Stock Market Rebounds As Investors Gain N23bn
The equities market on the Nigerian Exchange Limited rebounded from the loss recorded on Monday with investors gaining N23.04bn as…
Category: Africa
ECOWAS Fixes January 2025 Deadline For Adoption Of Cleaner Fuels
Member countries of the Economic Community of West African States (ECOWAS) have set a January 2025 deadline for the adoption…
Manufacturers Urge Africa To Tap From AfCFTA
Whitfield, also the president of the Association of African Automotive Manufacturers (AAAM), in a statement, lamented that fewer vehicles were…
Finnfund Backs Telecom Infrastructure Provider With Debt
Finnish development finance institution Finnfund is backing Bandwidth and Cloud Services Group (BCS), a telecom infrastructure provider that operates in…
Pearl Capital Invests Mix Of Debt And Equity In Cassava Processor
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, has committed $2.5 million to Pura Organic…
81% Of Women Entrepreneurs In Middle East, Africa Own Digital Businesses
Despite the gender gap and social challenges, entrepreneurial women across the world and in the Middle East and Africa (MEA)…
FinTech Raises N11.5bn Series ‘A’ Funding To Address Vehicle Financing Gap In Africa
Moove, an African mobility fintech, has raised $23 million Series ‘A’ funding, led by Speedinvest and Left Lane Capital, with…
Singapore To Deepen Investments In Nigeria, Others
Singapore is looking at deepening its economic ties with Nigeria and other West African countries as its enterprises promise to…
The Securities and Exchange Commission (SEC), African Development Bank (AfDB) Commence Implementation Of Risk-Based Supervision Project
The Securities and Exchange Commission (SEC) and African Development Bank (AfDB) have commenced the implementation of the regulatory capacity improvements…
Helios Fairfax Taps Ujiri As Non-Executive Director
Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX:HFPC.U) announces that it has appointed Masai Ujiri as an independent director. Ujiri grew…
Kenya Wapi Pay Secures $2.2m Pre-Seed Round To Ease Payments Between Africa And Asia
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings and Gobi Ventures.…
Naspers Foundry Makes Second Insuretech Deal In Two Weeks
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure due to…
Kuda Valued At $500 Million After Quick Series B
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar ventures…
Huawei Cloud Ranked World’s 5th Largest LaaS Provider
Huawei Cloud IaaS revenue surged by 202.8 per cent, placing it in the top five list of cloud IaaS providers…
Africa’s Most Populous City Is Battling Floods And Rising Seas. It May Soon Be Unlivable, Experts Warn
Lagos, Nigeria (CNN)Cars and houses submerged in water, commuters wading through buses knee-high in floods, and homeowners counting the cost…
Transcorp Hotels Records 84% Revenue Growth
Transcorp Hotels Plc has announced its un-audited financial statements for the half-year ended June 30, 2021. The results published on…
United Kingdom Climate Investment and Foreign Secretary Dominic Africa Back Green Housing Fund’s First Close
Foreign Secretary Dominic Raab today welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to announce £132 million of…
Kasada Leverages Hospitality Fund With Development Finance Institution Debt Facility
Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality investments in Sub-Saharan Africa, today announced that…
Vuna Partners Lands Commitment From Fund-Of-Funds
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South African Government through…
Imperial Strikes Deal For J&J With Carlyle, Ethos, Ninety One, And Others
IMPERIAL Holdings has reached an agreement to buy 100 percent of the J&J Group for an enterprise value of $300…
South African Fintech Startup Yoco Reels In Large Series C From New And Existing Investors
Yoco, a South African based fintech that helps small businesses, has closed an $83 million Series C round taking the…
AgDevCo Backs Banana Estate In Mozambique
AgDevCo, a specialist investor in African agriculture, has struck its second new deal this month by backing a Mozambique agribusiness.…
Emerging Africa Infrastructure Fund (EAIF) Agrees Debt Investment In Ivorian Hydro Project
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) (www.PIDG.org) company, is lending €25 million over 18 years to…
Former President Barack Obama is now a minority owner in National Basketball Association Africa Business
Former President Barack Obama has become a strategic partner and minority owner in the National Basketball Association’s Africa business, which…
Seven African Exchanges Inch Towards Shared Trading
Cross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has signed a contract to roll…
What Would It Take For Nigeria, Others To Manufacture Vaccines?
The rising concerns about global vaccine inequality have raised a critical question about the ability of many countries to protect…
Naira Now Exchange At 522/$1 As Central Bank Of Nigeria Discontinued The Sale Of Foreign Exchange To Bureaux De Change
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN)…
AMCON Takes Over NICON
The Asset Management Company of Nigeria, AMCON, has effectively taken over National Insurance Corporation of Nigeria, NICON Insurance was privatised…
Kenyan Entrepreneur Turns Water Hyacinth Weed Into Cooking Fuel
A project in Kenya is using biogas technology to tackle two major pollution problems with one device: a machine that…