Nigeria to join forces with Egypt to improve electricity supply

The two countries were in talks last year over forming a collaboration in the area of power generation Abubakar Aliyu, Nigeria's Minister of Elec

Shinsei Bank requests Sony for help to counter SBI's takeover offer

Shinsei Bank, a leading diversified Japanese financial institution, has reportedly requested Sony Group Corp. to assist it in countering a takeover pr

Nigerian firm Releaf raises $4.2Mn to expand its food processing tech

Releaf, a Nigeria-based agriculture technology start-up, has reportedly secured an investment of $2.7 million in seed funding. The company is seemingl

South Africa shows interest in hosting FIFA Club World Cup in December

South Africa is reportedly shown interest in hosting the next FIFA’s Club World Cup in December 2021. The news comes after Japan, which recently

Climate change could force around 200Mn people to migrate by 2050

A World Bank report published recently states that in the next three decades, climate change might force more than 200 million people to leave their h

Africa’s USD 1.19 Bn fund receives USD 26.5 Mn from Nigerian startups

Nigeria has been a popular location for venture capital in the recent past. The country added USD 26.5 million to Africa's USD 1.19 billion amasse

Fossil fuels must stay underground to tackle climate change: Scientists

Researchers have recently advised that about 90% of coal reserves and 60% of oil and gas reserves must be kept underground to keep global warming belo

Prospa bags $3.8M to offer banking & software services to small firms

Nigerian fintech startup Prospa has reportedly closed a $3.8 million pre-seed round with a strong determination to change the way micro-businesses are

African fintech Wave bags USD 200 million in a Series A funding round

Wave, an African company that specializes in providing mobile payment solutions has reportedly secured USD 200 million in a Series A funding round led

Autochek buys Cheki Kenya and Uganda to expand presence in East Africa

Autochek, a Nigeria-based automotive technology entity, has taken over Cheki Kenya and Uganda from ROAM (Ringier One Africa Media) for an anonymous su

Rack Centre, PwC to hold webinar for Africa’s digital transformation

Rack Centre, West Africa’s Carrier Neutral Tier III Data Centre, and PwC, a professional services firm, have collaborated to explore ways to lev

Medical groups warn against the use of Ivermectin to treat COVID-19

Prominent medical and pharmaceutical groups have reportedly warned against the use of Ivermectin to treat coronavirus patients. Ivermectin is a drug u