Everstrong Capital acquires majority stake in Kenyan tower company
American private equity fund Everstrong Capital has bought a majority stake in SealTowers Limited. SealTowers Limited is a Kenya-based independent…
Author: akintunde
NBK Capital chooses Moove for fund manager’s first Africa investment
African mobility fintech and Uber’s vehicle supply partner, Moove has secured a $10 million financing facility with Uber’s exclusive vehicle…
New Fintech Fund for Africa announced by KIFC
The Kigali International Financial Centre has launched a $50 million first and only Fintech-focused Africa Fund. Backed by MyGrowthFund Venture…
Nigerian Stock Exchange Will Set Up Technology Board To Attract Start Up
The Nigerian Exchange Limited (NGX) says it will set up a technology board to attract more listing from the tech…
Explosion: No fears on Nigeria’s oil output
Oil and gas experts in the sector have allayed fears suggesting that the country may not meet its production output…
Ethiopia Shields M-Pesa From Licence Freeze
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in…
CIIN Assures NCRIB Of Partnership On Driving Compulsory Insurances
The Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration…
Affirma And StonePine Back Egypt’s Nerhadou International
Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest $20 million for a significant minority…
Brimore’s Series A Backed By New And Returning Investors
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be…
Seplat, Sahara Group, others bid to buy Shell’s joint venture assets in Nigeria
Four indigenous oil and gas firms have indicated an interest in the acquisition of Shell Petroleum Development Company multibillion-dollar stake…
Ezdehar’s Second Fund Blasts Past Goals For First Close
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million…
Money Manager Takes Control Of Impact Investor ResponsAbility
M&G is acquiring a majority stake in impact investing firm responsAbility Investments, M&G said Thursday in a news release. Zurich-based…
Metier And Catalyst Combine To Boost Pan-African Reach
South Africa’s Metier Private Equity plans to merge with Catalyst Principal Partners, a Kenya-based manager. Both firms said on Wednesday,…
Apple To Unveil Low Cost 5G IPhone March
Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated…
Nigeria: 200 Unemployed Graduates Received Training In Modern Agriculture From FECA
The Federal College of Agriculture, Akure, Ondo State, has trained 200 unemployed graduates and youths in modern techniques of agriculture…
Nigeria External Reserves Slides To Four Months Low At $39.98bn
The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the…
Aviation unions vow to ground flights February 8 over minimum wage, others
Nigeria’s four major aviation unions on Wednesday vowed to ground activities in the sector from Tuesday, February 8, 2022 The…
FG Pays Fuel Transporters N22.7bn Bridging Claims
The Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the FG has paid bridging claims amounting to N22.7bn to…
Coca-Cola HBC unveils sustainability challenge for startups
The Coca-Cola Hellenic Bottling Company has unveiled its Global Sustainability Challenge as part of efforts to advance a circular economy…
Reps panel accuses developers of duping subscribers, flouting regulations
An ad hoc committee set up by the House of Representatives to investigate estate developers in the Federal Capital Territory…
NIN-SIM linkage: Security agencies get Buhari’s nod to access subscribers’ details
President Buhari approved some security agencies to access the database of the National Identity Management Commission in the course of…
Saudi Arabia deepens 5G infrastructure for pilgrims
Saudi Arabia sets to improve communication services for the yearly pilgrimage and promise the best tech experience as the country…
Poor welfare’: Nigeria Aviation unions to embark on strike Feb 8
Aviation workers have notified airlines of their withdrawal of air travel services from February 8 in protest against poor welfare…
ICRC: FG to earn N50bn from Onitsha River Port concession
The Infrastructure Concession Regulatory Commission (ICRC) says the federal government will generate over N50 billion from the 30-year concession of…
Akinwumi Adesina: Technology has improved food security, transparency in use of public funds
The African Development Bank President Akinwumi Adesina says the emergence of technology has brought transparency in the use of public…
Mark Zuckerberg Lost $29 Billion After Facebook Users Reduce For The First Time
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge,…
Meta Loses Over $200 Billion In Value
Facebook sees first-ever drop in daily active users as owner Meta takes $200bn share hit Facebook’s parent firm Meta on…
Nigeria: House Of Rep Ad-Hoc Committee Is Set To Transfer Assets Of Defunct NNPC
Kingsley Chima, chairman, house of representatives ad-hoc committee, says the committee is working to finalise the transfer of assets of…
Qualcomm CEO Says Metaverse Is Beyond Social Media
Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more…