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WeLight raises €27m for Nigeria, DRC mini-grid expansion
WeLight, a solar mini-grid operator active in Madagascar and Mali, has raised €27 million ($31 million) in a combined equity and quasi-equity funding round to finance its entry into Nigeria and the Democratic Republic of Congo, two of sub-Saharan Africa's most under-electrified economies. The round includes...
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WeLight raises €27m for Nigeria, DRC mini-grid expansion
WeLight, a solar mini-grid operator active in Madagascar and Mali, has raised €27 million ($31 million) in a combined equity...
Government Borrowing Climbs N17.39 Trillion as Fiscal Pressures Test Monetary Tightening Efforts
Credit extended to Nigeria's government rose by N17.39 trillion to N78.6 trillion in the 12 months to May 2026, underscoring...
Nigeria’s N1.92tn Manufacturing Credit Crunch: High Rates, Stalled Funds, and a Sector on the Brink
Nigeria's industrial revival is hitting a credit brick wall, as bank lending to the manufacturing sector contracted by N1.92 trillion...
Africa Smartphone Shipments Fall 12% as Memory Crisis Hits Demand
Smartphone shipments across Africa fell 12% year-on-year in Q1 2026, according to Counterpoint Research, as a global memory chip shortage...
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Technology
Africa Smartphone Shipments Fall 12% as Memory Crisis Hits Demand
Smartphone shipments across Africa fell 12% year-on-year in Q1 2026, according to Counterpoint Research,...
