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.
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.
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.
The Tony Elumelu Foundation (TEF) has secured a $6 million partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation to empower 1,000 African entrepreneurs.
Madica has announced $800,000 in pre-seed funding for four African startups, marking its first investments in North Africa. The selected companies, focused on healthtech, e-mobility, and AI, will receive mentorship and funding as part of Madica’s broader $6 million investment strategy.
Ghanaian fintech startup Affinity Africa has secured $8 million in seed funding to enhance its financial services. With backing from European venture capital firms, the company aims to serve more underserved individuals and micro-businesses. Since its launch, Affinity has onboarded 50,000+ users and disbursed $15 million in loans, strengthening financial inclusion in Ghana.
As an investor with a diversified portfolio across 4 continents—from power to oil & gas, financial services, and healthcare—I can tell you one thing: nowhere else offers the kind of ROI than Africa does.
The Tony Elumelu Foundation Entrepreneurship Programme (2025) supports African entrepreneurs with funding, mentorship, and training. Open to businesses aged 0–5 years, the programme fosters innovation and economic growth across Africa. Apply today!
EasyBank, a Tunisia-based fintech startup, has raised $370,000 to drive its expansion into new markets. With AI-powered financial services, the company simplifies banking and enhances accessibility. This investment will accelerate its growth and reinforce its position in the fintech industry.