Helios Invests Expansion Money in IXAfrica.
Helios Investment Partners, the top private investment company with an emphasis on Africa, and IXAfrica Data Centre Limited, a leading…
Category: Market
Quona Capital Closes a $332 million Fund to Finance Fintech Businesses in Developing Nations.
Quona Capital, a venture capital firm, has announced that Fund III, its third fund, has reached its final closure at…
To Further its Worldwide and African Development, Yassir Gets $150 million in Series B.
Yassir, an Algerian super-app with a San Francisco headquarters that provides financial and on-demand services, has concluded a $150 million…
Buyoya Promoted to be IFC’s Regional Director for West Africa.
Olivier Buyoya has been appointed as the new regional director for the International Finance Corporation (IFC) in West Africa. Buyoya,…
Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into Account.
In order to extend loans at an acceptable price, the Central Bank of Kenya (CBK) has urged lenders to take…
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla (TSLA. O) CEO will…
In October, Inflation Reached 40.4% In Ghana.
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion Liability.
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the Healthcare Field in Africa.
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its subsidiary CFAO SAS (“CFAO”) has founded Health54 SAS (“H54”), a corporate venture…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV) potential, private equity company RMB…
Financial Watchdog Investigates Sportsbet and Bet365 on Grounds of Money Laundering.
On the grounds that Sportsbet and Bet365 may not have complied with anti-money laundering regulations, the Australian Financial Crime Watchdog…
In View of a Severe Labour Shortage, Canada Announces an Immigration Plan.
Currently, Canada anticipates bringing in 465,000 new permanent residents in 2023, up 4% over the prior goal, and 485,000 in…
CMA Supports the Return of Investments in Mobile Bonds.
The M-Akiba bond, on the other hand, which was tested in April 2017, only required a minimum investment of Sh3,000,…
NNPC and Addax Enter an Agreement to Resolve a License Issue.
To resolve the conflict over Oil Mining Leases 123/124 and 126/137, the Nigerian National Petroleum Company Limited and Addax Petroleum…
International Brewery Estimates a Rise in Sales to N49billion in the Third Quarter of 2022.
The third quarter results for International Breweries Plc have been released, and they indicate a record 5. 6% increase in…
In the Persian Gulf, Iran’s IRGC Intercepts a Foreign Fuel Tanker.
Iran’s military has detained a tanker flying a foreign flag on suspicion of engaging in unlawful smuggling activities. According to…
Ukraine has Reported Airstrikes on Critical Infrastructure.
Ukrainian officials reported Russian strikes on vital infrastructure; with one official reporting that 40 missiles had been spotted in the…
Lula Defeats Bolsonaro to Retake the Presidency of Brazil.
The leftist Worker’s Party candidate Luiz Inacio Lula da Silva beat incumbent President Jair Bolsonaro; this is according to the…
Nigeria Immigrants to Canada Ranks Fifth Overall.
According to the country’s 2021 census, Nigeria is one of the top 5 countries of birth for recent immigrants to…
Buhari Plans to Trade with South Korea for over $1.3billion.
President Major General Muhammadu Buhari (retd) invited top Korean business executives to increase their investments in Nigeria in Seoul; saying…
Guinness Nigeria Stockholders will Get a Dividend of N15.639billion.
Guinness Nigeria Plc shareholders, who own 50 shares of the UK-based Diageo Plc subsidiary, approved a proposed dividend pay-out of…
According to Reports, Musk Intends to Finalize the Twitter Deal.
In a video conference call with bankers who are helping to finance the deal, Elon Musk promised to close his…
Adidas Cuts Ties With Kanye West Due to Antisemitism, Reducing His Net Worth to $400 Million.
After Mr. Wests debut, a “White Lives Matter” T-shirt design at Paris Fashion Week, Adidas’ Yeezy brand relationship with him…
The Effect of Nigeria’s Manufacturing Sector on Economic Growth.
Production is a phrase that many academics use to refer to manufacturing. According to Sloman (2016), there are three economic…
According to Gas Boss, Ukraine is Headed for the “Worst Winter Ever.”
Winter in Ukraine will be the coldest it has ever been, and it will be distinguished by persistent outages,; According…
Russia Alerts the US and UK to Ukraine’s Plans to Detonate a Bomb.
According to the Russian Defence Ministry, Moscow has spoken with London and Washington; the discussion was about the concern that…
The New Prime Minister of the UK is Rishi Sunak.
The Conservative Party of the United Kingdom has elected Rishi Sunak as its new leader. According to a statement made…
Oil Climbs on China’s Fuel Recovery Hopes.
Following a 6.4% decline the previous week, Brent crude futures increased 81 cents, or 0. 88%, to $92.44 per barrel.…
Rising Yields Worsen the Stock Market’s Negative Outlook.
The central bank’s decision to raise interest rates to 15. 50 percent in response to the acceleration of inflation; and…