This edition of the ALP Review highlights the major developments in energy, finance, trade, and regulation across Nigeria and the wider continent from January to March.
From Nigeria’s digital payment shift to green hydrogen milestones, telecom tariff changes, cross-border railway projects, and Tesla’s entry into South Africa’s home energy market, the updates are timely and relevant.
Energy and Natural Resources:
Tesla debuts the Powerwall 3 in South Africa, ushering in a new era of home energy storage. In Nigeria, REA expands rural access with a 440kWp mini-grid in Cross River. Meanwhile, Morocco greenlights $32.5B in green hydrogen projects, positioning itself as a continental leader in renewables. The U.S. also boosts Mozambique’s LNG ambitions with a $4.7B loan... Read more
Technology, Media, and Telecommunications:
From Cassava Technologies' AI factory to Airtel Africa's AI spam alert system, AI is reshaping Africa’s digital economy. Uganda introduces a single SIM card policy, while the African Development Bank teams with Axian Telecom to expand digital access. Meanwhile, Nigeria sees the largest global drop in cash usage amid a fintech-led digital payments boom... Read more
Financial Services & Capital Markets:
The CBN launches diaspora-focused accounts - NRNOA and NRNIA to ease foreign participation in the local economy. Nigeria’s SEC postpones crypto licensing, citing the need for enhanced due diligence. Meanwhile, Parthian Capital unveils new funds to support the vision of a $1 trillion Nigerian economy... Read more
Emerging Markets:
Nigeria ramps up efforts to modernize trade and education, introducing a National Single Window system and investing N50 billion in vocational and digital training. NAFDAC enforces stricter product registration rules, reinforcing public health safeguards... Read more
Transportation and Intra-Africa Trade:
Uganda joins Afreximbank’s FEDA as its 21st member, boosting its export development. AfDB projects East Africa to lead continental growth, while major infrastructure efforts like the Trans-Kalahari Railway and PAPSS FX market platform advance regional trade integration... Read more
Regulatory Compliance and Public Sector:
Nigeria’s telecom tariffs rise by 50%, the first adjustment since 2013, sparking national debate. Meanwhile, the proposed Nigeria Revenue Service Bill set to centralize national revenue collection raises important questions about fiscal federalism and state autonomy... Read more