Big Cabal Media Raises $2.3 Million in Seed Funding
Big Cabal Media (BCM), a leading African digital media company, has raised $2.3 million in its Seed funding round. The seed round follows a $620,000 angel and pre-seed round the company [...]
KCB posts 74% jump in Net Earnings to KSh34.2Billion in 2021
KCB Group Plc recorded a 74% rise in Net Earnings to KSh34.2Billion in 2021 in, what the lender attributes to growth in total income and reduction in loan loss provision [...]
Sokowatch Secures $125 Million Series B Round, Rebrands to Wasoko
Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the close of a $125 million Series B equity round, the largest venture [...]Allianz SE Acquires 51% Stake in Jubilee Burundi
Allianz SE , a Global general insurer has completed the purchase of a 51 percent stake in Jubilee General Insurance Limited in Burundi from the parent company Jubilee Holdings, which [...]
MTN Group to Reduce Shares in Nigerian Unit from 75.6% to 65%
MTN Group has announced plans to further reduce its shares in MTN Nigeria by over 10% as it seeks to broaden the local shareholder base, and attract new investors to [...]4G Capital Closes USD 18.5 Million Series C Funding Led by Lightrock
4G Capital, the award-winning African neobank, has completed its Series C funding round with Lightrock, the leading global private equity fund, investing $18.5 million dollars. Since its inception in 2013, [...]Nigerian Banks Limit Foreign Currency Spending Abroad
Banks in Nigeria have suspended individual withdrawals with local debit cards abroad and toughened limits on online payments, seeking to ease foreign currency settlement risk with the country facing dollar [...]Nigeria's Moove Raises $105 Million in Series A2 Funding
Nigeria's mobility fintech, Moove, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round brings the total raised by Moove to $174.5 million [...]Can blockchain and crypto increase Financial Inclusion and end poverty in Africa?
A recent report by the World Health Organization and the World bank estimates that the pandemic pushed more than 500 Million people into extreme poverty globally as they paid for [...]
6 Nigerian Airlines Form Alliance to Improve Service
6 Nigerian airlines have come together to form an alliance dubbed the Spring Alliance', seeking to mutually support one another's operations and improve service delivery to their passengers. The objective [...]Safaricom Signs 5-Year Lease Infrastructure Agreement with Ethiopia
Safaricom has signed a five-year lease agreement with Ethiopia's state-owned power utility, Ethiopian Electric Power enterprise (EEP), to share dark fiber-optic infrastructure. The shared infrastructure will be part of Safaricom's [...]AfricaTech Awards invites applicants for its first edition
AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful tech start-ups across the continent, has announced a call for applications for its first edition. [...]
