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Verod-Kepple Africa Ventures (VKAV) has surpassed a significant milestone by closing its first fund at $60 million. The latest funding round includes support from Nigeria’s SCM Capital, formerly Sterling Capital Markets Limited, along with other notable investors such as Taiyo…
Renew Capital, an investment firm, has made its first investment in Ghana by investing in Ghana Affinity. This is also Renew Capital’s first investment in Africa. This comes just a month after the launch of its latest tech fund, Renew…
Procera Group, a South African based company, has secured $18.8 million (R346 million) from Vantage Capital, an African fund manager. With this new investment, Procera can take its business services into the global market. About Procera Group Procera Group, a…
ThriveAgric, a Nigerian agritech startup, has announced a partnership with Acorn RaboBank. The partnership aims to empower 30,000 local farmers in specific states across the country. Acorn Rabobank, the climate action arm of the 125-year-old Dutch bank Rabobank, harnesses climate…
MultiChoice Nigeria Limited, a popular satellite television service, was defrauded in a foreign currency exchange deal. The service provider lost ₦7.9 billion to the deal. According to Premium Times, the questionable deal involved Akintunde Giwa, a currency exchange dealer, and…
First Bank Holdings has arranged to raise additional capital of ₦300 billion ($231 million) at a shareholders meeting scheduled later this month. This is due to the Central Bank of Nigeria’s plans for a recapitalization drive. First Bank Holdings on…
The Nigerian Government has announced an initiative to aid identification in the country. NIMC announced the initiative on X. The government plans to roll out a new form of national identification system that comes with payment integrations and social service…
One of the detained Binance executives, Tigran Gambaryan, was charged on Monday with four counts, including money laundering. Binance and Tigran were charged together, which Tigran’s lawyer objected to. The federal court in Abuja ordered the top Binance executive to…
One of the two detained Binance executives appeared in a Nigerian court in Abuja on Thursday to face tax evasion and money laundering charges. Gambaryan and Anjarwalla were detained on February 26 in connection with a criminal investigation into Binance’s…
The South African government has approved its digital nomad visa regulations. This approval marks a significant step towards issuing digital nomad visas to foreigners. The regulations will cater to foreign individuals earning an annual income above R1 million (approximately $53,665),…
