Browsing: #business

Zimi a South African electric vehicle (EV) charging startup has raised $320,000 (R6 million) in grant funding from the Energy…

Equinix, the global data center giant that acquired Nigeria’s MainOne, is investing $140 million over the next two years to…

Umba, a digital bank headquartered in Nairobi with operations in Kenya and Nigeria, has raised a $5 million debt facility…

AvtoVAZ, Russia’s largest automaker and majority-owned by the Russian government, is making its move into Nigeria as part of a…

Lipa Later, a leading Kenyan buy-now-pay-later (BNPL) fintech company, has been placed under administration as of March 24, 2025, after…

Baobab Group, a global financial services company with a loan portfolio exceeding $900 million, has fully acquired Baobab Nigeria, its…

Yango Ventures has officially launched a $20 million fund to invest in African startups. The initiative aims to support innovative…

Adeniyi Abiodun, co-founder of blockchain infrastructure firm Mysten Labs, and his wife, Gloria Abiodun, have unveiled a $1.3 million endowment…

Kenyan logistics startup Leta has raised $5 million in seed funding to make goods transportation across Africa faster and more…

Nigerian food procurement startup Vendease is transitioning to a performance-based compensation model following the layoff of 44% of its workforce—approximately…