News
Women Entrepreneurs: Driving Force Behind Economic Growth in Africa

With focus on supporting the growth and development of women entrepreneurs in Africa, Mastercard has committed to three partnerships that will impact women in Egypt, Nigeria and South Africa.
This comes in celebration of the annual Women Entrepreneurship Day, serving as a reminder of the important role women play in economic development in Africa.
The partnerships will include Injaz in Egypt, Youth for Technology Foundation (YTF) in Nigeria and Junior Achievement South Africa (JA South Africa).
These partnerships will focus on empowering young girls and women through financial literacy training and mentorship, giving them access to a network of women in similar situations.
Supporting these female entrepreneurs is vital to their sustained growth, as they become self-sufficient and better able to provide for themselves and their families.
This has a positive impact on their immediate community as well, with knowledge transfer and employment opportunities being created.
The importance becomes even more evident when you consider that Africa has the world’s highest rate of working poverty – people who are employed but earning less than US$2 a day.
Additionally, according to the World Bank Africa’s youth population is expected to grow by 42.5 million by 2020.
Partnerships That Work
In Egypt, Mastercard will collaborate with Injaz Egypt to introduce a skills development program for young female entrepreneurs to help them establish, sustain and grow their businesses.
Twenty teams of Egyptian women aged between 21 and 27 over an eight month period will be empowered to pursue their dreams and establish their financial independence. Trainings will include planning and review of establishing a business model.
With women making up almost 50 percent of the population in Egypt, and according to the CAPMAS study they are the head of almost 18 percent of households but only constitute less than a quarter of the country’s labour force.
With an unemployment rate of 12.5 percent, small and medium enterprises are a vital catalyst for economic growth.
Across in Nigeria, the most populated country in Africa – Mastercard has recommitted to its partnership with YTF to continue efforts to improve the lives of women through financial literacy, technology and skills-enhancement training.
The partnership, established in 2012, will now include the training and mentorship of 150 apprentices, talented young women that are now working for female business owners that have previously gone through or are currently going through the YTF programme.
This will create a ripple effect that will impact generations of women in Nigeria. To date, the partnership has impacted over 11,000 Nigerian women entrepreneurs across 14 states.
To see how much of an impact the partnership has had – watch the story of Afoma Ebri, an entrepreneur from Owerri in Nigeria.
In South Africa, Mastercard will be extending its support of the JA South Africa Mini Enterprise Programme for the sixth year, with a R1.4 million donation that sees more than 450 learners, predominantly young women, participate in the organisation’s flagship programme. To date, over 2,500 young South Africans have benefited from the partnership.
The Mini Enterprise Programme guides the selected Grade 10 and 11 learners from 13 schools across seven provinces in theory and practical sessions over a 15 week period.
Focusing on business theory, accounting, cash flow and marketing, the programme helps the learners to develop and market their own product to their community, while building their interpersonal skills and confidence.
Stories of Hope and Resilience
The impact being made through the collaboration between Mastercard and YTF is evident by the stories of women in Nigeria empowering themselves and their families. Eucharia, a 36 year old proud mother of four, started her tiling and building materials supply business Tokaf Investments in what is a typically male-dominated industry.
Another challenge was an over-sized and under-used warehouse that served as more of a liability than an asset.
The training she received enabled her to totally re-brand her business and grow it by 60% using mobile technology to engage with her customers.
Euchaira has cut costs significantly and created growth that allows her to support her family, and also help mentor young girls in her community.
Bonolo Modise, aged 20, completed the JA South Africa course in 2013. Since primary school, she has run a small business called Jewellery by Noli, and makes custom jewellery using water pearls and African beads. Like her, nineteen-year old Faith Modipa completed the JA course in the same year, and is now studying a BCom in Accounting Sciences at the University of Pretoria. She aims to open her own accounting practice, and will draw on the skills learnt during the programme.
Partnerships across the continent, such as those established by Mastercard, will go a long way in securing the future of women as they establish themselves as business owners. Women entrepreneurs will have a dramatic impact on the growth of economies across Africa, and should not be underestimated.
News
SERAP Sues INEC Over Alleged ₦55.9Bn Election Funds Diversion

Socio-Economic Rights and Accountability Project (SERAP) has dragged the Independent National Electoral Commission (INEC) to court over the alleged failure to account for ₦55.9 billion reportedly meant for the procurement of election materials for the 2019 general elections.

The grave allegations are documented in the latest annual report published by the Auditor-General on 9 September 2025.
In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP is seeking: “an order of mandamus to direct and compel INEC to account for the missing or diverted N55.9 billion meant to buy smart card readers, ballot papers, and other election materials for the 2019 general elections.”
SERAP is also seeking: “an order of mandamus to direct and compel INEC to disclose the names of all contractors paid the N55.9 billion for the procurement of smart card readers, ballot papers, result sheets, and other election materials for the 2019 general elections, including the names of their directors and shareholders.”
In the suit, SERAP is arguing that: “INEC must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”
SERAP is also arguing that, “INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered.”
According to SERAP, “INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.”
SERAP is also arguing that, “These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law.”
SERAP also said, “Allegations of corruption in the supply of smart card readers, ballot papers, result sheets and other election materials directly undermine Nigerians’ right to participate in elections that are free, fair, transparent, and credible.”
The lawsuit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Kehinde Oyewumi, and Andrew Nwankwo, read in part: “These grim allegations by the Auditor-General suggest a grave violation of the public trust, the Nigerian Constitution 1999 [as amended] and international anticorruption standards.”
“According to the recently published 2022 audited report by the Auditor General of the Federation (AGF), the Independent National Electoral Commission (INEC) ‘irregularly paid’ over N5.3 billion [N5,312,238,499.39] ‘to a contractor for the supply of Smart Card Readers for the 2019 general elections’.
“The contract was awarded without prior approval from the Bureau of Public Procurement (BPP) and the Federal Executive Council. The payment was also ‘made without any document. There was no evidence of supplies to the commission.’”
News
FG Inaugurates N40Bn CCTV Control Centre for Third Mainland Bridge

Federal government has inaugurated a ₦40 billion closed-circuit television (CCTV) control centre for the Third Mainland Bridge in Lagos.

Speaking at the inauguration on Sunday, David Umahi, minister of Works, said the project followed extensive rehabilitation works carried out on the bridge after the current administration took office in 2023.
“When we came on board in 2023, we met a very terrible Third Mainland Bridge,” Umahi said, adding that the structure, along with Carter and Iddo bridges, required comprehensive re-evaluation and repairs both above and below water level.
He said President Bola Tinubu approved the total rehabilitation of the bridge, including replacement of expansion joints, noting that the completed work had improved driving conditions and extended the bridge’s lifespan.
Umahi said the CCTV system, first announced in 2025, was designed to curb dangerous driving, prevent suicide attempts and strengthen security.
He added that security personnel would monitor live footage from the control centre and enforce speed limits on the bridge.
The minister commended the China Civil Engineering Construction Corporation (CCECC), which executed the project, for what he described as high-quality delivery. He said the contract also included a surveillance boat and two Hilux vans, which would be handed over to the police to support monitoring and rapid response.
“The idea is that we can see everything that is happening on the bridge,” Umahi said, expressing concern over excessive speeding and urging motorists to comply with traffic regulations.
Earlier, Olufemi Dare, federal controller of works in Lagos, said the facility was the first of its kind on any bridge in Nigeria.
He said the system allows real-time monitoring of activities on the bridge and surrounding waters.
Dare said the project includes 240 solar panels, 10 inverters, a 300 KVA transformer, a standby generator, multiple monitoring screens and full air-conditioning for the control centre.
He added that the contract also covers 1,268 solar-powered street lights and a borehole facility.
According to Dare, the project was awarded at a cost of ₦40.17 billion, with about ₦36 billion paid so far to the contractor. He said the current inauguration marked the first phase, with additional commissioning planned once work on the bridge’s extension is completed.
He thanked the president for approving the project and praised Umahi for ensuring due process during its execution.
News
AI Founders and Developers to Converge in Lagos for AI in Action 2026 conference

As Africa stands at the threshold of a digital revolution, Carbon AI has officially announced the AI in Action 2026 conference, scheduled for January 22, 2026, at the Lagos Oriental Hotel.

In a statement in Lagos, Debola Ibiyode, Convener of AI in Action 2026 and CEO of Carbon AI, disclosed that the AI in Action 2026 conference aims to move beyond the typical industry hype to focus on practical, homegrown innovation under the theme: “Driving Productivity, Innovation, and Sustainability—Building the Future in AI Together.”
“AI in Action 2026 is designed as a high-impact platform where deep-tech innovation meets real-world application. The conference will specifically explore how Large Language Models (LLMs), Agentic AI Frameworks, and Generative AI can be harnessed to power Africa’s transformation,” she noted in the statement.
Debola also emphasizes that the time for mere discussion has passed, stressing that AI in Action 2026 is for people who want to do more than just talk about AI; it’s for those ready to build, apply, and lead.
“We aren’t chasing hype or funding; we are chasing real impact. Our mission is to empower budding founders to turn ideas into deployable solutions while championing responsible AI adoption that creates measurable social and economic change across the continent,” she added.
The statement explains that the conference features a curated experience designed to foster genuine collaboration. It includes keynote speeches and panels that offer deep dives into Generative AI, Agentic Frameworks, and their intersection with global sustainability.
Attendees can participate in practical workshops with hands-on sessions focused on building, deploying, and scaling AI tools. The event also features a startup and product showcase that highlights cutting-edge, African-built AI solutions.
Additionally, dedicated mentorship and networking sessions will connect early-stage founders with seasoned practitioners and industry leaders.
The event is a call to action for a diverse cross-section of the ecosystem, including Software and AI Engineers, Data Scientists, Business Leaders, Educators, Policymakers, Students, and ICT Infrastructure companies, enabling AI deployment, including datacenter providers. By bringing these groups together, the conference seeks to ensure the AI revolution is inclusive, ethical, and sustainable.
AI in Action 2026 Now offers tiered sponsorship packages for organizations looking to position themselves at the forefront of Africa’s technological future. Sponsors will gain direct access to a unique demographic of decision-makers and the next generation of AI talent.
“Africa’s digital revolution must be homegrown. Whether you’re building solutions, shaping policy, or mentoring young innovators, this is your platform. Together, we’re not just discussing the future, we’re building it,” she concluded.
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