Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak
The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P) market, which is…
Year: 2024
Nigeria to Launch Passport Application Automation, Review Immigration Policy
The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application automation process in Nigeria, scheduled to…
Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing in South Africa
Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in Divercity Urban Property Group.…
Saudi Arabia’s Center3 Acquires CMC Networks for Regional Growth
Center3, a wholly owned subsidiary of Saudi Arabia’s stc Group, has finalized an agreement to acquire CMC Networks, a prominent…
Swedfund Invests USD 32 Million in Apis Growth Markets Fund III to Drive Digitalization and Innovation in Africa and Southeast Asia
Swedfund, Sweden’s development finance institution, has invested USD 32 million in Apis Growth Markets Fund III. The fund focuses on…
Ampersand Raises USD 19.5 Million for Electric Motorcycle Expansion in Africa
Ampersand, Africa’s pioneer in electric transport energy, has successfully raised $19.5 million in a funding round led by Ecosystem Integrity…
IFC Invests $50 Million in EMIF II Fund to Address Infrastructure Gaps in Asia and Africa
The International Finance Corporation (IFC), a member of the World Bank Group, has committed a $50 million equity investment in…