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Nigeria’s Nollywood Records N3.5 Billion Box Office Revenue in 2024
FAAC Disburses N1.411 Trillion to Federal, State, and Local Governments in October
Amenli Raises $2.3M to Transform Egypt’s Insurance Industry
Orange Egypt Supercharges Africa’s Startup Ecosystem with $52.7M Investment
Top 10 Startups Chosen for African Latitude59 Finals – Winner to Compete in Estonia for €1 Million Prize
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STARTUPS
Amenli Raises $2.3M to Transform Egypt’s Insurance Industry
Orange Egypt Supercharges Africa’s Startup Ecosystem with $52.7M Investment
Top 10 Startups Chosen for African Latitude59 Finals – Winner to Compete in Estonia for €1 Million Prize
Jospong Group Pursues $400 Million Funding from Afrexim Bank for Major African Projects
FGN Expands 3MTT Program, Enrolling 90,000 More Nigerians in Cohort 3
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PUBLIC SECTOR
Nigeria’s Nollywood Records N3.5 Billion Box Office Revenue in 2024
FAAC Disburses N1.411 Trillion to Federal, State, and Local Governments in October
UBA Announces N239.4bn Capital Raise Through Rights Issue
MTN Nigeria Raises ₦75 Billion in Highly Oversubscribed Commercial Paper Offering
World Bank Raises Concerns Over Missing $32 Million in Nigeria’s Water Project Funds
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A surge in African startups is turning to debt financing amid a decline in equity funding.
The United Nations cautions of a substantial deficit in funding amidst a growing number of global crises.
Mistral, a French artificial intelligence startup, has achieved a valuation of $2 billion following a successful funding round.
Pontera secures $60 million in funding to enhance retirement options for individuals in the United States.
Bujeti successfully raises $2 million in seed funding to transform corporate spending across Africa
Cedar Crest College is actively addressing the gender gap in STEM fields with the support of a $750,000 NASA grant.
InDrive, the ride-hailing platform, has recently introduced a new venture and mergers and acquisitions (M&A), allocate investments of up to $100 million
Pricepally, an online grocery startup, is poised for expansion in Nigeria with the backing of a $1.3 million investment.
Wits University obtains $300,000 research funding for studies on Digital Transformation.
Venture capital funding has faced challenges and setbacks this year, contributing to a less-than-ideal environment for investment.
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