Eze, a YC-backed Wholesale Electronics Marketplace, Raises $3.7 million.
Eze, a B2B electronic goods marketplace, raises $3.7 million. Right Side Capital Management headed the investment round, which also included…
Day: June 20, 2023
Trella’s Logistics Startup is Supported by Avanz Capital Egypt with $3.5 million.
To aid in the expansion of the Egyptian logistics sector, private equity firm Avanz Capital Egypt has invested $3.5 million…
PE Fund with a Focus on Zambia Closes its First Close at $40 million.
In a historic financing for a Zambian private equity firm, Monter Capital Partners in Port Louis successfully closed the first…
French Company Schneider Transfers Kenya Operations.
French energy company Schneider Electric Kenya will discontinue its manufacturing activities there, indicating challenges with local value-addition. Schneider Electric Kenya…
Report: Upcoming Months are Projected to See an Increase in Ghana’s Inflation.
Over the following two months, it is expected that Ghana’s inflation rate will increase. This is mostly caused by the…
Shane Harris is Appointed Chairman/MD of ExxonMobil Nigeria.
In Nigeria, Esso Exploration and Production Nigeria Limited, Mobil Producing Nigeria Unlimited, have appointed Shane Harris as their new chairman…
Airtel’s Network Launch has Increased Access to 5G.
In Nigeria, access to fifth-generation technology (5G) is expanding significantly, especially since Airtel Nigeria inaugurated the network on Monday in…
UK Lowers Tariffs on Goods from Nigeria and Other Countries.
In order to save businesses and consumers millions of pounds annually, the United Kingdom (UK) stated that it has drastically…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection Efficiency Increases.
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the collection efficiency of the…
FG Begins Enforcing the Data Privacy Law, Banks, telcos, and others will Face Steep Fines.
Banks, telecommunications corporations, and other organizations might face fines of up to 2% of their annual turnover for data breaches,…
At the Official Market, Naira Drops to 770.38/$.
After ending Monday’s trading in the investor & exporter FX market at 770.38/$, the naira fell even further against the…
Nigerians Protest the 7.5% VAT the FG Imposed on Diesel.
The payment of the 7.5% Value Added Tax on Automotive Gas Oil, also known as diesel, was officially announced by…