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AllAfrica: African news and information for a global audience.
News
Africa: Jumia Raises $50m From IFC, Axian in Profitability Push
Jumia has priced a $50 million equity raise led by the International Finance Corporation as the e-commerce company adds cash while working toward break-even. IFC will invest $25 million, with Axian and other investors providing the rest. The investors wil
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South Africa: Rand Rally Pulls $1.4b Into South African Bonds
Foreign investors are returning to South African government bonds as a stronger rand and high local yields lift returns from the carry trade.
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Nigeria: Seme Customs Revenue Hits N19.84bn in Seven Months
The Nigeria Customs Service, Seme Area Command, has generated N19.84bn in revenue between January and July 2026, exceeding the N15.94bn collected throughout the whole of 2025.
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Nigeria: Coalition Should Collapse Their Structures Into Labour Party - Nenadi
The National Chairman of the Labour Party (LP), Nenadi Usman, has called on political parties seeking to form a coalition ahead of the 2027 elections to collapse their structures into the Labour Party.
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Nigeria: Police Ordered to Pay Journalist U.S.$ 8,800 for Unlawful Arrest
Press Release - A High Court in Abuja, Nigeria, on July 29, 2026, ordered the Nigeria Police Force to pay â‚12 million (about US$8,800) to journalist Kasarahchi Aniagolu as damages and litigation costs over her unlawful arrest, detention, and assault
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