Africa's richest man, Aliko Dangote, the Chairman of Dangote Group, has partnered with some billionaire investors in the United States to provide $500 million in funding specifically for developing Af...
Nigerian Exchange Limited (NGX) says it’s planning to admit the Nigeria Infrastructure Debt Fund (NIDF), which is a N200 billion public infrastructure investment fund by Chapel Hill Denham.The NGX, ...
South Africa's leading fintech company, Stitch, recently announced it has raised $25 million in an extension round of fundraising led by global fintech investor Ribbit Capital. This has brought Stitch...
Paystack, one of the top Nigerian fintech companies, recently introduced virtual terminals to help merchants receive payments through bank transfers. Before now, Paystack operated on physical ter...
The federal government focuses on boosting the telecommunications industry, as it believes that the sector will increase its revenue by 100% between 2023 and 2027.The Minister of Communications and Di...
Records show that Nigerian banks have borrowed N12 trillion from the Central Bank of Nigeria (CBN) in the past eight months. The CBN data showed that money borrowed from the apex bank from January to ...
Visa, which is considered one of the largest payment platforms globally, is taking a close look at AI as it plans to set up new funds to invest in generative AI ventures.On October 2, 2023, Visa annou...
The Nigerian Stock Exchange (NGX) All-Share Index gained 29.52% to close at 66,382.14 index points in Q3 2023. This growth has pushed the market to its 15-year high based on strong positive sentiments...
Billionaire Elon Musk's satellite company, Starlink, is set to collaborate with e-commerce company Jumia Technologies AG to widen its satellite broadband services across Africa.Jumia, alongside its pa...
The parent company of First WATT Renewables Limited, WATT Renewable Corporation, has signed a $13 million deal with Empower New Energy to reduce diesel use in powering telecommunications infrastructur...