Fintech Company Moniepoint, located in Nigeria, announced on Tuesday that it has secured $110 million in fresh capital from investors, including Google, to expand its
Category: Africa
South Africa’s Pick n Pay to exit Nigeria after suffering massive losses.
As part of its intentions to restructure outside of its home market, South African grocery store Pick n Pay announced today that it will sell
Nigeria’s Brass petrochemical plant costing $3.5b to generate $1.5b annually, signs gas supply deal.
Nigeria signed an agreement with joint venture partners to supply gas to a proposed $3.5 billion Brass fertilizer and petrochemical facility, marking a significant step
Solar powers Africa with providers making brisk businesses, where 600m still lack electricity.
On a continent whose governments have long battled to solve some of the worst infrastructure in the world and the challenges of climate change, companies
World Bank grants Nigeria a $1.57b loan to tackle out-of-school children, health and power.
As part of a new initiative to assist Nigeria’s health and education sectors and contribute to the country’s sustainable energy supply, the World Bank authorized
African countries aim to raise $2b from the World’s first-ever joint “debt-for-nature” swap.
A global conservation organization claims that at least five African nations are collaborating to create what may be the first-ever collective “debt-for-nature” swap in order
Nigeria’s central bank raises interest rate to 27.25%, the 5th straight hike this year.
The Monetary Policy Committee (MPC) unanimously decided to raise Nigeria’s benchmark lending rate from 26.75% to 27.25% on Tuesday, shocking the market. Laptops 1000 Following
U.S biggest lender JPMorgan Chase embarks on growth push across Africa.
In an effort by the largest U.S. lender to grow on the continent, CEO Jamie Dimon intends to visit Africa in mid-October. This will be
China offers Africa $51b fresh funding in yuan, 1m jobs, stoking fears of debt trap
On Thursday, President Xi Jinping promised to increase China’s assistance to debt-ridden Africa, including funding of approximately $51 billion over three years, support for further
Ghana begins constructing 300,000bpd, a $12b oil refinery on 20,000 acres, fueling the accusation of land grab.
The government of Ghana expects that by building a 300,000 barrel-per-day oil refinery, President Nana Akufo-Addo’s country will become the petroleum hub of the region,
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