Category: Business

One of the most recognized mining companies, BHP, reportedly plans to invest a huge amount in a prominent nickel project in Tanzania. It intends to access minerals and metals required to electrify the global economy. The decision for investing $100 million in remote British miner Kabanga Ni

Royal Dutch Shell, the leading British energy company, has reportedly canceled its seismic exploration activities off the eastern coast of South Africa, and has also terminated the contract for survey vessel, Amazon Warrior, after a South African High Court ordered it to halt work over a legal chall

The federal government of Nigeria has set a target to achieve 99% of broadband coverage by 2030 throughout the country, declared Alhaji Kashifu Abdullahi, Director General of Nigeria’s National Information Technology Development Agency (NITDA). Apparently, the disclosure made by the Director

As the capital investment continues to rise throughout the world, Foreshore Waters Limited, FWL, has reportedly received N2.4 billion loan from the Bank of Industry, BOI, in order to support the firm in its growth and development plan. The news of the bank loan has been made official by the Director

As funding escalates in Africa for the development of the continent, The Nigerian Arabian Gulf Chamber of Commerce has agreed to a Memorandum of Understanding, MoU, with its equivalent National Polish Arab Chamber of Commerce for the expansion of the investment and trade aspects. The announcement ha

Metro Africa Express (MAX), a Nigerian mobility technology startup has reportedly raised a capital of $31 million in a Series B investment round. The firm aims to expand its presence in more African markets as it continues to establish the transportation sector. As per credible sources, the funding

The president of the Confederation of African Football (CAF), Patrice Motsepe, has reportedly confirmed that the Africa Cup of Nations will be going ahead next month in Cameroon as planned, putting to rest the rumors that an already postponed continental event could be affected by the Coronavirus pa

Kenya based FinTech startup, Paylend, which aims to provide the MSMEs of Kenya access to capital and helps them digitalize, has announced receiving funding of $2 million in seed investment by Next Chymia Consulting HK Limited. The Asia based company reportedly delivers consultancy services, blockcha

Google has reportedly made its first investment in a Uganda based app SafeBoda from its African Investment Fund. The announcement follows Alphabet CEO Sundar Pichai’s declaration of granting $1 billion to tech-led initiatives in the coming five years which includes $50 million African Investme