Nigerian Government Approves Appointment of Retired Healthcare Workers on Contract
The Nigerian government has given the green light for the appointment of retired doctors, nurses, and other clinical healthcare workers…
Day: October 9, 2023
Nigerian Government Plans to Open Petrol Stations Along Border Areas
The Acting Comptroller General of Nigeria Customs Service, Adewale Adeniyi, has announced that the Federal Government intends to establish petrol…
Nigerians Anxiously Await Report on Central Bank Investigation
Nigerians are growing increasingly anxious as they await the report of the Jim Obazee panel appointed to investigate the Central…
Nigerian Cement Makers Enter Pricing Battle as BUA Cuts Prices
Nigerian cement manufacturers are gearing up for a potential pricing war after BUA Cement announced a significant reduction in its…
Escalating Israel-Hamas Clashes Propel Oil Prices Upward
Oil prices surged by over $4 per barrel in early Asian trading due to escalating military clashes between Israeli and…
Ajaokuta Steel Complex Nearing Completion, Promises 500,000 Jobs, says President Tinubu
President Bola Tinubu has announced that the Ajaokuta Steel Complex, a long-abandoned project, is nearing completion and will have the…
Enza Capital Closes $58 Million Across Two Funds to Back African Startups
Nairobi-based venture capital firm Enza Capital has successfully raised $58 million across two funds dedicated to supporting African startups focused…
Gaia Impact Achieves First Closing of €40 Million for Gaia Energy Impact Fund II
Gaia Impact, in partnership with Capital Croissance, Schneider Electric, Capelan, and Investisseurs & Partenaires (I&P), has reached the first closing…
CrossBoundary Access and Mobile Power Partner to Bring Affordable Energy Access to Nigeria
CrossBoundary Access and Mobile Power have formed a $10 million partnership to deploy Mobile Power’s MOPO Hubs in Nigeria, providing…
Peach Payments Secures €29M Funding for African Digital Payment Services
Baobab Payments GmbH, known as Peach Payments, has successfully concluded a €29 million funding round led by Apis Growth Fund…
Lillian Kidane Appointed as Regional Director for Africa at Dalberg Advisors
Global impact consultancy, Dalberg Advisors, has named Lillian Kidane as the new Regional Director for its Africa region. Lillian, who…
Carlyle Co-Founders Back New Africa-Focused Fund with $140 Million
A team that spun out of Carlyle Group Inc., a global private equity firm, has received backing from Carlyle’s co-founders,…
Red Rocket Secures $160 Million Investment for Clean Energy Expansion in Africa
Cape Town-based Independent Power Producer (IPP), Red Rocket, has received a substantial capital injection of $160 million from various stakeholders,…
ARM-Harith Infrastructure Fund Invests $18.75 Million in Elektron Power Infracom for Decentralized Energy Solutions in West Africa
ARM-Harith Infrastructure Fund (“ARMHIF”) has made an investment of US$18.75 million into Elektron Power Infracom (EPI), a Mauritius-incorporated company focused…
Sanari Capital Raises R1.25 Billion for Sanari 3S Growth Fund, Edging Closer to $100 Million Goal
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has successfully raised R1.25 billion (approximately…