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 team. Sim Shagaya, chief…
Category: Investing
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 the German…
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 New York Stock…
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…
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 beneficiaries of the Tony…
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 initial public…
European Investors Back Kenyan Fintech “ Asilimia” with Equity And Debt
Kenyan fintech Asilimia raised $2 million in pre-seed funding ($1 million equity and $1 million debt), the funding came from various…
Old Mutual Private Equity Signals Proposal To Buy Long4Life
Shares in Long4Life, the company owned by entrepreneur Bidvest founder Brian Joffe, soared in trade on Friday (3 December), on…
Nigeria Stock Exchange Record N589 Billion Loss
The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks recorded price losses.…
Elon Musk Continue With Sale Of Tesla Shares
Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to…
SoftBank Shares Drop By 3 Per cent
Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with…
Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors
Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the…
Europe Gas Pipeline Group “Snam” Acquire 25% Stake In East Mediterranean Gas Company
Europe’s biggest gas pipeline group Snam said on Thursday it had completed the acquisition of a 25% stake in East…
Airtel Nigeria Completes 8.22 Percent Shares Buyback
AIRTEL Nigeria, a subsidiary of Airtel Africa Plc, has completed the 8.22 percent shares buyback from its minority shareholders, amounting…
No Plan To Exit The Nigeria Market- MTN
MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail investors. This came…
MTN Nigeria Begin Sale Of Shares
MTN Group says it will sell up to 575 million shares held in MTN Nigeria at N169 per share to…
Nigerian Stock Exchange Starts On A Downward Move
The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered…
NGX Reopens Negative As Capitalisation Slumps By N20 Billion
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks,…
Dangote Refinery To Become Highest Employer Of Chemical Engineers
The National President of the Nigeria Society of Chemical Engineers has revealed that Dangote Oil Refining Company will be the…
Fintech Crossfin Sold In R1.5-Billion Deal
Crossfin Technology Holdings, a South African fintech investment firm, has been acquired by a consortium of investors, including Patrice Motsepe’s…
African Capital Alliance Provides Equity Portion Of WIOCC’s Capital Raise
WIOCC Holding Company Ltd has raised $200 million in debt and equity capital to expand digital connectivity within Africa and…
UK Regulator Set To Block Meta’s Giphy Deal
The UK competition regulator is expected to block Meta Platforms’ acquisition of online GIF platform Giphy in the coming days,…
We’ve Carried Out Due Diligence In Honeywell Acquisition – Flour Mills
Flour Mills of Nigeria Plc (’FMN”) has assured its stakeholders that the recent announcement by the Group to assume majority…
Investors Lose N71.44bn As Oil, Banking Stocks Decline
Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn at the end of the…
Flour Mills, Honeywell’s Market Capitalisation Jumps By 34%
Two of Nigeria’s largest flour milling companies, Flour Mills of Nigeria Plc and Honeywell Flour Mills Plc, have recorded a…
Agricorp Invests N4bn In Poultry Production
Agricorp International, Nigeria’s agriculture producing, processing and export company, has invested N4bn into acquiring poultry production facilities across three states…
SEC Approves MTN Offer For Sale Of 575 Million Shares
MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer for sale of…
India Announces Bill To Ban Cryptocurrencies
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money,…
Musk Chides Binance CEO On Dogecoin Glitch
Tesla founder Elon Musk on Tuesday delivered a stinging rebuke to Binance Chief Executive Changpeng Zhao on Twitter after the…