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…
Month: October 2023
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…
Nigeria’s Ways and Means Debt Surpasses Crude Oil Revenue in H1 2023
A recent report from the Budget Office of the Federation (BOF) has revealed that the Federal Government of Nigeria’s interest…
Afreximbank and Export-Import Bank of China Sign $600 Million Loan Agreement for Trade Finance
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have inked a $600 million loan agreement to…
British Prime Minister Rishi Sunak Advocates for Peace in Middle East Tour
British Prime Minister Rishi Sunak is embarking on a Middle East tour, with Egypt as his first stop, to advocate…
Olusegun Aganga Emphasizes: Strong Naira Hinges on Local Production and Exports
Former Finance Minister, Olusegun Aganga, highlighted a critical economic reality at the 51st Annual General Meeting of the Manufacturers Association…
Nigeria to Digitize Travel Processes for Enhanced Air Travel Experience
Olubunmi Tunji-Ojo, Nigeria’s Minister of Interior, revealed plans to revolutionize international air travel experiences through digitization. By introducing cutting-edge measures…
Supreme Court Convenes Panel to Hear Presidential Election Appeals in Nigeria
The Supreme Court of Nigeria has established a seven-member panel of justices to consider appeals filed by three presidential candidates…
EU Commits 150 Billion Euros to Infrastructure Projects in Nigeria
The European Union (EU) has unveiled its Global Gateway Initiative, pledging to disburse 150 billion Euros by 2027 to Nigeria…
Historic Milestone: US Oil Poised to Lead as Largest Export in 2023
For the first time ever, the United States is on track to make oil its foremost export good, underlining the…
Global Hunger Index Highlights Worsening Hunger Levels in Nigeria
Nigeria is one of nine countries anticipated to experience a deteriorating hunger situation in the coming year, according to the…
Challenges Loom Over Nigeria’s Ambitious 2024 Budget Revenue Targets
Nigeria faces a daunting task in generating the revenue needed to support its proposed N26.01 trillion budget for 2024. This…
Nigeria and EU Ink €900 Million Deal for Development Projects
The Federal Government of Nigeria has entered into a substantial financial agreement with the European Union (EU) to fund a…
Navigating Ghana’s Eurobond Restructuring: Insights from AXA Mansard
In a recent report from AXA Mansard, Ghana’s Finance Minister, Ken Ofori-Atta, unveiled the indicative terms for the country’s Eurobond…
FEDA Invests in Cabinda Oil Refinery in Angola
The Fund for Export Development in Africa (FEDA), an impact investment subsidiary of Afreximbank, has invested in the Cabinda Oil…
Oasis Capital Ghana Announces Successful Exit from Legacy Girls College
Oasis Capital Ghana, an SME growth equity investor in West Africa, has announced its successful exit from Legacy Girls College…
Alitheia IDF Invests $5 Million in South African Woman-Owned Textile Company, IVILI Group
Alitheia IDF, Africa’s first dedicated gender-focused investing Private Equity Fund, has invested $5 million in IVILI Group, a South African…
Nigeria Calls for Support of Proposed Global Tax Convention
Nigeria has urged Member States to back the proposed resolution for a global Tax Convention aimed at establishing a more…
Nigerian Financial Stocks See Consecutive Gains
The Nigerian Exchange Limited experienced its second consecutive day of gains, driven by investor interest in financial institution stocks. The…
Foreign Investors Expected to Shy Away from Nigeria in 2024 Due to Economic Uncertainties
According to experts at the 2023 African Economic and Capital Markets Conference, foreign investors may continue to steer clear of…
Former Minister Accuses Diesel Suppliers and Generator Dealers of Sabotaging Power Supply in Nigeria
Barth Nnaji, a former minister of power in Nigeria, has alleged that diesel suppliers and generator dealers are sabotaging efforts…
Naira Strengthens at Official Market, But Hits All-Time Low of N1,100/$ in Parallel Market
The naira experienced a 6.77 percent gain against the dollar at the official market, despite decreased liquidity. At the close…
Nigeria’s Inflation Trends and Factors Driving Them
Nigeria’s inflation rate has continued to rise, reaching 26.72% in September, with food inflation hitting a record high of 30.64%.…
Nigeria’s Emergence as a Hub for Pharmaceutical Manufacturing
Nigeria is poised to become a hub for Active Pharmaceutical Ingredients (API) manufacturing by early 2024, thanks to a private-sector…
RevRoad Capital Raises $61 Million Debut Fund to Boost Early-Stage Startups in Utah
RevRoad Capital, an affiliate of venture services firm RevRoad, has successfully raised $61 million for its inaugural fund. Based in…
Nigerian Farmers Express Frustration over Lack of Progress Following Food Security Emergency Declaration
Despite President Bola Tinubu’s declaration of a state of emergency on food security in July, farmers in Nigeria report a…
High Ship Berthing Costs in Nigeria Contribute to Soaring Petrol Prices
The cost of berthing a petrol-laden ship in Nigeria is substantially higher compared to its West African counterparts, significantly impacting…