is proud to announce the highly anticipated grand opening of the Roam Shop.T ..read more

  The Chairman of Innoson Vehicle Manufacturing Company Limited in a recent interview has accused Nigerian banks of refusing to finance local manufacturing companies in the country.   Within the last two decades, Chief Innocent Chukwuma CON, Founder and Chairman of Innoson Vehicle Manufacturing Company Limited, has made a name for himself as the face of indigenous vehicle manufacturing in Nigeria. The inception of Innoson Vehicles was not a sudden occurrence; it did not materialize through deceitful or dubious means. Rather, it commenced as a deliberate process, a journey marked by d ..read more

  The rate of global money laundering is reaching frightening heights daily, and agencies like the Financial Action Task Force (FATF) are doing what they can to curb the spread and its effect on the world.   Money laundering and the funding of terrorism are significant global issues that affect numerous countries, including those in Africa. These illicit activities not only undermine financial systems but also pose grave threats to national security and stability. In recent times, there has been a growing recognition of the severity of money laundering and terrorism financing, leadin ..read more

  Obong Idiong has been appointed as the Chief Executive Officer of Heirs Technologies, a leading company specializing in digital transformation. Who really is Obong Idiong?   In the next couple of months, the spotlight will be on the new CEO of Heirs Technologies, as critics will try to measure the impacts of the young professional who has been saddled with the responsibilities of taking a front seat in one of Africa’s biggest conglomerates. Prior to joining Heirs Technologies, Obong Idiong, a seasoned professional with a wealth of experience in the technology sector, held the posit ..read more

Following the Death of Dr. Herbert Wigwe, Access Holdings Re-Appoints Mr. Aigboje Aig-Imoukhuede as New Non-Executive Chairman, to guide the Group towards continued prosperity.   In the last few weeks, global attention has shifted towards Access Holding – the parent company of Access Bank PLC, following the sad demise of its CEO, Dr. Herbert Wigwe. Like many other visionary leaders, the death of Dr. Wigwe sent shockwaves across the company’s hierarchy, especially as there appeared to be no concrete succession plan in place – one that some critics argue exposes a lacuna in the operational ..read more

    Entrepreneurship in Africa stands on the precipice of profound transformation as 2023 concludes, offering both opportunities and challenges that investors and entrepreneurs alike should recognize as opportunities. This article serves as a roadmap for investors and entrepreneurs looking to make an impactful mark in Africa by exploring its dynamic business ecosystem, partnerships, impact investing potential, human capital development strategies, and keys for successfully scaling operations – among many other considerations. As time unfolds, the dos and don’ts of entrepreneurship in ..read more

    South Africa still dominates the annual Brand Finance top 200 brands ranking, with a whopping 75% of total brand value (US$40.8 billion) and 106 of the 200 brands ranked. Nigeria has 31 brands ranked, Egypt has 19, Kenya has 12 and Morocco has 12. MTN is still the most valuable brand in Africa – for the fourth year running. It has a value of US$4.4 billion, up 8% from 2022 and a staggering 31% from its pre-pandemic value. In second place is Vodacom, which increased its value by 16% from 2022 to US$2.3 billion. Standard Bank is ranked third (US$1,748 million), First National Bank ..read more

  Roam has today announced the launch of the Made in Kenya, fully electric, Roam Move shuttle bus, setting the tone for the electric revolution happening in Africa right now. ROAM, an innovative Kenyan electric vehicle (EV) enterprise, has unveiled its latest creation, the Move—an all-electric shuttle bus that stands as a groundbreaking achievement in Kenya’s automotive industry. The Move is a marvel of eco-friendliness, designed to offer urban and rural communities a comfortable and efficient transportation solution with zero emissions. Powering its eco-conscious journey is a formidable ..read more

Zandre Campos is the CEO of ABO Capital, an international investment firm with headquarters in Angola and offices in Dubai and the United States. A leading global voice and expert on Africa, he is a recipient of the Distinguished Business Excellence Award by African Leadership Magazine and the Africa Award by CEO Magazine. In this exclusive interview with Exclusive Africa’s editor, Wale Ameen, he shares his thoughts on sundry issues bordering on Africa’s entrepreneurial landscape, the budding opportunities in emerging markets like Angola, and the role of investors. EA: What trends can we expec ..read more