MFS Africa Raises $100m For Massive Expansion Across Africa
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt financing round. The fundraising…
Year: 2021
Fidelity, Visa And Kingsway Back South African Fintech JUMO In $120M Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4 Million Series A Funding, Embarks On Expansion Drive
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as…
Telenor And Google Cloud Partner Up To Digitalise Telecom Operations
Telenor and Alphabet Inc’s Google Cloud have formed a partnership to digitalise the Norwegian telecom company’s global operations and are exploring ways…
Apple TV+ hopes to build on rivals’ success with first Korean series
Hot on the heels of Netflix’s breakout South Korean hit “Squid Game,” Apple has rolled out its first Korean-language original series…
Chinese Investors Acquire 120 Hectares Of Land In Akwa Ibom For Hendai City
A multibillion dollars modern city development project promoted by the Chinese investors , Hendai Investment Limited, is coming to oil…
IBM, Amazon Partner To Extend Reach Of Data Tools For Oil Companies
International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of…
Korean Proptech Startup Rsquare Raises $72M Series C To Fuel Its Expansion
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a…
Singaporean, French Firms, Bi-Courtney, 10 Others Jostle For Nigeria’s Four Int’l Airports
A total of 13 airport consortia, comprising local and foreign companies, have submitted bids to be prequalified for the planned…
FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month. A circular by…
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to apply for affordable…
Eight PFAs Meet N5 Billion Capital Requirement
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20…
Daniel Ford International To Host An Evening With Wole Soyinka
Daniel Ford International a leading property search and acquisition consultancy, is hosting 1986 Nobel Prize winner, Professor Wole Soyinka, for a…
Musk Continues To Sell Shares After Twitter Poll
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share in his company worth about…
N58k For Single-Phase, N109k For Three-Phase’ — FG Raises Prices Of Prepaid Meters
The federal government has increased the prices of both single-phase and three-phase prepaid electricity meters. The Nigerian Electricity Regulatory Commission…
Alibaba, JD Enjoy Record Singles Day Despite Tech Crackdown
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it…
6,000 Base Stations Needed For 5G Rollout In 10 Nigerian Cities – GSM Operators
The Global System for Mobile Communications Association says $500m and 6000 base stations are needed for 5G rollout in the…
ECB Forward Guidance Is No Longer Working As It Used To
Bloomberg Economics’ model shows that if the European Central Bank had fully bought-in to the transitory inflation narrative, it would…
Federal Government of Nigeria To Use NIN To Identify, Monitor Internet Users In Nigeria – Pantami
The Federal Government has stated that it plans to use the mandatory National Identification Number (NIN) to identify and monitor…
WhatsApp Launches Scam Messages Awareness Campaign
A text or WhatsApp message from a “friend in need” asking for money or personal information could be a scammer,…
CBN Urges Nigerians To Embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital currency. The Director Corporate Communications…
Reps Ask CBN To Recover NNPC’s Funds In Banks
The House of Representatives has sought the intervention of the Central Bank of Nigeria (CBN) over recovery of funds belonging…
UBA’s $300 Million Eurobond Oversubscribed
Amid global and domestic challenges, the United Bank for Africa Plc’s (UBA) $300 million Eurobond attracted 1.7 times oversubscription from…
WeChat Bargain Hunters Seek Profits In China Property Bond Rout
In late October, as a growing liquidity crisis across China’s property sector walloped developers’ bonds, a group of Chinese finance…
Biden Signs Legislation To Tighten U.S. Restrictions On Huawei, ZTE
U.S. President Joe Biden on Thursday signed legislation to prevent companies like Huawei Technologies Co or ZTE Corp that are…
Toshiba Says It Plans To Split Into Three Firms, Rejects Calls To Go Private
Japanese industrial conglomerate Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two…
Twitter To Launch Dedicated Crypto Team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is setting up a team dedicated…