Nigeria’s External Reserves Experience Marginal Uptick in August 2023″
In August 2023, Nigeria’s external reserves saw a slight increase of $1.87 million, attributed to the Central Bank of Nigeria’s…
Day: September 5, 2023
Nigeria Aims to Submit 2024 Budget to Parliament by October End
The Ministry of Budget and Economic Planning has revealed plans to present the 2024 budget to the House of Assembly…
Nigeria’s Business Activity Slumps Amidst Inflation and Currency Woes”
Rising inflation and currency instability have led to a significant downturn in business activities in Nigeria, as reported in the…
Nigerian Energy Firm Oando to Acquire Nigerian Agip Oil Company (NAOC) from Eni
Nigerian energy company Oando is set to acquire the Nigerian Agip Oil Company (NAOC), a subsidiary of Italian energy group…
Foreign Firms Repatriated $5.86 Billion from Nigeria Between October 2022 and March 2023
Foreign firms repatriated $5.86 billion from the Nigerian economy between October 2022 and March 2023, with $5.13 billion repatriated as…
Hero MotoCorp to Invest Up to $66.5M in Electric Vehicle Startup Ather Energy
Hero MotoCorp, the world’s top two-wheeler maker, plans to invest up to $66.5 million in Ather Energy, an Indian electric…
Kotani Pay Raises $2M to Facilitate Cross-Border Remittances in Africa Using Blockchain
Nairobi-based Kotani Pay has raised $2 million in a pre-seed funding round led by P1 Ventures, with participation from investors…
Unconventional Ventures Targets €30 Million to Invest in Impact Tech Startups in the Nordics
Unconventional Ventures (UV), a venture capital fund focused on impact tech companies with diverse founding teams, is targeting a €30…
Universal Music Group to Acquire Chabaka in MENA Expansion
Universal Music Group (UMG) is set to acquire Chabaka, a UAE-based music company that offers digital distribution, marketing, publishing, and…
IFC Plans $50 Million Investment in Emerging Markets Infrastructure Fund II
The International Finance Corporation (IFC) is considering an investment of $50 million in the Emerging Markets Infrastructure Fund II, a…
KawiSafi Ventures Launches $200 Million Fund to Address Climate Challenges in Sub-Saharan Africa
KawiSafi Ventures, an impact investment fund focused on climate solutions in sub-Saharan Africa, has unveiled its KawiSafi II project. The…
Sahel Capital Provides Financing to S&P Agribusiness for Hibiscus Flower Supply Chain Expansion
Sahel Capital, an impact-oriented private equity firm, has extended a loan facility to S&P Agribusiness, a trading company specializing in…
Ghana’s Agri-Tech Leader Farmerline Secures $1.5 Million Funding from Hivos-Triodos Fonds
Hivos-Triodos Fonds has provided a $1.5 million facility to Ghana-based agri-tech company Farmerline. Farmerline is a market leader in agri-tech…
South African E-commerce Subscription Platform Rentoza Secures $6 Million Investment
Rentoza, a South African online subscription platform, has successfully secured $6 million in funding from two prominent investors, leading a…
A.P. Moller Capital Completes Acquisition of Vector Logistics
A.P. Moller Capital and RCL FOODS have successfully closed the acquisition deal of Vector Logistics. Vector Logistics is a leading…