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Day: August 8, 2023

Triodos Funds Support Bridge Taxi Finance to Empower South African Entrepreneurs
AfricaBusiness

Triodos Funds Support Bridge Taxi Finance to Empower South African Entrepreneurs

Triodos Microfinance Fund and Triodos Fair Share Fund have extended a USD 10 million loan to Bridge Taxi Finance in…

byakintundeAugust 8, 2023August 8, 2023
Remedial Health Raises $12 Million to Digitize Pharmacy Operations in Nigeria
Health

Remedial Health Raises $12 Million to Digitize Pharmacy Operations in Nigeria

Nigerian startup Remedial Health has secured $12 million in a Series A equity-debt funding round, co-led by Fintech VC firm…

byakintundeAugust 8, 2023August 8, 2023
Commercial Cold Holdings Expands with Acquisition of Sequence Logistics
AfricaBusiness

Commercial Cold Holdings Expands with Acquisition of Sequence Logistics

Commercial Cold Holdings (CCH), a prominent cold chain logistics platform under the control of African Infrastructure Investment Managers (AIIM), a…

byakintundeAugust 8, 2023August 8, 2023
Sanlam Private Equity Acquires Majority Stake in Danny’s Auto Body Parts
AfricaLocal

Sanlam Private Equity Acquires Majority Stake in Danny’s Auto Body Parts

Sanlam Private Equity (SPE), the private equity branch of Sanlam Investments, has successfully acquired a majority share in Danny’s Auto…

byakintundeAugust 8, 2023August 8, 2023
Dangote Cement and BUA Cement’s Fuel and Power Costs Surge Amid Rising Inflation
BusinessLocal

Dangote Cement and BUA Cement’s Fuel and Power Costs Surge Amid Rising Inflation

During the first half of 2023, Dangote Cement Plc and BUA Cement Plc collectively spent a substantial amount of N204.925…

byakintundeAugust 8, 2023August 8, 2023
Apapa and Tincan Island Ports Account for Majority of Nigeria’s Trade in Q1 2023
Local

Apapa and Tincan Island Ports Account for Majority of Nigeria’s Trade in Q1 2023

Customs licensed agents have explained why the Lagos ports of Apapa and Tincan Island accounted for 89.9% of Nigeria’s total…

byakintundeAugust 8, 2023August 8, 2023
Nigeria-Niger Trade Worth $226.34 Million at Risk Amid Border Closure
Business

Nigeria-Niger Trade Worth $226.34 Million at Risk Amid Border Closure

Trade worth approximately $226.34 million between Nigeria and Niger is under threat due to the recent closure of the border…

byakintundeAugust 8, 2023August 8, 2023
World Bank, Clean Technology Fund, and Dutch Cooperation to Finance $338.7 Million Solar Power Projects in West Africa
Energy

World Bank, Clean Technology Fund, and Dutch Cooperation to Finance $338.7 Million Solar Power Projects in West Africa

A consortium comprising the World Bank, Clean Technology Fund, and the Dutch Cooperation is set to finance solar power projects…

byakintundeAugust 8, 2023August 8, 2023
Completion Date of Nigeria’s 11,000 MW Power Project with Siemens Shifted to 2030 Due to Pandemic Delays
Business

Completion Date of Nigeria’s 11,000 MW Power Project with Siemens Shifted to 2030 Due to Pandemic Delays

The timeline for the completion of the 11,000 megawatts (MW) power project, a collaboration between the Federal Government of Nigeria…

byakintundeAugust 8, 2023August 8, 2023
Nigeria Tops World Unemployment List with 33.3%, KPMG Predicts Further Rise
Business

Nigeria Tops World Unemployment List with 33.3%, KPMG Predicts Further Rise

Nigeria has ranked as the country with the highest unemployment rate globally, according to recent statistics released by the World…

byakintundeAugust 8, 2023August 8, 2023
Seplat Energy Records 10.21% Growth in Gas Revenue for H1 2023
BusinessEnergy

Seplat Energy Records 10.21% Growth in Gas Revenue for H1 2023

Indigenous energy company, Seplat Energy Plc, reported a 10.21% increase in its gas revenue for the first half of 2023,…

byakintundeAugust 8, 2023August 8, 2023

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