trade finance Africa Archives

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial growth.

Feyisayo Ajayi April 7, 2026

Ethiopia teams with Russia’s Rosatom for first nuclear plant, boosting energy security

Business Technology

Ethiopia advances nuclear power plans with Russia partnership

Ethiopia is moving forward with a major plan to modernize its energy sector by signing a strategic roadmap with Russia’s state-owned nuclear company, Rosatom. The agreement marks a pivotal step toward developing the Horn of Africa nation’s first civilian nuclear power plant. Officials see the initiative as a way to diversify electricity supply and reduce dependence on hydropower, which is…

Oluwatosin Alao April 7, 2026

Lowe’s $250 million skilled trades initiative

Business Global News Hot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi April 7, 2026

Canal+ revamps DStv pricing to simplify packages and cut costs for African viewers

Business Technology

Canal+ slams DStv pricing, flags complexity for African viewers

Canal+ is moving to reset how pay-TV works in Africa after taking control of MultiChoice, putting the spotlight on simpler pricing for DStv and a clearer path to attract and keep subscribers. For many households, the issue is straightforward: pay-TV has become harder to understand and, in some cases, harder to afford. Canal+ says DStv’s current structure — with multiple…

Oluwatosin Alao April 7, 2026