Investor-Founder Disconnect Poses Major Threat to African Tech Funding
A recent report from Wimbart, a PR agency specializing in tech and startup sectors across Africa and emerging…
TraditionData Expands Global Fixed Income Offering, Now Covers Over 20,000…
TraditionData, the market data and intelligence division of Compagnie Financière Tradition, has extended its…
Pan-African Fund Managers’ Association (PAFMA) Launched to Foster Alternative…
The Pan-African Fund Managers’ Association (PAFMA) was inaugurated in Nairobi, Kenya during the Africa Climate…
Valu Successfully Closes EGP 922.3 Million Securitized Bond Issuance in…
Valu, a leading financial technology provider in the MENA region, has announced the successful completion of its…
Joliba Capital Raises €55 Million in First Close of Joliba Fund I, Backed by IFC,…
Abidjan-based private equity firm Joliba Capital has achieved the first close of its Joliba Fund I, securing €55…
Tana Africa Capital Exits Investment in IEG, Facilitating Acquisition by…
Tana Africa Capital has successfully exited its investment in IEG, a network of schools operating in Morocco and…
Emata Secures $2.4 Million Seed Funding to Expand Digital Agri-Loan Offering in…
Emata, an agricultural finance solution for East African farmers, has successfully raised $2.4 million in seed…
China’s Central Bank Cuts Reserve Ratio to Boost Liquidity and Support…
The People's Bank of China (PBOC) has announced a 25 basis points reduction in the reserve requirement ratio (RRR)…
Biden to Address Impact of Federal Budget Cuts and Government Shutdown in Economic…
U.S. President Joe Biden is set to deliver a major economic speech addressing the consequences of federal budget…
IMF Warns of Rising Debt in Low-Income Developing Countries (LIDCs) as Global Debt…
The International Monetary Fund (IMF) has highlighted the alarming debt levels in Low-Income Developing Countries…
Global Debt Skyrockets to $235 Trillion, With US and China Accounting for Half
The world's total debt has surged to a staggering $235 trillion, with the United States and China contributing a…
Nigeria’s Telecom Sector Relies Heavily on Imports, New Report Reveals
A recent report from the Nigerian Communications Commission (NCC) highlights that a significant 84% of equipment…
Private Employers Caution Against Impending Nigerian Labour Congress Strike
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress…
42 Companies Awarded Flare Sites in Nigerian Gas Flare Commercialisation Programme
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded flare sites to 42 companies operating in…
Naira Dips Further, Closes at 950/$ at Parallel Market
The naira's value against the dollar took another hit as it closed at 950/$ in the parallel market, further…
Fidelity Bank Seals 100% Acquisition of Union Bank UK in Global Expansion Move
Fidelity Bank Plc has successfully acquired a full stake in Union Bank UK Plc (UBUK), marking a significant step…
Nigeria’s Oil Production Falls Short of OPEC Quota Despite Rising Prices
Despite a surge in oil prices, Nigeria's production remains below its OPEC quota. Brent Crude reached $92.28 per…
Nigerian Stock Market Records N757 Billion Loss Due to FTSE Downgrade
Investors in the Nigerian Exchange Limited (NGX) have faced losses of N757 billion over two days following the…
Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian…
Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks…
Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian…
Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks…
Flutterwave to Invest $50 Million in Kenya, Awaits Regulatory Approval for…
Nigerian fintech company Flutterwave is preparing a $50 million investment in Kenya as part of its efforts to…
Nigeria Has Over 60 Different Taxes, Many Burden the Poor – Expert
According to Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms,…
Nigeria’s Pension Assets Surge to N17.01 Trillion, 10.03 Million Subscribers…
As of July 2023, Nigeria's pension assets have risen to N17.01 trillion, showcasing a significant increase from…
Apple Retires Lightning Connector, Embraces USB-C with iPhone 15 Launch
Apple has officially bid farewell to its iconic Lightning connector, which was introduced 11 years ago. The new…
Nigerian Stock Market Loses N757 Billion in Two Days Following FTSE Russell…
Investors on the Nigerian Exchange Limited (NGX) have suffered a loss of N757 billion within two days after the…
Nigeria’s Equities Market Sees Continued Sell-Offs, Investors Book N293…
Nigeria's equities market continues to experience a negative trend, with more investors opting to sell their…
Nigeria Faces Threat to 2023 Budget as Crude Oil Output Falls by 470,000 Barrels…
The implementation of Nigeria's 2023 budget, set at N21.8 trillion, is at risk due to a shortfall in crude oil…
United Bank for Africa (UBA) Records Exceptional Half-Year Performance, Profits…
United Bank for Africa (UBA) Plc, often referred to as Africa’s Global Bank, has reported remarkable financial…
Google Defends Search Engine Dominance in Monopoly Trial
Google has responded to claims that it holds its position as the world's largest search engine through illegal…
Ukraine Launches Missiles and Boats in Attack on Russia’s Crimea
Ukraine has reportedly launched ten missiles and three unmanned boats in an attack on Russia's Black Sea fleet in…