Real Time Financial News Website
American private equity fund Everstrong Capital has bought a majority stake in SealTowers Limited. SealTowers Limited is a Kenya-based independent provider of cell towers founded five years ago. The deal…
African mobility fintech and Uber’s vehicle supply partner, Moove has secured a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa The funding represents the sixth investment…
The Kigali International Financial Centre has launched a $50 million first and only Fintech-focused Africa Fund. Backed by MyGrowthFund Venture Partners, the fund will focus on fintech companies with proven…
The Nigerian Exchange Limited (NGX) says it will set up a technology board to attract more listing from the tech sector. Temi Popoola, chief executive officer (CEO), NGX, disclosed this…
Oil and gas experts in the sector have allayed fears suggesting that the country may not meet its production output quota. This follows the explosion that rocked the Trinity Spirit…
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in the populous nation, clearing the way for Safaricom #ticker:SCOM to…
The Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration to propagate the gospel of compulsory insurance among Nigerians. The…
Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest $20 million for a significant minority stake in Nerhadou International for Pharmaceuticals and Nutraceuticals, according to…
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be attributed to the growth in online social sellers in the…
Four indigenous oil and gas firms have indicated an interest in the acquisition of Shell Petroleum Development Company multibillion-dollar stake in a joint venture that operates oil fields. This is…
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage…
M&G is acquiring a majority stake in impact investing firm responsAbility Investments, M&G said Thursday in a news release. Zurich-based responsAbility has $3.7 billion in assets under management. It focuses…
South Africa’s Metier Private Equity plans to merge with Catalyst Principal Partners, a Kenya-based manager. Both firms said on Wednesday, combining resources to form a stronger pan-African player. Emerging and…
Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad. According to the report, the new iPhone will be…
Aliko Dangote, Africa’s richest man in the last 8 hours has raked in N217.5 billion($523M) jumping to become the 91st richest man in the world. According to Bloomberg index, Dangote…
The Federal College of Agriculture, Akure, Ondo State, has trained 200 unemployed graduates and youths in modern techniques of agriculture and agriculture value chains. It was gathered that the trainees…
The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the Central Bank of Nigeria have revealed. The reserves dropped to…
Nigeria’s four major aviation unions on Wednesday vowed to ground activities in the sector from Tuesday, February 8, 2022 The unions said this over the failure of the Federal Government…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the FG has paid bridging claims amounting to N22.7bn to transporters of petroleum products. The NMDPRA said the government would…
The Coca-Cola Hellenic Bottling Company has unveiled its Global Sustainability Challenge as part of efforts to advance a circular economy and accelerate its ‘World Without Waste’ agenda. The Chief Executive…
An ad hoc committee set up by the House of Representatives to investigate estate developers in the Federal Capital Territory has decried the high rate of breaches and infringement on…
President Buhari approved some security agencies to access the database of the National Identity Management Commission in the course of carrying out their duties. As a result, the Minister of…
Saudi Arabia sets to improve communication services for the yearly pilgrimage and promise the best tech experience as the country is increasing its investments in information and communications infrastructure. Saudi…
Aviation workers have notified airlines of their withdrawal of air travel services from February 8 in protest against poor welfare and non-release of the agreed conditions of service Air Transport…
The Infrastructure Concession Regulatory Commission (ICRC) says the federal government will generate over N50 billion from the 30-year concession of the Onitsha River Port. In a statement on Thursday, Manji…
The African Development Bank President Akinwumi Adesina says the emergence of technology has brought transparency in the use of public funds and boosted food security. Adesina said this on Wednesday…
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20…
Facebook sees first-ever drop in daily active users as owner Meta takes $200bn share hit Facebook’s parent firm Meta on Thursday lost over $200 billion in stock value — comparable…
Kingsley Chima, chairman, house of representatives ad-hoc committee, says the committee is working to finalise the transfer of assets of the defunct state-owned oil firm to the new Nigeria National…
Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more than just the next frontier for social media. “The metaverse…