The Abia State Government and Sport Nigeria Ltd/Gte have signed a technical agreement to establish Africa's first-ever Sports Special Economic Zone. This initiative aims to promote sports development and create jobs.
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🌍 Overview of the Informal Sector in Africa The informal sector refers to economic activities that are not regulated or protected by the state. According to the ILO, over 85% of total employment in Africa is informal. This includes street vendors, artisans, small-scale farmers, transport workers, domestic help, and unregistered entrepreneurs. 🇳🇬 Nigeria's Informal...
Nigeria's e-payment transactions have reached N1.07 quadrillion, highlighting the growth of digital payments in the country. The surge in e-payment transactions is driven by the increasing adoption of digital payment platforms and the growing demand for convenient and secure payment solutions.
The Nigerian government aims to achieve N2.3 trillion yearly revenue from agriculture, highlighting the sector's potential for economic growth.
Africa's startup ecosystem is thriving, with significant investments in AI, fintech, and agritech. Women-led tech startups are driving innovation, and the continent is witnessing a surge in entrepreneurial activity. The growth of the startup ecosystem is expected to create new opportunities for economic development and job creation.
The Confederation of African Football (CAF) is set to announce the host nation for the 2025 Africa Cup of Nations (AFCON) in December, with Morocco and Nigeria emerging as the top contenders. Both countries have submitted compelling bids, promising state-of-the-art, eco-friendly stadiums and innovative AI-driven fan experiences. Morocco, known for its successful hosting of the 2018 African...