Local Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak January 2, 2024 Ekemini The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P) market, which is considered the most accessible foreign exchange (FX) market. Weak dollar…
Local Nigeria to Launch Passport Application Automation, Review Immigration Policy January 2, 2024 Ekemini The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application automation process in Nigeria, scheduled to go live on January 8, 2024. This initiative aims to…
Business Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing in South Africa January 2, 2024 Ekemini Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in Divercity Urban Property Group. The investment aims to support the growth of Divercity and…
Business Saudi Arabia’s Center3 Acquires CMC Networks for Regional Growth January 2, 2024 Ekemini Center3, a wholly owned subsidiary of Saudi Arabia’s stc Group, has finalized an agreement to acquire CMC Networks, a prominent provider of networking solutions in Africa and the Middle East.…
Business Swedfund Invests USD 32 Million in Apis Growth Markets Fund III to Drive Digitalization and Innovation in Africa and Southeast Asia January 2, 2024 Ekemini Swedfund, Sweden’s development finance institution, has invested USD 32 million in Apis Growth Markets Fund III. The fund focuses on serving low- and middle-income consumers across Africa, South, and Southeast…
Business Ampersand Raises USD 19.5 Million for Electric Motorcycle Expansion in Africa January 2, 2024 Ekemini Ampersand, Africa’s pioneer in electric transport energy, has successfully raised $19.5 million in a funding round led by Ecosystem Integrity Fund (EIF) and featuring participation from Acumen and Hard Edged…
Local IFC Invests $50 Million in EMIF II Fund to Address Infrastructure Gaps in Asia and Africa January 2, 2024 Ekemini The International Finance Corporation (IFC), a member of the World Bank Group, has committed a $50 million equity investment in the Emerging Markets Infrastructure Fund II (EMIF II), totaling $1…
