Lagos State secured approximately 245 billion naira through two oversubscribed debt instruments, establishing records for sub-national financing in Nigeria. The western state issued a 230 billion naira conventional bond that attracted bids exceeding 310 billion naira, alongside Africa's first sub-national green bond worth nearly 15 billion naira that drew double its target amount. Governor Babajide Sanwo-Olu described the transactions as a validation of the administration's environmental commitments and fiscal management.
Proceeds will finance infrastructure upgrades across transportation, healthcare, education, and housing sectors, with plans for highway expansion, a 280-bed hospital, solar installations at schools, and affordable...
Apple has dismissed several dozen workers from its sales division as part of an effort to streamline how it distributes products to corporate clients, educational institutions, and government buyers. The cuts affected account managers handling major customers and personnel at customer briefing facilities, with affected workers given until mid-January to secure alternate positions internally or face termination with severance.
The iPhone maker appears to be redirecting more sales responsibilities toward external retail partners to reduce operational expenses. This represents another targeted workforce adjustment for the company, which eliminated roughly 700 positions when it abandoned its electric vehicle initiative last year and...
Morocco's designated minister for digital transformation and administrative reform received Philippine officials at ministry facilities in Rabat to advance e-governance partnerships and information exchange between the nations. Amal Al-Falah Al-Sagroshny outlined the Digital Morocco 2030 strategic framework and artificial intelligence progress through Jazari Centres of Excellence while emphasizing data-driven citizen services.
Philippine Secretary of State for Electronic Management David Almerol described his government's unified resource model for accelerating digital public administration. Both delegations committed to strengthening technical cooperation, consolidating digital sovereignty, and centering transformation initiatives on...
Continental health ministers endorsed the Smart Africa Digital Health Blueprint at a summit in Guinea, establishing standards for patient data portability among 42 member nations and addressing mortality disparities linked to disconnected medical systems. Life expectancy across the region averages 64 years against a worldwide figure of 72, while infant deaths reach 47 per thousand births and annual spending per capita sits at $79 compared with global expenditures exceeding $1,000.
The framework mandates unique patient identifiers, professional registries, and gateway infrastructure enabling semantic exchange of clinical records with citizen consent controls. Implementation oversight falls to the newly formed Smart Africa Digital Health...
Gabon's digital economy ministry assembled officials to assess electronic visa infrastructure, national identity systems and domestic supplier preferences during a session attended by mobile money representatives from Airtel, Moov and Clikpay. The government plans to activate online payment functions for visa applications next month through a partnership with MaDigiPaie, completing the transition to fully automated processing.
Interior ministry technicians will finalize specifications for the digital identity program during upcoming consultations. Authorities stressed adherence to national preference protocols that favor local expertise and technological autonomy, reflecting directives from President Brice Clotaire Oligui Nguema...
Orange Maroc opened its largest African data facility during a ceremony attended by Nouaceur Province Governor Jalal Benhayoun and representatives from government and business sectors. The infrastructure offers 1.5 megawatts of initial capacity, certified by the UPTIME Institute, while targeting cloud computing, hosting operations, and cybersecurity applications aligned with Morocco's digital sovereignty objectives.
More than a thousand solar panels supply renewable energy to the installation, reducing carbon emissions from daily operations. Orange Maroc positions the center as essential infrastructure supporting the Maroc Digital 2030 initiative and broader economic development frameworks, which require secure, scalable platforms for...
Naspers and subsidiary Prosus confirmed robust earnings momentum spanning Latin America, Europe, India and South Africa while projecting full-year adjusted earnings before interest, taxes, depreciation and amortization exceeding $1.1 billion. The conglomerate achieved profitability across all operating divisions through disciplined capital deployment and synergy capture, with recent acquisitions Just Eat Takeaway.com and La Centrale positioned to unlock approximately $2 billion in portfolio value.
Brazilian food delivery platform iFood posted 32 percent revenue gains alongside 57 percent adjusted EBITDA expansion, while European classified marketplace OLX registered 22 percent top-line growth. Indian payments provider PayU reached...
South Africa's Business 20 digital transformation committee has established a 1.7 billion rand investment vehicle to finance technology startups addressing the continent's connectivity gaps. The initiative blends concessional funding from development banks and philanthropic sources with private capital to reduce risk for early ventures.
Priority areas span connectivity infrastructure, digital education platforms, health technology solutions, fintech services for populations without banking access, and agricultural technology innovations. Backed entrepreneurs will gain entry to regulatory networks and distribution channels through Business 20 and Group of 20 partnerships.
Applications remain closed while organizers finalize governance...
Safaricom Telecommunications Ethiopia has elevated Ermias Eshetu to chair its advisory board after he joined the panel earlier this year as the first Ethiopian member. The move advances the mobile operator's strategy to install nationals in top decision-making positions while reinforcing commitments to regional leadership and sustained economic participation.
Eshetu brings more than two decades of institutional transformation experience across African and European markets, having previously led the Ethiopia Commodity Exchange as chief executive and helped establish the country's first nationwide electronic trading infrastructure. His background spans banking sector governance through founding roles at Zemen Bank and directing capital...
