Nigeria’s Economy Flags Warning on African Country Instability Risk Index
A new index assessing political stability risks across 47 African countries has placed Nigeria’s economy on “warning” status. The Africa…
Day: October 23, 2023
Supreme Court Readies for Atiku’s Appeal Against Tinubu’s Victory
As Nigeria’s Supreme Court prepares to hear the appeal filed by Atiku Abubakar, the presidential candidate of the Peoples Democratic…
Nigeria’s Naira Faces Unprecedented Decline: Can the Downward Spiral Be Halted?
Nigeria’s currency, the Naira, is hurtling towards an alarming exchange rate of N2000 to the US dollar after a record-setting…
Nigeria’s Oil Earnings Surge in September 2023
Nigeria’s oil earnings experienced a substantial surge of over N273.8 billion in September 2023. This surge was driven by an…
Fuel Prices Surge Beyond Official Bands in Nigeria
Fuel prices in Nigeria, particularly at independent filling stations, have surpassed the officially approved price bands set by the Federal…
EU Commits €212.5 Million to Support Key Areas in Africa
The European Commissioner for International Partnerships, Jutta Urpilainen, in collaboration with President Touray, has finalized the signing of seven financing…
P1 Ventures Closes First Round of $50M Fund to Support African Software Startups
P1 Ventures, a pan-African seed venture capital fund, has successfully concluded the initial round of fundraising for its new $50…
FEDA Invests in Cabinda Oil Refinery to Foster Angola’s Energy Transition
The Fund for Export Development in Africa (FEDA), an impact investment subsidiary of Afreximbank, has announced an investment in the…
Tripplo Secures $1.8 Million Investment to Revolutionize Logistics
Tripplo, a Johannesburg-based logistics software platform, has successfully concluded its seed funding extension round, securing a substantial equity investment of…
Apex Group Expands South African Presence with BCI and BIP Acquisitions
Global financial services provider, Apex Group, has successfully acquired Boutique Collective Investments (BCI) and Boutique Investment Partners (BIP) in South…
Norfund Invests $10 Million in South African Fruit Company for Climate Adaptation and Job Creation
Norwegian Investment Fund for Developing Countries (Norfund) is committing $10 million USD to The ANB Group, a prominent South African…
Outsized Successfully Completes Series A Funding, Poised to Transform Freelance Platform Market
Outsized, the premier platform for top-tier independent talent in Asia-Pacific, Africa, and the Middle East, is celebrating the successful conclusion…
Verod Capital and AfricInvest Acquire Majority Stake in iSON Xperiences
Verod Capital and AfricInvest have joined forces to acquire a majority stake in iSON Xperiences, a prominent ICT solutions provider…