UAC of Nigeria Plc is set to acquire full ownership of CHI Limited, makers of Chivita and Hollandia, from The Coca-Cola Company—marking a major play in Nigeria’s FMCG industry.
Nigeria’s electronic payment ecosystem witnessed a historic leap in Q1 2025, with transactions hitting N284.9 trillion — a 22% rise year-on-year, signaling the nation’s steady shift toward a cashless future.
The ALCB Fund has raised $30 million through a landmark 10-year bond issuance backed by a UK institutional investor—marking a major step in attracting international capital to Africa’s local currency debt markets.
Nigerian stocks are witnessing a historic rally under President Bola Tinubu, with the All-Share Index soaring 136% since May 2023—marking the strongest run under any civilian president since 1999.
Ahmadu Bello University has been awarded a €5 million grant from the European Union to develop an AI-powered microscope aimed at revolutionizing the diagnosis of parasitic diseases across Africa.
Blueroomcare, a Nigerian digital mental health startup, has received a fresh $50,000 follow-on investment from EHA Impact Ventures, strengthening its mission to make therapy more accessible and culturally relevant across Nigeria.
Early-stage African startups can now apply for the TractionBoost Accelerator – a two-month programme designed to support pre-seed readiness through funding, mentorship, and investor access.
Rwazi has secured $12 million in Series A funding to scale its AI-powered consumer data platform, enabling brands to access real-time insights across 190 countries.
Senegal has successfully raised $644 million through a local-currency bond sale, exceeding its target and reinforcing investor confidence despite recent concerns over its debt levels.
Bootstrapped Nigerian fintech startup, Payaza, raised and repaid ₦14.9 billion through commercial papers in under six months—marking a rare financial milestone in the country’s startup ecosystem.