FARO, a South African startup, has raised $6 million to revolutionize affordable fashion and combat textile waste across Africa. By leveraging surplus inventory from global brands, FARO offers high-quality, discounted fashion while promoting sustainability.
The United States has signed an agreement with Nigeria to repatriate $52.88 million in forfeited corruption proceeds.
Amazon Web Services now accepts Naira payments, easing financial barriers for Nigerian businesses. This move empowers startups and SMEs to access AWS's robust cloud services.
Nigeria is making strides in digital transformation with a $2 million agreement between the U.S. and Nigerian governments to expand the fibre optic network by 90,000 kilometers.
LemFi, a fast-growing fintech focused on cross-border payments, has secured $53 million in new funding to expand its services across Asia and Europe.
