Fidelity, Visa And Kingsway Back South African Fintech JUMO In $120M Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised…
Category: Africa
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4 Million Series A Funding, Embarks On Expansion Drive
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as…
Eight PFAs Meet N5 Billion Capital Requirement
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it…
CBN Urges Nigerians To Embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital currency. The Director Corporate Communications…
Toshiba Says It Plans To Split Into Three Firms, Rejects Calls To Go Private
Japanese industrial conglomerate Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two…
Twitter To Launch Dedicated Crypto Team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is setting up a team dedicated…
YouTube Hides Dislike Counts To Protect Creators
In an attempt to make the YouTube platform more hospitable to creators, the virtual content creator platform will no longer…
Dangote’s $500M Cement Refinery At Ethiopia Endangered As Rebel Forces Close In
A cement refinery in Ethiopia belonging to Dangote Group risks being damaged in the ongoing conflict by Tigray rebels and…
Meta And Microsoft Announce Partnership To Integrate Workplace And Teams
Meta, the company formerly known as Facebook, on Wednesday announced a partnership with Microsoft that will allow customers to integrate…
Meta To Delete Ads Capable Of Fueling Negative Experience Across Its Platforms
Meta, the parent company that oversees Facebook, Instagram and Messenger has reinforced commitment to protecting underrepresented groups across the three platforms.…
Nigeria Holds 29% Africa’s Total Oil Reserve – OPEC
The Organization of Petroleum Exporting Countries (OPEC) has said Africa’s proven oil reserves reached 126 billion barrels in 2019, with…
‘You’ve Been Inconsistent’ — BudgIT Asks NBS To Publish Data On FAAC Disbursement
BudgIT Foundation, a civic-tech organisation, has called on the National Bureau of Statistics (NBS) to publish data on FAAC allocations…
Aviation Fuel Price Rises By 70%, International Airlines May Raise Fares
The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with…
Naira Gains 3.6% To Trade N540/$1 At Parallel Market
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central…
Senate Approves Buhari’s $16 Billion, €1 Billion Loan Requests
The upper legislative chamber also approved grant components of $125 million. The president had requested the facilities in an addendum…
Billionaire Aliko Dangote’s Net Worth Rises To $19.2bn From $17.8bn In August
Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2…
P&G Nigeria Gets New MD
Procter & Gamble has appointed Mokutima Ajileye as the Managing Director for the Nigeria market. According to a statement by…
Johnson & Johnson Wins Reprieve Over $465M Opiod Judgment
The Oklahoma Supreme Court on Tuesday overturned a $465 million judgment against Johnson & Johnson in a lawsuit by the…
Twitter Expands Subscription Service To U.S., New Zealand
Twitter Blue subscribers can read articles from publications like the Washington Post, USA Today and Reuters without ads. A portion…
Facebook Gives Estimate Of Bullying, Harassment On Its Platforms For First Time
Facebook for the first time on Tuesday disclosed the prevalence of bullying and harassment on its platform, saying such content…
Cititrust Holdings Sells 100% Stake In Nigerian Subsidiary
Cititrust Holdings Plc has announced its strategic decision to divest its 100 per cent holdings in Cititrust Financial Services Plc…
Visa, Kuda Partner To Issue Physical, Virtual Cards
Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and physical Visa cards…
Facebook Plans To Remove Thousands Of Sensitive Ad-Targeting Options
Facebook said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based…
Africa’s 125.8bn Crude Oil Reserves Slump by 500m Barrels in 2021
The 125.8 billion crude oil reserves owned by 17 African countries have depleted by about 500 million barrels this year…
Mobile Money Service Approval Sends MTN Nigeria Shares Up 9.34% To All Time High
Shares of Nigeria’s second biggest listed company MTN Nigeria MTNN.LG rose 9.34% to an all time high on Monday after…