Category: Business

This step is expected to produce hundreds of staff unemployment and structured operation of remaining stores Mulleys Supermarket retail chain has recently announced closure of half of its outlets in a plan to bring down the overall expenses. Reports suggest that the store has reportedly discontinu

An Africa-based startup, Roots has announced raising $3 million in the seed financing tranche to fabricate the groundwork for the insurance economy globally. Working in its niche, Roots uses APIs in assisting developers and businesses to fasten the launch of insurance products as compared to the ort

Veriforce, a leading solution provider in the supply-chain risk and compliance management industry, has reportedly announced that it has acquired ComplyWorks Africa (Pty) Ltd., a South Africa-based provider of supply-chain compliance management solutions for the energy and mining sectors. According

Omnibiz Africa has reportedly announced the launch of two new features for the Nigerian market in a recent event held in Lagos. The Business-to-Business (B2B) e-commerce firm has proposed to take on a relatively new approach of Buy Now Pay Later (BNPL) model in Nigeria. Additionally, the firm has a

OOOOO Entertainment Commerce Limited, an Oxford and Shanghai based software solutions provider, has reportedly announced a new partnership with myFanPark Inc to elevate the retail experience in South Africa. A renowned mobile commerce platform, OOOOO Entertainment has joined hands with myFanPark to

Chinese transport behemoth, Didi Chuxing Technology Co. is growing its presence in the African continent, a move that would put pressure on other market leaders like Bolt and Uber. Reports state that the Chinese major is ready to enter Nigeria, having started operations in South Africa in March and

RecoMed, an online healthcare marketplace from South Africa, has reportedly announced that it has raised over $1.5 million in a financing round, led primarily by Vunani Fintech Fund, a South Africa-focused VC firm. According to reports, the round also saw participation from AAIC, an African-focused

Nigeria has reportedly welcomed its first exclusive food delivery app, Jise. The food delivery platform co-founded by Marvelous Gbenro, Tokurah Majid, Ibukun Olasupo and Jeremy Osazuwa Agbonze, has received funding worth $100,000, from angel investors based in Europe and Nigeria. The COVID-19 pande

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 pocket friendly banking services As