South Africa’s Massmart aims at $613 Mn sales post annual loss

Massmart Holdings turn focus on investments in core high-return business South African retail company Massmart Holdings is contemplating an addition

Ekiti Govt. partners with private firms to offer economical, quality drugs

In an offer to guarantee quality and affordable drugs for the state residents, the Ekiti State government has recently signed a Memorandum of Understa

Africa’s climate change situation most likely to worsen: UN report

Global warming impact and climate change has been a hot topic for globally influential government as well as non-government bodies, urging for drastic

New EVs are less reliable than petrol and diesel cars, survey finds

British consumer group and magazine, Which?, has reportedly claimed that new electric vehicles may considerably less reliable than their fossil fuel p

Africa’s airlines to lose around $4.9B in revenues due to Covid-19

As the aviation industry attempts to recover from COVID-19 disruptions, an African airline trade association has reportedly predicted that the carrier

Biovac & 9 development consortium team up to push vaccine production in SA

To accelerate the COVID-19 manufacturing capacity across South Africa and limit the dependence on imports, a consortium of nine finance and developmen

Flashfood raises $12.3Mn to scale grocery collaborations across the U.S

Toronto-based Flashfood has announced raising a fund of $12.3 million in a Series A investment round led by investor S2G ventures. For the uninitiate

Tanzania aims to become a hub for digital innovation & economy in Africa

Tanzania’s ambition of becoming a center for digital economy and innovation across Africa is about to become a reality with the rolling out of n

AgDevCo nabs $90M DFI funding to invest in African agribusinesses

AgDevCo, a social impact investor and project developer based in Africa, has recently announced a $90 million package of new funding from the Norfund,

Messaging & payment app NayaPay raises $13M in its largest seed round

NayaPay, a fintech company based in Pakistan, has reportedly secured $13 million through a seed round funding to launch its multi-service payment and

Iran, Qatar sign 14 major deals during President Raisi’s Doha trip

Qatar and Iran have reportedly signed 14 new agreements while Iranian President, Ebrahim Raisi, was in Doha for a two-day trip this week. President R

SoftBank led Swiggy aims for $800 million IPO in the next year

Swiggy, the leading food delivery conglomerate, is reportedly aiming for an initial public offering (IPO) of $800 million in the following year and ha