News
African Entrepreneurs Vying for Anzisha Recognition

The Anzisha Prize, a partnership between African Leadership Academy and Mastercard Foundation, has revealed its top 20 finalists for 2020. Winners will be announced at this year’s Anzisha Prize Conference on 27 October 2020.

Organisers say this year’s application season saw a record 1 200 applicants vying for a chance to join the Anzisha Prize fellowship.
From these applications, 20 businesses emerged that were 45% percent female-owned and represented sectors such as agriculture, manufacturing and education.
Young entrepreneurs from Morocco, South Africa and Tanzania displayed impressive ventures that are tackling critical issues within their communities while also turning a profit. Through their businesses and entrepreneurial leadership skills, these job starters are paving a way for other young Africans to pursue entrepreneurship.
Selected as a top 20 finalist is 21-year-old Alaa Moatamed who is the co-founder of Presto, a company she describes as one of the leading delivery management platforms in Egypt. The venture provides business owners with an affordable and convenient delivery service for their customers.
Joining Alaa is 20-year-old Benjamin Mushayija Gisa from Rwanda who manufactures and packages natural organic products for consumption and for cosmetic purposes in the form of lotions and coconut soap.
“2020 has seen a global shift in the future of work. This year’s applicants have personified the resilience and innovation that Africa needs as we navigate our way into a post-COVID-19 future,” says Melissa Mbazo-Ekepenyong, Deputy Director of the Anzisha Prize.
The Anzisha Prize, a partnership between African Leadership Academy and Mastercard Foundation, has supported 122 entrepreneurs and 77 of those businesses have created over 2 000 jobs, with 56% of those being employment provided for young Africans under 25.
Peter Materu, Chief Program Officer, Mastercard Foundation says, “The success of the Anzisha Prize over the last decade stands as a resounding testament to the creativity and entrepreneurial potential of Africa’s very young people—a hugely under-tapped resource.
Through Anzisha, we’re reminded of what they can achieve when challenged and enabled to own and solve the problems they see around them. Now, as ever, the innovations that have emerged through the Anzisha Prize inspire and renew our faith in and commitment to their promise.”
This year, the top 20 will gather virtually from their various countries to share knowledge and learn from expert coaches and mentors as they prepare for their final pitches to a panel of external judges.
All the entrepreneurs will receive a cash prize of US$2 500. The grand prize winner will receive US$25 000, while the 1st runner and 2nd runner receive US$15 000 and US$12 500 respectively.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
E-Business2 days agoAI-Powered Cyber Threats Put Nigerian Banks on Alert
E-Business2 days agoCSOs Raise Alarm over Nigeria’s Data Protection Crisis
General News2 days ago₦5m up for Grabs as 10 Startups Clash at the Gathering on 100 Pitchathon Aba
E-Financial2 days agoCBN to Expand eNaira for Salaries, Pensions and Welfare Payments
General News2 days agoCBN Moves to Stop Banks From Using Customers’ Money for Fintech Subsidiaries
E-Financial2 days agoCBN to Bar HoldCos from Influencing Banks’ Lending Decisions
Telecom2 days agoNITDA Reveals Why AI Could Be Nigeria’s Biggest Wealth Creator, Not Oil
Telecom2 days agoNASENI Unveils Ambitious Plan to Produce 600 Million Diagnostic Kits Annually



















