The ALCB Fund has raised $30 million through a landmark 10-year bond issuance backed by a UK institutional investor—marking a major step in attracting international capital to Africa’s local currency debt markets.
Nigerian stocks are witnessing a historic rally under President Bola Tinubu, with the All-Share Index soaring 136% since May 2023—marking the strongest run under any civilian president since 1999.
Blueroomcare, a Nigerian digital mental health startup, has received a fresh $50,000 follow-on investment from EHA Impact Ventures, strengthening its mission to make therapy more accessible and culturally relevant across Nigeria.
Rwazi has secured $12 million in Series A funding to scale its AI-powered consumer data platform, enabling brands to access real-time insights across 190 countries.
Senegal has successfully raised $644 million through a local-currency bond sale, exceeding its target and reinforcing investor confidence despite recent concerns over its debt levels.
Nestuge, a bootstrapped Nigerian startup, has paid over ₦500 million to digital creators in just two years. Built to empower creators with monetisation tools, the platform is proving that big impact doesn’t always require big funding.
Bitcoin has surged past $121K for the first time in history, driven by institutional interest, regulatory optimism, and market dynamics. The digital asset shows no sign of slowing as Crypto Week approaches.
Guaranty Trust Holding Company Plc (GTCO) has become the first Nigerian—and West African—financial institution to list its shares on the London Stock Exchange, marking a historic milestone in its global growth strategy.
Bfree has secured a $3 million investment loan from Verdant Capital to scale ethical, data-driven debt recovery across Africa by acquiring distressed loan portfolios from inclusive financial institutions.
Nigerian crude prices soared to $72.3 per barrel, outpacing global benchmarks as Houthi attacks in the Red Sea stirred fresh supply concerns. Meanwhile, Dangote refinery eyes a full transition to local crude by year-end.