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Raya Foods Lands $40Million Boost from Helios to Transform Egypt’s Food Industry
Janngo Capital Secures $78M to Power the Next Generation of African Startups
South African Startup Tagmarshal Scores Big with Multi-Million Dollar Series A to Revolutionize Golf Management
Tony Elumelu Foundation Empowers 20,000 African Startups with $5,000 Seed Funding Each
Orange Money Expands Digital Payment Access to Millions Across 7 African Countries
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STARTUPS
Raya Foods Lands $40Million Boost from Helios to Transform Egypt’s Food Industry
Janngo Capital Secures $78M to Power the Next Generation of African Startups
South African Startup Tagmarshal Scores Big with Multi-Million Dollar Series A to Revolutionize Golf Management
Tony Elumelu Foundation Empowers 20,000 African Startups with $5,000 Seed Funding Each
Orange Money Expands Digital Payment Access to Millions Across 7 African Countries
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PUBLIC SECTOR
Unilever Nigeria Sees 46% Revenue Surge, but Rising Costs Squeeze Profit Margins
Northern Nigeria’s Rice Mills Grind to a Halt Amid Economic Strain and End of Government Support
South African E-commerce Startup Pargo Raises $4M to Expand into Egypt’s Booming Market
IMF Reveals Key Reasons Behind Nigeria’s Slower 2.9% Economic Growth Forecast for 2024
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Blocks $1.3 Billion Sale of Shell’s Assets to Renaissance Group Over Regulatory Concerns
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2023 sees 74% PAT increase for Stanbic IBTC, which will pay a final dividend of N28.5 billion.
CBN’s High-Stakes Move! Sells N652 Billion Open Market Operation (OMO) Bills at Record 21% Interest Rate!
Adenia Africa Fund Raises $470 Million for Investments in Fintech, Telecom.
Cadbury Nigeria Records N28.2 Billion Loss in 2023, Shareholders’ Funds Completely Erased.
Dangote, BUA, and Lafarge Africa collectively increase market value by N7.921 trillion in Q1 2024.
Zeepay, a fintech company based in Ghana, secures $3 million investment to fuel expansion.
Electricity Distribution Companies (Discos) Generate N1 Trillion Revenue Despite Grid Challenges, Unmetered Customers Reach 5.8 Million
BURN Secures $12 Million to Expand Clean Cooking Solutions Across Africa.
Nigerian Railway Corporation (NRC) Reports 8.5% Revenue Growth in 2023, Surpassing N6 Billion from Rail Operations
Naira Surges 21.8% Against Dollar in March 2024, Marking Its Strongest Performance in 5 Years.
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