Nigeria partners with Morocco over a $1.3 Billion fertilizer plant

President of Nigeria, Muhammadu Buhari has recently said in a statement that a new $1.3 billion basic chemicals plant will be ready for commissioning in the coming months with an aim of producing ammonia and fertilizers in Nigeria.

Afriex secures $1.2Mn in seed funding, aims to expand its platform

The company is planning to use these funds to extent its growing team as well as its reach to other markets

Cross-border payments to Nigeria has long been a tedious process as it involves paying of transfer fee to

South Africa’s HyperionDev seeks to offer $235,720 in scholarships

South Africa-based tech start-up, HyperionDev has initiated an impact investment drive that aims at inviting the public to become stakeholders in its growing tech education business. With this move, the company is expecting to make as much as US$235,720 in coding scho

TPG's Rise Fund to acquire 7.5% stake in Airtel Mobile Commerce BV

U.S. based investment firm, TPG's Rise Fund is nearing plans to pump $200 million in Airtel Africa's mobile money biz., Airtel Mobile Commerce (AMC) BV. Following successful execution of this transaction, Rise Fund would attain a 7.5% in AMC.

Shell & Eni acquitted by Italian court in the Nigerian corruption case

A Milan court has reportedly acquitted Royal Dutch Shell, Eni, and its chief executive in one of the biggest corruption case of the oil industry, which revolved around the decade old $1.3 billion acquisition of an oilfield in Nigeria.

Missio Invest bags $20Mn loan to support MSIF funding in Africa

Missio Invest, a firm that provides technical and financial assistance to social enterprises in Africa, has announced securing US$20 million finance from the U.S. DFC (International Development Finance Corp.) for its Missio Invest Social Impact Fund.

PayPal teams up with Flutterwave to bring Africa into its ecosystem

PayPal Holdings Inc., the leading American digital payments enterprise operating a global online payments system, has reportedly teamed up with African payments firm, Flutterwave, to bring Africa into its comprehensive global payments ecosystem.

Volvo SA to launch its all-electric XC40 Recharge in South Africa

XC40 Recharge is the first of five all-electric cars planned to be launched by Volvo over the next 5 years

Following strong recorded sales for its all-electric SUV in the international market, Swedish car manufactu

Panasonic acquires Blue Yonder to enhance supply chain management

  • The acquisition estimated to be worth $6.45 billion is likely to come from Panasonic's own funds
  • The electronics major may also consider other financing and loans if required