Sector Focus and Industry Vertical Categories

Lagos launches inaugural Street Art Festival to showcase public murals

Posted on by Newsroom Operations
Lagos launches inaugural Street Art Festival to showcase public murals

Lagos opened its inaugural Street Art Festival titled Legendary Lagos: City of Dreams, introducing a state backed cultural platform designed to transform the urban landscape through large scale public murals and creative installations. The event brings together local and international artists with the primary objective of taking art directly to communities rather than limiting cultural expression to galleries or elite venues. State officials highlight the festival as part of a broader tourism revitalisation programme intended…

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Lagos expands Materials Testing Laboratory mandate to strengthen construction safety

Posted on by Newsroom Operations
Lagos expands Materials Testing Laboratory mandate to strengthen construction safety

Lagos State has announced new measures to enhance construction quality through an expanded mandate for the Lagos State Materials Testing Laboratory. Under the revised framework, all large scale developers must undertake mandatory materials certification before beginning structural works. Regular audits will also be conducted at critical stages of construction. Officials explain that the move responds to public concern over structural failures across the region and aligns with international standards for building integrity. The agency is…

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Digital Payments Surge and the Dawn of Africa’s Cashless Economy

Posted on by Newsroom Operations
Digital Payments Surge and the Dawn of Africa’s Cashless Economy

As Africa accelerates toward a cashless future, digital payments are no longer a fringe convenience — they are rapidly becoming the backbone of commerce, personal finance, and cross‑border trade across the continent. Recent data and industry trends reveal a profound transformation in how Africans transact, access financial services, and participate in the digital economy.   Mobile Money: Africa Leads Globally According to the 2025 “State of the Industry Report on Mobile Money” from GSMA, Africa…

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South African Consumer Confidence Nears 2025 Peaks This Holiday Season

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South African Consumer Confidence Nears 2025 Peaks This Holiday Season

Consumer confidence in South Africa has climbed to its highest level in 2025, as households and businesses prepare for the holiday season amid signs of easing economic pressure, according to a quarterly survey released Tuesday by First National Bank (FNB) and conducted by the Bureau for Economic Research (BER). The FNB / BER Consumer Confidence Index improved to –9 in the fourth quarter, up from –13 in the previous quarter, marking the strongest reading of…

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As Foreign Banks Depart, African Economies Face Urgent Call for Competitiveness Reform

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As Foreign Banks Depart, African Economies Face Urgent Call for Competitiveness Reform

Nairobi, Kenya – African economies are entering what analysts describe as a critical juncture, as a wave of withdrawals by foreign banks prompts an urgent reassessment of competitiveness, regulation and financial sector strategy across the continent. Recent years have seen a growing exodus of major global banking institutions from Africa. European and UK-based banks that for decades operated in multiple African markets are now scaling down or completely exiting. According to latest reports, Africa’s overall…

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