*Exchange Rates | Updated Daily
Latest Insights
Masai Ujiri's Zaria Group Sign Landmark Nairobi Arena Development Deal
The project is expected to generate more than 25,000 jobs annually and introduce world-class infrastructure designed to support athletes, artists, and the broader creative economy.
Nigeria’s Sports Commission Ends Dollar Payments for Athlete Grants
This follows concerns raised by sprinter Kayinsola Ajayi over the distribution of grants, prompting a response from the Commission’s leadership.
Nigeria's Samson Adamu Named Acting Secretary General of CAF
This marks a leadership transition at the Cairo-based governing body and elevating one of its most senior tournament operators into a top administrative role.
Masai Ujiri’s Giants of Africa Expands Basketball Courts to the Sahel With Projects in Mali and Ghana
The program, called Dribble for Peace, forms part of the broader Built Within project launched in 2021 by Giants of Africa. The initiative aims to build 100 community basketball courts across the continent, with 45 courts already completed across 13 countries.
D'Tigress Partners with XE Jet as Official Aviation Partner of Nigeria Women's Basketball Team
The deal represents one of the more notable aviation partnerships in African basketball and reflects growing corporate interest in supporting elite women's sports programs across the continent.
MultiChoice to Shut Down Showmax After Strategic Streaming Review
The decision reflects mounting losses in the capital-intensive global streaming market and signals a broader shift in strategy as CANAL+ Group looks to reposition its digital entertainment platform across Africa.
Access Bank Lagos City Marathon 2026: Prize Money, Performance & The Economics of Road Racing
The 11th edition of the Access Bank Lagos City Marathon has reinforced Lagos' position as one of Africa's most commercially competitive road races. With $50,000 awarded to each winner, the elite 42km race once again attracted East Africa's deepest marathon talent pool - delivering not just fast times, but a clear direction about the growing economics of long-distance running across the continent.
Nigeria Formalises American Football Governance
This new development now positions American football within Nigeria's formal sports ecosystem and aligns it with the Commission's RHINSE Agenda. In the most recently completed Super Bowl LX , six athletes of Nigerian descent featured — four of them on the winning team,
GTCO renews its long-standing bet on elite sports and heritage events in Nigeria
Guaranty Trust Holding Company Plc (GTCO) has confirmed its continued role as main sponsor of the NPA Lagos International Polo Tournament, one of Africa's oldest and most prestigious sporting events. The 2026 edition will take place at the Lagos Polo Club from January 27 to February 15, drawing top local and international polo teams and high-profile spectators.
Nigeria’s National Sports Commission (NSC) is Committing $17M to reviving Abuja Stadium
The Moshood Abiola National Stadium is set to receive ₦24.6bn ($17.3m) as part of the The National Sports Commission's (NSC) ₦203.6bn($143.4m) allocation in Nigeria’s 2026 budget.
Leks Sports Nigeria agrees 25 year Partnership with Landmark Africa Group to develop Multi-use Sports Park
The project carries an estimated $50m Gross Development Value (GDV) and will be developed on a 22-acre site, integrating professional-grade sports facilities, residential components..
From Fintech Liquidity to Sports Assets: Silverbacks Holdings Bets on Africa’s Sports Economy
Financially, the firm has delivered: 13.7x overall cash-on-cash returns across fintech investments over five years, 29x return on LemFi following a $53m Series B, 5x cash-out from OmniRetail Africa.
MINGO Tickets roles out Across 54 Countries in africa - partners with African Boxing union
As part of its African expansion, MINGO is partnering with African Boxing Union and the Yucateco Boxing League (YBL). YBL currently have 500+ annual participants, 1000+ bouts annually and ₦100M+ (USD 70K) annually in prize money.
Nigerian National Petroleum Company limited (NNPCL) partners With The Nigerian National Institute of Sports (NIS)
The initiative is to shift focus from natural resource extraction to long-term human capital development in other sectors such as sports.
NBA Africa Awards 5 African Startups Triple-Double Prize
NBA provided winners with financial support and the opportunity to join the Carnegie Mellon University Africa 12-Month Business Incubation program. See all prize winners.
Nigeria Sports Commission (NSC) put in bid to host 2031 African Games
The National Sports Commission of Nigeria has formally submitted its bid to the African Union Sports Council to host the 2031 African Games. This signals Nigeria's ambition to once again welcome Africa’s premier multisport event nearly 25 years after successfully hosting the 2003 edition.
Nigeria Set to Host 2026 E1 Series Boat Race For the Second Time
E1 Series - the world’s first all-electric boat-race championship, has officially confirmed its return to Lagos, Nigeria, for the 2026 season. The 2026 season is expected to further solidify E1’s global footprint and positioning Lagos as a key stop on the world racing map.
Sports Tech Startup FanBants Shuts Down
The African startup that fused fantasy sports with pop culture announced its closure after four years in operation. Founder Fola Folowosele announced earlier this week ending a venture that began with the support from Techstars. Beşiktaş J.K Professional Footballer Wilfred Ndidi who was also an investor.
FIBA Basketball and ESPN Africa to bring Basketball games across Sub-Saharan Africa
This will grant the ESPN Africa english-language rights across Sub-Saharan Africa until 2029 for distribution on ESPN pay television services.
10 Startups Selected as Finalists as Part of the Second NBA Africa Triple Double Accelerator Program
The league launched the program last year to support the continents technology advancement and ecosystem and the next African entrepreneurs. The program is open to early-stage African startup companies that develop solutions in the sport and creative industries.
