FMN, Honeywell Flour Mills Merge Under N80billion Shares Transfer Deal
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited On Monday announced that they have signed an agreement for…
Category: Investing
Leadway Pensure’s Shares In First Bank Belong To RSA Holders – PenCom
Funds invested in First Bank Holdings Ltd (FBNH) by Leadway Pensure Ltd belong to retirement savings account (RSA) holders, the…
Aruwa Capital Invests In Pngme
Aruwa Capital Management, an early-stage growth equity and gender lens fund, has invested in Pngme, a Nigerian financial technology company.…
VoxCroft Analytics Raises Series A From Knife Capital
VoxCroft Analytics, an open-source intelligence and risk analytics venture with operations in South Africa and the US, said Thursday it…
Chinese Internet Giant Tencent Invests In Fintech OZOW’s Series B
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of…
Amethis’s MENA Fund II Buys Minority Stake In Tarjama
Africa-focused private equity firm Amethis said Tuesday it has made its second investment from the new fund that invests in…
AfDB Approves $150m To Support Agriculture In Africa
The African Development Bank Group has approved a $150m facility for ETC Group Limited to address the working capital requirements…
BoI Offers Funding Opportunities For Startups
The Bank of Industry has unveiled new funding opportunities for tech startups with creative solutions to problems faced by Nigerians.…
Bitcoin Needs To Drop 80% Before Marathon Loses Money On Mining
Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest crypto mining…
Text-Checking Software Maker Grammarly Is Worth $13 Billion In Latest Funding Round
Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that…
Bitmama Launches Programme For Youths Interested In Blockchain Technology
Bitmama, a Nigerian fintech startup, has launched a programme to help young people transition into the blockchain ecosystem. Tagged, ‘Bitmama…
Ardova Issues N25.3bn Bonds, Completes Enyo’s Acquisition
Ardova Plc has issued N25.3 billion fixed-rate bonds to fund its expansion project in the downstream petroleum sector of the…
South African Payments Gateway Ozow Raises $48M Series B Led By Tencent
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them…
Reps Probe Alleged Fraud Of W’Bank Funds For Assets Insurance
The House of Representatives has urged the Federal Ministry of Finance, Budget and National Planning, the National Insurance Commission and…
How Euro-Area Inflation Could Overshoot 2% In 2023
European Central Bank Governing Council member Pierre Wunsch just said that it “won’t take much” for euro-area inflation to hit…
US Launches Project To Empower 300 Osun Schoolgirls
The United States Consulate General has launched a project aimed at empowering 300 high school girls in Osun State to…
FMDQ Lists MTN Nigeria’s N110bn Bond
FMDQ Securities Exchange Limited has agreed to list MTN Nigeria’s N110 billion series 1 senior unsecured fixed rate bond. Karl…
$6b Bolt Shuns American Market, Focuses On Nigeria, Africa
America may arguably be the most stabilised economy by many indices, but $6b-valued ride-hailing company, Bolt is not playing in…
UNICEF, Jumia Plan Internet For Nigerian Schools
The United Nations Children’s Fund and Jumia, an African e-commerce platform, have partnered in support of Giga’s work in Nigeria…
Large-Cap Stocks Drag Market Lower, Investors Lose N11.83bn
The Nigerian equities market started the week on a negative note as declines in some large-cap stocks saw the market…
Insurance Firms Rake In N2.1tn Premiums In Five Years – Report
Nigerian insurance companies earned a total gross premium of N2.1tn between 2016 and 2020, according to figures obtained from the…
Burger King Parent Restaurant Brands International Buys Firehouse Subs For $1 Billion
Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit deals, has inked a debt…
Oikocredit Makes Debt Investment In Senegalese Microlender CMS
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de Credit Mutuel…
MFS Africa Raises $100m For Massive Expansion Across Africa
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt financing round. The fundraising…
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…
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…
Telenor And Google Cloud Partner Up To Digitalise Telecom Operations
Telenor and Alphabet Inc’s Google Cloud have formed a partnership to digitalise the Norwegian telecom company’s global operations and are exploring ways…
FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month. A circular by…
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to apply for affordable…