News
Zenith Bank reports N40 billion in Oil and Gas loans are not performing
Nigeria’s largest bank by net asset, Zenith Bank disclosed in its half year Investor Presentation that 29.9% of its non-performing loans are oil ...
News
Access Bank to pay N10.7 billion interim dividend to shareholders for H1 2021
The Board of Directors of Access Bank Plc has earmarked a total sum of N10.7 billion as dividends to shareholders for the period ...
Africa
Africa: Bumpa raises $200k pre-seed to build e-commerce solutions for African merchants
Bumpa, an e-commerce solution startup helping African retailers manage and grow their businesses from their mobile phones, has closed a $200k pre-seed funding ...
Africa
Pan-African VC firm, LoftyInc Capital launches third fund at $10 million for tech startups in Africa
LoftyInc Capital, an early-stage African-focused technology fund, announced that it is launching its third fund — LoftyInc Afropreneurs Fund 3 — at $10 ...
Africa
Standard Chartered Is Now Part of The Global Digital Finance Alliance
By joining the Global Digital Finance, Standard Chartered became the first bank part of the association. The leading British financial institution – Standard ...
News
CBN appoints new directors
The Central Bank of Nigeria has confirmed the appointment of eight directors, including Osita Nwanisobi as the Director, Corporate Communications Department. Nwanisobi had ...
News
Deutsche Bank Cuts Ties To Zimbabwe’s Standard Bank
DEUTSCHE Bank has cut correspondent banking ties with Standard Bank Group Ltd.’s Zimbabwean unit, dealing a body-blow to one of the few remaining ...
Africa
Nigeria tops as Y Combinator S21 receives the highest number of African startups so far
It’s an interesting fact to reiterate that the number of African startups participating in Y Combinator’s 2021 summer batch has increased beyond the usual. Compared ...
Startup
Uganda: E-logistics startup Ridelink secures $150,000 in pre-seed funding
Ridelink, a Uganda e-logistics startup has raised $150,000 in pre-seed funding in a round jointly led by Ortus Africa Capital (an investment advisory firm), the Omidyar ...
Regulatory
Tanzania: Mobile Transactions – State Slashes Levy By 30%
The Tanzanian government yesterday announced a 30 per cent reduction of mobile money transactions levies in response to public outcry over the new ...