Category: Business

Kenya has reportedly unveiled its strategy to enhance economic growth over the next four years, as announced by the finance ministry on Friday. The nation's approach involves directing investments towards the agricultural sector and small enterprises, aiming to generate employment opportunities

Talmix and Khibraty, two prominent marketplaces in the business talent and expertise sectors, have reportedly joined forces in a strategic partnership to revolutionize the way businesses in the MENA region access talent and consulting services. This collaboration addresses the rising demand for spec

Ms. Joana Arthur, the CEO of Mending Papers Company Limited, a paper packaging business, has reportedly urged the government to invest in the paper bag market to protect the nation from environmental degradation brought on by plastic trash. As per sources, plastic garbage of all forms h

Fidelity Bank Plc is reportedly embarking on an expansion plan across multiple African countries following the successful acquisition of the London unit of Union Bank of Nigeria Plc, its rival. Fidelity Bank's CEO Nneka Onyeali-Ikpe revealed that the 35-year-old institution is currently in ne

Amini Corp., a environmental startup, has reportedly raised $2 million in pre-seed funding in a round that was oversubscribed. The funding round was led by Pale Blue Dot, a prominent European Climate Tech fund, with participation from other investors including Superorganism, Emurgo Kepple Ventures,

Qotto, a leading African solar kits provider with operations in Benin and Burkina Faso, has reportedly secured over $8 million in its Series A equity-debt financing round. As per reports, the round was headed by the IBL group, a Mauritius-based billion-dollar conglomerate with business interests in

The Central Bank of Nigeria (CBN) has reportedly extended the deadline for exchanging old banknotes for new ones. Apparently, long queues have formed at some banks as Nigerians scrambled to reach the closing date of Tuesday. Atiku Abubakar, the opposition candidate for the presidency, and Nige

Kwara, a Kenya-based fintech company that digitizes credit unions (saccos), has reportedly doubled its customer base in 2022 and anticipates massive growth in the coming years after obtaining a $3 million seed financing and securing a curated digital solutions distribution deal with Kuscco (Kenya Un

Releaf, the Nigerian agritech firm, has reportedly secured $3.3 million in an oversubscribed pre-Series A funding round. Releaf provides ingredients to consumer goods producers and food facilities. The business backed by Jack Ma Foundation stated it will acquire $4.2 million (along with a $1.5 mi