The evolution of road networks in Africa highlights the technologies, infrastructures, and networks that have facilitated the circulation and exchange of people, goods, and ideas within local communities, regions, and systems of long-distance and intra-regional trade.

Growing private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley & Partners Africa Wealth Report. Collectively, these urban centres are home to 135,200 millionaires, 342 centi-millionaires with fortunes exceeding US$100 million, and 21 billionaires. With the number of high-net-worth individuals projected to jump by 65% over the next decade, these cities are not only expanding economically but are also setting the stage for a new era of prosperity and influence. bird TenX lists the top ten cities and regions for private wealth in Africa:

Mauritius, Namibia, Morocco, Zambia, Kenya, Uganda and Rwanda will lead gains with Africa expected to grow its new millionaire tally by 65%.

Get ready, Zimbabwe! Online payments are set to return as banks adapt to the country's latest currency shift. Find out how this change will impact your digital transactions! 💳

Mozambique doubles down on growth with Africa's first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback.

Mozambique doubles down on growth with Africa's first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback.

From ranking as the world’s worst-performing currencies in 2023, the Kenyan shilling and Nigerian naira have made significant progress. They are now among the best-performing currencies in the world for 2024, raising hopes for a lower cost of living in these countries.

Faster internet speeds arrive in Somalia as Mogadishu seeks enhanced connectivity.

Uganda's annual inflation rate for March 2024 dips to 3.3%, staying under the Bank of Uganda's target, signaling stability in the economy. 📉💰

A report by the World Cities Forum underscores the vast economic opportunities in African cities offered by tapping into their cultural wealth and harnessing youth innovation and creativity.

Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.

Most African economies are driven by young populations, fast-growing tech adoption and mineral reserves, while the largest contribution to the top economies mentioned here comes from the services and industry sectors.

With Namibia's oil and natural gas exploration program delivering windfall results, the pressure to use this abundance to drive growth and advance its renewable energy sector is huge.

Africa is becoming a crucial player in India's ambitious quest for global economic dominance. Through strong trade investments, expanding diplomatic relations, and strategic military partnerships, India is making significant investments in the continent as part of its broader global economic strategy.

South Africa is to transition its rail network towards a more open and competitive model, allowing private train operators access to its extensive rail infrastructure.

Despite economic challenges fueled by hyperinflation and sanctions, Zimbabwean startups are resilient and forging ahead. Learn how they navigate funding constraints, access markets beyond borders, and embrace alternative financial technologies.

Opening doors for private investors has spurred a rise in investments in Ethiopia's key sectors, allowing the country to maintain higher economic growth rates than its African and global peers and elevating its global reputation.

African nations escalated horticultural exports last year as they sought to tackle global supply shortages and diversify their exports.

In a bid to attract investors interested in tapping into Africa’s extensive green hydrogen potential, African countries are leveraging special economic zones to grow the sector.

Major gains for African crypto investors as demand for Bitcoin propels the token back to record highs.

The continent's air traffic is rising faster than most other regions in the world, thanks to a combination of factors including the opening of new routes and a transition to wide-body planes.

Nigeria intensifies its crypto crackdown, imposing a staggering $10 billion fine on global cryptocurrency exchange Binance. This move follows the recent arrest of two Binance executives and the central bank governor's concerns over $26 billion in transactions with unidentified sources. The regulatory pressure signals a challenging landscape for crypto platforms in Nigeria. 💼🔍

MTN Nigeria, a telecom giant, experiences its first annual loss in three years, amounting to ₦137 billion in 2023. The impact of Naira devaluation and increased business costs, notably tower lease expenses linked to the US dollar, played a significant role in the financial downturn. Despite challenges, the company eyes expansion in non-core services, emphasizing 4G and 5G growth, while engaging with regulators to resolve disputes.

💡 Dive into the financial turbulence in Nigeria as Binance, the crypto giant, faces regulatory heat! The Central Bank Governor reveals startling figures of $26 billion processed by Binance Nigeria in 2023, prompting a crackdown on crypto activities. Explore the unfolding dynamics, regulatory actions, and the heightened interest rate strategies in Nigeria's financial landscape.

Eleven African nations topped global forecasts for economic growth in 2024, with the continent signaling a potential return to faster growth.