Johnvents Group secures $40.5M from BII to boost Nigeria’s cocoa industry, enhance processing, and support sustainability. Learn how this investment will transform local farming and global competitiveness.
Oui Capital’s early $150,000 investment in Moniepoint turned into a 53x return, fueled by strong leadership and rapid business growth. Here’s how the firm turned conviction into one of Africa’s standout venture capital success stories.
VivaTech’s AfricaTech Awards are back for their fourth edition! Designed to spotlight African startups in green tech, e-health, and e-commerce/fintech, the awards offer valuable networking and mentorship opportunities.
National Bureau of Statistics (NBS) reported a significant drop in Nigeria’s inflation rate to 24.48% in January 2025, driven by food, transport, and accommodation costs. NBS also announced new indices to inform policymakers.
Nigerian banking stocks are on the rise, with the NGX Banking Index up 12.24% after lenders raised over ₦1 trillion ($662 million) to meet new capital requirements. Investor confidence is growing, but experts caution that sustained growth depends on economic and regulatory stability.
Nigeria’s consumer credit soared to N4.42 trillion in November 2024, marking a 26.29% increase amid rising inflation. The CBN report attributes this surge to inflation expectations, with personal loans witnessing the highest growth.
Aliko Dangote is investing $400 million to expand Ethiopia’s Mugher cement plant, doubling its production capacity. This move reinforces Dangote Cement’s commitment to Africa’s industrial growth, despite past challenges.
Haldane McCall PLC has announced a remarkable financial performance for 2024, with pre-tax profit soaring to N1.01 billion—a 168.44% increase from the previous year. Revenue also grew by 109.50%, reaching N3.6 billion, driven by strong land and building sales. Explore the full breakdown of their financial highlights, including asset growth and operational insights, in this detailed report.
USAID, which has pulled $100 million in non-dilutive grants. This move threatens innovation in healthcare, agriculture, and clean energy, forcing entrepreneurs to explore alternative funding avenues. As Silicon Savannah navigates this shift, the question remains—how will startups adapt to the loss of crucial development funding?
Egypt’s Taager has raised $6.75 million in pre-Series B funding, marking a significant milestone in its mission to revolutionize social commerce across MENA. The investment, led by Norrsken22, will fuel Taager’s expansion, enhance its AI-driven seller tools, and strengthen its logistics network. With operations in Egypt, UAE, Saudi Arabia, and Iraq, Taager has already supported over 45,000 online sellers and is poised for rapid growth.