Lagos-based Aruwa Capital has raised $35 million for its second gender-focused fund. • The firm now aims to grow the fund to $50 million, with a possible cap of $60 million. • Backers include Visa ...

Africa’s military spending grew 3% in 2024 to reach $52.1 billion, driven mainly by North Africa • Algeria and Morocco alone accounted for 90% of North Africa’s defense budget, amid rising tensions ...

Nigerian startup secures $20 million Series A to grow in Nigeria, Ghana, and Côte d’Ivoire Backers include Norfund, Timon Capital, Ventures Platform, and Flour Mills of Nigeria Company reached ...

Facing a prolonged slump in diamond demand and declining prices, De Beers has trimmed its 2025 production forecast to between 20 and 23 million carats, down from an initial range of 30 to 33 million ...

The world’s seabed holds mineral resources valued at $100 trillion. Interest in these critical minerals—cobalt, nickel, and rare earths—has surged recently, yet exploitation remains limited. On April ...