Africa's richest man and President of Dangote Group, Alhaji Aliko Dangote, has been crowned the 2024 African Business Icon of the Year by Champion Newspapers.The award was received on his behalf by Tunde Oladipo, Group Branding Lead of Dangote Industr… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Dangote named African business icon of the Year By Busola Bamidele on June 11, 2025 Africa's richest man and President of Dangote Group, Alhaji Aliko Dangote, has been crowned the 2024 African Business Icon of the Year by Champion Newspapers. The award was received on his behalf by Tunde Oladipo, Group Branding Lead of Dangote Industries, at the Champion Newspapers Annual Awards held in Lagos. Dangote, whose conglomerate is the largest in West Africa, was honoured for his legacy of industrial leadership, philanthropy, and commitment to Africa's economic growth. His foundation, endowed with $1.25 billion in 2014, continues to impact health, education, and empowerment across the continent. Read also: Dangote named African business icon of the Year 10 startups win justice innovation challenge, share ₦22m in funding World Bank maintains 3.6% growth outlook for Nigeria Egypt leads Africa's start-up investment surge in 2025, raises $330 million so far LASERC takes over Lagos power market He was also named "Man of the Year" and "Global Business Icon" at the event, which celebrated 41 awardees for their contributions to Nigeria's socio-economic and technological advancement. Other honourees included Zenith Bank (Bank of the Year), UBA's Oliver Alawuba (Banker of the Year), and NNPC's Olufemi Soneye (Media Manager of the Year). Champion Newspapers lauded all awardees for their integrity, excellence, and national impact.

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Ten startups have emerged as winners of the second round of JusticeTechNG 2025, Nigeria's first national hackathon and accelerator focused on digital solutions for the justice system.The programme, led by Fernandez Marcus-Obiene, Special Assistant to … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader 10 startups win justice innovation challenge, share ₦22m in funding By Busola Bamidele on June 11, 2025 Ten startups have emerged as winners of the second round of JusticeTechNG 2025, Nigeria's first national hackathon and accelerator focused on digital solutions for the justice system. The programme, led by Fernandez Marcus-Obiene, Special Assistant to the President on Justice Sector Reform, aims to modernise justice delivery using tech-driven tools. Over 80 applications were submitted for the competition, which kicked off with a three-day hackathon in Lagos from June 3 to 5. The top 10 teams are now in a four-week accelerator, where they'll receive mentorship, technical support, and policy guidance, all leading up to a final Demo Day in July. Read also: 10 startups win justice innovation challenge, share ₦22m in funding World Bank maintains 3.6% growth outlook for Nigeria Egypt leads Africa's start-up investment surge in 2025, raises $330 million so far LASERC takes over Lagos power market Egypt tops African start-up funding charts with $330m The selected startups are tackling key issues like access to legal aid, court digitisation, legal education, and reintegration of ex-offenders. Their innovations include digital court filing systems, legal rights awareness platforms, and tools to support justice access for vulnerable groups. A total of ₦22 million in funding and support will be awarded. The top team will receive ₦10 million (₦5m cash and ₦5m in services), with ₦7 million and ₦5 million going to second and third place winners, respectively. The programme is backed by public and private sector experts and offers participants a chance to pilot their solutions with government and civil society partners.

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The World Bank has reaffirmed its forecast that Nigeria's economy will grow by 3.6% in 2025, supported by domestic reforms and improving investor confidence, even as it slashed global growth projections due to rising trade tensions and policy uncertai… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader World Bank maintains 3.6% growth outlook for Nigeria By Busola Bamidele on June 11, 2025 The World Bank has reaffirmed its forecast that Nigeria's economy will grow by 3.6% in 2025, supported by domestic reforms and improving investor confidence, even as it slashed global growth projections due to rising trade tensions and policy uncertainties. In its latest Global Economic Prospects report, the bank noted that despite a global growth downgrade to 2.3% for 2025, Nigeria's services sector particularly financial services and ICT will continue to drive expansion. It attributed the positive outlook to earlier monetary tightening and a gradual decline in inflation. Read also: World Bank maintains 3.6% growth outlook for Nigeria Egypt leads Africa's start-up investment surge in 2025, raises $330 million so far LASERC takes over Lagos power market Egypt tops African start-up funding charts with $330m FG launches $50 million Wholesale Impact Investment Fund However, Nigeria's industrial sector remains subdued due to weak crude oil output. The bank also warned that while sub-Saharan Africa (SSA) may be shielded from direct trade war impacts due to limited exposure to the US and China, the region could still suffer from broader global slowdowns, commodity price drops, and reduced aid. The report also raised red flags over high public debt servicing costs, rising violence, and climate-related disruptions across SSA. Per capita income in the region is expected to grow modestly at 1.6% annually between 2025–2027, with poverty and job creation challenges persisting unless structural reforms are deepened.

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