Flourish Ventures Opens Up New Office In Nairobi, Kenya To Support African Fintech Startups
The African fintech startup scene is set for a boost after Flourish Ventures, a global fintech venture capital firm, announced…
Day: March 22, 2021
FMO Renews Commitment To Emerging Africa Infrastructure Fund
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), today announced that it has successfully completed its…
Valar Ventures Makes First Investment In Africa With Neo Bank Kuda
Launched in 2016 as lending platform Kudimoney, Kuda rebranded in June of 2019 and received a banking licence from the…
First Green Energy Project In Burkina Faso For EAIF
The West African country of Burkina Faso is to get a new large-scale renewable energy plant, it was announced today,…
Billionaire Leon Black Is Leaving Apollo Following Scrutiny Over Ties To Jeffrey Epstein
Leon Black is completely stepping away from running private equity firm Apollo Global Management amid scrutiny over the billionaire’s ties to…
Turkey’s Lira Plunges After Erdogan Fires Central Bank Head
urkey could be on the cusp of another currency crisis after President Recep Tayyip Erdogan abruptly fired the head of the country’s central bank,…
A Company Will Pay You $2,400 To Stay Away From Screens For 24Hours
Put the phone away for an hour. Or, better yet, make it 24 hours — you might just get $2,400…
Rise Fund To Invest $200 Mln In Airtel Africa’s Mobile Money Business At $2.65 Bln Valuation
Telecommunications and mobile money services provider Airtel Africa said it signed an agreement under which The Rise Fund, the global…
RisCura Launches Impact Fund-Of-Funds For South Africa
Purpose-driven investment firm RisCura is applying its institutional investment experience to impact investing and has launched the country’s first Impact…
Hadiza Bala Usman: Export Cargoes Barred From Lagos Ports For Two Weeks
The NPA boss told Radio Now 95.3 FM in an interview monitored by TheCable that the suspension is effective Monday,…
China’s JD.com To Invest $800million In Dada Group
Chinese e-commerce firm JD.Com said on Monday it will invest $800 million in Dada Group, giving it a 51% stake…
Samsung Gets 5G Equipment Contract From Japan’s NTT Docomo
Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply…
S&P 500, Nasdaq Set For Higher Open On Tech Boost, Tesla Gains
The S&P 500 and the Nasdaq were headed for a higher opening on Monday as technology stocks looked set to…
Mondelez To Buy Majority Stake In UK Snack Bar Firm Grenade In Health Push
Cadbury chocolate-maker Mondelez International Inc said on Monday it would buy a majority stake in UK protein bar company Grenade,…
South Africa Sells Its AstraZeneca Vaccine Doses To AU
South Africa has sold a million doses of the AstraZeneca coronavirus vaccine for distribution in 14 fellow African nations, the…
ByteDance Acquires Gaming Studio Moonton At Around $4 Billion Valuation: Sources
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it…
Union Bank’s Annual Profit Rises To N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the…
Facebook Rallies After Zuckerberg Downplays Risk Of Apple Policy
Facebook Inc. shares rallied on Friday, with the stock extending a recent advance after Chief Executive Officer, Mark Zuckerberg, downplayed…
CBN Sets 94% Target For Financial Inclusion By 2024
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged Nigerians to harness the benefits of the…
FINMA Chief To Head Up German Financial Watchdog BaFin: Handelsblatt
Mark Branson, the head of Switzerland’s financial markets regulator FINMA, is to be named the new President of German financial…
Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting…
COVID-19 Has Opened New Opportunities In Digital Economy In Africa — ECA
A new report launched by the Economic Commission for Africa (ECA) on the impact of COVID-19 on e-commerce in the…
BOJ Buys Stock ETFs As Usual After Policy Change, But Changes May Lie Ahead
The Bank of Japan bought around 50 billion yen of Japanese stocks exchange traded funds (ETFs) on Monday, in line…
Huawei Lawyers To Focus On Witness Refusal To Testify In U.S. Extradition
Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings on Monday are expected to focus on a former Canadian police…
Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief
Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of…
Free Zone: Lagos To Attract Additional $5bn In 4 Years
The Lagos Free Zone (LFZ) which already has a committed investment of $2 billion is poised to attract an additional…
What Data Say Of Nigeria’s Economy
In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for…
Forex Scarcity Hampering Airlines’ Operations, Says Onyema
Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume…
Fed Govt Lists N163B Sovereign Sukuk
The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way for investors…
Minimum Wage: National Assembly Raises Panel To Avert Strike
The Clerk to the National Assembly, Olatunde Ojo, has constituted a nine-member committee to fashion out modalities for the implementation…