Nigerian fintech startup Brass secures funding of $1.7m for expansion

A Nigerian digital bank startup- Brass has announced receiving funds of $1.7million to cater to the banking needs of domestic entrepreneurs, traders and other rapidly growing businesses. The funding would provide small-medium business (SMEs) with smooth access to pock

African nations call for new climate fund tracker as donors fall short

The lead climate negotiator for Africa has reportedly stated that African countries are calling for a new mechanism to track funds from affluent nations that are failing to achieve an annual $100 billion commitment to help emerging economies combat climate change.

Uber pilots its ride-pooling service ‘Pool Chance’ in Africa

American ride-sharing firm, Uber is reportedly testing its new service called, Pool Chance, in Africa which will enable riders heading in the same direction to share the cost on their journey.

The service is being introduced in Afr

UK’s CDC Group & DP World plan to invest $1.72Bn in African ports

Emirati multinational logistics company, DP World and the UK government’s CDC Group have joined forces to expand African ports, with plans to invest around $1.72 billion in the next several years.

As per reports, the companie

Mono bags $15Mn in Series A funds to expand operations in Africa

African fintech startup, Mono has reportedly raised USD 15 million in a Series A funding round led by Tiger Global, making it the venture capital firm’s third investment in Africa in 2021 after FairMoney and Flutterwave.

The

JICA sets aside USD 2.5 million to promote circular economy in Nairobi

The Japan International Cooperation Agency (JICA) has reportedly invested around USD 2.5 million in Sanergy Inc., a U.S. sanitation startup in Nairobi that utilizes flies to process biowaste. The Japanese government agency intends to address the rising sanitation need

Nollywood booming; African film sector could create 20m jobs: UNESCO

African film industries are reportedly slated to grow four times in revenue to $20 billion (£15 billion) and generate 20 million more jobs in creative industries, as per a report by the UN Educational, Scientific and Cultural Organization (UNESCO).

DPI secures $900Mn to support innovative companies in Africa

Development Partners International (DPI), a leading investment entity focused on Africa, has announced that the African Development Partners III Fund (ADP III) has surpassed its target of USD 800 million and is expected to hold a final close at USD 900 million with an

Africa hopes for chocolate rebound amidst massive cocoa harvests

West Africa’s cocoa giants are preparing for another big harvest, with a focus on whether the demand recovery after the COVID-19 pandemic can absorb the oversupply from last year.

The main-crop harvest started on Friday in Iv