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FGN Secured N346.2 Billion in November Bond Auction
Ariika Raises $3 Million Series A Extension to Accelerate Regional Expansion
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
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STARTUPS
Ariika Raises $3 Million Series A Extension to Accelerate Regional Expansion
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
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PUBLIC SECTOR
FGN Secured N346.2 Billion in November Bond Auction
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
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OTHER NEWS
Tola Capital has successfully concluded its latest funding round, securing a substantial $230 million, marking its largest fund to date. The investment focus remains on AI-enabled enterprise software.
The UK government is targeting the revitalization of domestic manufacturing through a £4.5 billion funding initiative.
EchoVC secures $2.5 million in funding for the purpose of supporting environmentally conscious startup ventures.
NXTP has successfully concluded its largest fund, securing $98 million to support early-stage B2B founders in Latin America.
Failup Ventures, a venture capital firm based in Finland, has successfully secured €30 million in the initial closing of its new early-stage fund.
TomorrowNow has successfully secured a $5 million grant from the Bill and Melinda Gates Foundation to enhance weather and climate data services in Africa.
Saviu Ventures successfully raises €12 million for its second fund, with a focus on supporting startups in Francophone Africa.
Cedar Crest College is actively addressing the gender gap in STEM fields with the support of a $750,000 NASA grant.
Africa’s inaugural billionaire, Patrice Motsepe, has generously donated $1 million to Wits University to support innovation.
January to October 2023, UK startups garnered $12 billion in venture capital funding, according to GlobalData’s findings.
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