Politics

Aero Contractors flight returns to Lagos after mid-air technical fault

An Aero Contractors Lagos-Abuja service made an emergency return to Lagos after the crew declared a technical issue, with all passengers safely evacuated.

25 Jul · 3 min read · aviation · nigeria · aero contractors
Global

IMF: Africa's AI Billions at Risk Without More Power

The IMF warns that chronic electricity shortfalls could prevent Africa from capturing the economic gains AI promises, even as a potential Fed rate hike adds pressure on the continent's capital costs.

Global

Houthi Red Sea Attacks Squeeze East African Trade Routes

Persistent Houthi strikes on Red Sea shipping are forcing costly detours that ripple through East African import and export supply chains.

Business

Nigeria's Payment Fraud Losses Halved, But AI Risks Are Rising

Reported digital fraud losses dropped to N25.85 billion in 2025, yet the threat is shifting toward more sophisticated, AI-driven attacks that could be harder to contain.

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The Money

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Undisclosed
Undisclosed
Zazu
Fintech · South Africa
Pre-seed
$600K
Multiple (Madica portfolio — 3 startups)
Healthtech / Legal AI / Agritech
Seed
Undisclosed
15 undisclosed startups (Launch Africa Ventures portfolio)
Fintech
Funding
Undisclosed
Daya
Fintech
Growth
$55M
Equator VC
Climate Tech · Kenya
Growth
$90M
Acumen (African Climate-Resilient Agriculture Fund)
Agritech
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