Forbes Africa

Forbes Africa serves as the insightful commentator on business matters across the continent. The magazine guides its readers in making connections, identifying trends, and gaining deeper insights, offering them a fresh viewpoint. By examining both global and local topics through an African lens, it presents compelling, well-researched stories that captivate and inform its audience.

International, Trade/B2B

English

Magazine

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Global

#501326

Nigeria

#15825

Articles

African Investors Lead In Venture Capital For The First Time In Modern History, Says New Report

1 week ago | forbesafrica.com | Oluwatomisin Amokeoja

TheVenture Capital in Africa Report suggests theAfrican market is increasingly funding itself—out of necessity, but also out of confidence. West Africa retained its status as the continent’s most active region.
Exemption Of Economic Lifeline Offers Africa’s Largest Oil Producer Some Breathing Room Amid Tariffs War

1 week ago | forbesafrica.com | Oluwatomisin Amokeoja

As Washington recalibrates its trade policy in a high-stakes global game, Abuja may be forced to re-evaluate its own trade approach and position in the international economy. Nigeria will face a reduced blanket United States (U.S.) tariff of 10% until July, but its main export—oil and gas—remains unaffected, cushioning the immediate economic impact.
Sub-Saharan Africa Dominates Global Mobile Money Landscape With 1.1 Billion Accounts, New Report Finds

2 weeks ago | forbesafrica.com | Oluwatomisin Amokeoja

According to the newly-released State of the Industry Report on Mobile Money (SOTIR) 2025 by GSMA, a global organization unifying the mobile ecosystem, sub-Saharan Africa (SSA) recorded 1.1 billion of the 2 billion mobile money accounts registered globally as of 2024. The report underlines how mobile money has become a core component of economic life in the region.
Pioneer Of Electronic Transfers And Cellular Revolution In Nigeria Dies At 85

2 weeks ago | forbesafrica.com | Oluwatomisin Amokeoja

The Nigerian business tycoon, who built an empire with just £100 in the bank, leaves behind an influence embedded in every digital transaction and every mobile call across a continent on the rise. Pascal Gabriel Dozie, one of Nigeria’s most visionary business figures who pioneered electronic money transfers and helped usher the West African nation into the mobile telecom era, died on Tuesday, a day before his 86th birthday.
Nigeria's Billionaire Class: Homegrown Titans Redefining Wealth In 2025

2 weeks ago | forbesafrica.com | Oluwatomisin Amokeoja

In an era where global markets often dictate local fortunes, Nigeria’s ultra-wealthy have built empires rooted in the country’s soil, forging industries that not only create wealth but also provide critical homegrown solutions to the country’s most pressing challenges. Nigeria’s billionaires are rewriting the rules of business in Africa. In an economy battered by currency swings, regulatory shakeups, and infrastructure gaps, Nigeria’s billionaire class is not just surviving—they are thriving.
Nigeria's Appetite For U.S. Wines Grows To $7.8 Million In One Year

2 weeks ago | forbesafrica.com | Oluwatomisin Amokeoja

With Nigeria’s elite increasingly looking to U.S. wines, the country’s role in the global wine industry is undergoing a transformation. Nigeria has emerged as the largest African market for U.S. wines, with exports reaching $7.8 million in 2024—a 65% increase from the previous year. Acting U.S. Consul General JoEllen Gorg disclosed this at a Lagos event marking the start of the 2025 Africa tasting tour.
South Africa’s Artists Doubled Their Earnings, Report Reveals

3 weeks ago | forbesafrica.com | Chanel Retief

South Africa’s music industry is entering a new era of change and transformation. The country’s local artists doubled their earnings since 2022 by generating R400 million ($21.24 million) in royalties last year. According to music streaming service Spotify’s 2025 Loud & Clear transparency report, the “financial milestone” comes alongside explosive audience growth, with South African artists being discovered by first-time listeners over 1.1 billion times–a 55% increase since 2023.
Historic Vaccine Milestone In Uganda’s Fight Against Malaria

3 weeks ago | forbesafrica.com | Chanel Retief

Uganda has become the 19th country in Africa to introduce the malaria vaccine into routine immunization. “Today marks a historic turning point in Uganda’s fight against malaria. By integrating the malaria vaccine into routine immunization, Uganda is taking a bold step to protect its children, save lives, and secure a healthier future.
Africa’s Largest Crypto Market Finally Legalizes Virtual Assets After Complex History

3 weeks ago | forbesafrica.com | Oluwatomisin Amokeoja

A new law signals Nigeria’s intent to position itself as a digital finance leader on the continent. For the first time, virtual assets and investment contracts are formally recognized as securities in Nigeria, following the Investment and Securities Act (ISA) 2024 signed into law by its President Bola Tinubu. This new legislation comes after years of regulatory uncertainty and tension between the Nigerian government and the burgeoning crypto community.
Namibia Enters a New Female-Led Political Era

4 weeks ago | forbesafrica.com | Chanel Retief

Last week, the country made history by becoming the only African nation with a female President and Vice President. The government also had 14 ministers sworn in on Friday, eight of which are women. On Friday, Netumbo Nandi-Ndaitwah was sworn in as Namibia’s new President, becoming the country’s fifth.