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Investing
Google chooses SafeBoda for Africa fund’s first deal
Google’s first investment from its Africa Investment Fund has gone to SafeBoda, a transport startup with operations…
Nigeria: FG projects 233% increase in FDI, eyes $5bn
Nigerian FG has said it will increase Foreign Direct Investment into Nigeria from $1.5bn in 2022 to $5bn by 2025…
Nigeria Finance Act: Investors To Pay 10% Tax On Sale Of Shares In Any Nigerian…
Investors on the Nigerian Stock Exchange are to pay a Capital Gains Tax of 10% on the sale of shares. This is …
Dubai’s Global Ventures Close To Raising $100 Mln Target For Second Fund
Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments…
Alitheia IDF Hits Target With Gender-Lens Fund’s Final Close
The management of Alitheia IDF (AIF), Africa’s women-led and women-focused private equity fund. It announced the…
With 200 Deals, Nigeria Tops List Of Beneficiaries Of $5bn Investments
Nigeria tops the list of African countries that benefitted from the $5 billion raised by Africa’s technology…
Seven Companies Delist, Three Lists On NGX In 2021
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid…
The World’s Largest Crypto Exchange Binance Is Trying To Woo France
Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny.
The…
Starboard Acquires Stake Worth $800 Mln In GoDaddy
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800…
Didi Bars Employees From Selling Shares Indefinitely
Chinese ride-hailing giant Didi Global has barred current and former employees from
Employees will not be able to…
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official…
Investors Record N260bn Weekly Gain As 32 Stocks Rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of trading…
Online Learning Platform Raises $3.5m Pre-Seed Funding
Edukoya, an online learning platform, says it has raised $3.5m in pre-seed round to enable its live launch in 2022.…
Google Announces Investment In Tech Startup
Google has announced its first investment from its Africa Investment Fund in SafeBoda, a tech firm that operates in…
China Mobile To Raise Up To $8.8 Bln In Shanghai Listing
China Mobile the world's largest mobile network operator by total subscribers, said on Tuesday it aims to raise up…
Access Bank’s Shareholders Approve Proposed Holdco Structure
Shareholders of Access Bank Plc have given the nod for the bank to proceed with its proposed restructuring into a…
FEC Okays Startup Bill ‘To Provide Enabling Environment’ For Entrepreneurs
The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for…
Lack Of Seamless Access To Forex May Delay 5G Rollout
The Chairman, ALTON, Gbenga Adebayo, had disclosed at the NCC’s 2021 board and management retreat in November that…
MTN Shares: Shareholders Call For Extension
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange…
Elon Musk Sells More Tesla Shares
SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around…
Steelpack Deal Makes Two For Vuna Partners’ Maiden Fund
Vuna Partners, a sector-agnostic mid-market private equity firm which recently hit another milestone for its maiden…
B Investments Makes First Deal For New Healthcare Platform
B Investments Holding announced the establishment of B Investments in Healthcare, with a licensed capital of LE 1…
RMB Teams Up With ZX Ventures To Back Non-Alcoholic Drinks Firm
South African financial services firm Rand Merchant Bank (RMB) has picked up an equity stake in The Duchess,…
African Edutech Startup Raises $15 Million In Series-B Round
uLesson, African edutech startup, has secured a $15 million Series-B investment from global investors to expand…
Berlin Based Grocery Delivery Start-Up Raises $750m In Financing Round
Grocery delivery start-up Flink has raised $750 million in an additional funding round, it said on Friday, giving…
Chinese Ride-Hailing App Didi To Delist From New York Stock Exchange
Following months of speculation, Chinese ride-hailing app Didi announced last week that it would delist from the…
Equinix Acquire MainOne In $320m Deal
Equinix, Incorporated has announced that it is acquiring MainOne in a $320m deal that is set to be sealed in the…
VAT Generated Decreased By N11.75 Billion In Q3
The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three…
Beneficiaries Of Tony Elumelu Foundation Get Insurance Plan From HIL And HLA
Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have extended simple insurance plans to the…
Chinese Startup SenseTime To Raise $767 Million In Hong Kong IPO
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong…