Moove powers up with $100m in new financing to expand tech-driven mobility services
Post AMUGE
March 20, 2024
Joy Agwunobi African mobility fintech start-up, Moove is hitting the accelerator with a $100 million funding round. This fresh injection of capital will help Moove expand into new markets and develop innovative new products for the growing ride-hailing and delivery app sector. With its mission of providing “mobility for all” in Africa, Moove is leveraging […]
Africa’s VC funding slump raises concerns over startup viability
Post AMUGEDecember 4, 2023
Onome Amuge Africa’s tech ecosystem has experienced a range of performance outcomes since the start of the year. While venture capital (VC) funding has not reached the record levels seen in 2021 and 2022, regulations and standards have taken center stage in efforts to govern and support the growth of the digital economy across […]
CSCS celebrates Special Olympics Nigeria medalists, announces fund raising partnership plans
Businessam StaffAugust 28, 2019
Central Securities Clearing System (CSCS) Plc celebrated representatives of Special Olympics (SO) Nigeria recently following their sterling performance at the 2019 Special Olympics World Games which took place in Abu Dhabi earlier this year. The company has also declared its intentions of partnering with the athletes towards raising funds and encouraging its existing partners in […]
NSE raises N63m to support cancer causes across Nigeria- Onyema
Adesola AfolabiJuly 24, 2019
Oscar Onyema, CEO of the Nigerian Stock Exchange (NSE) has disclosed that a total of N63 million has been raised by the local bourse through its Cancer awareness and fundraising campaign that started in 2014. According to Onyema, the money was raised through sponsorship and participation of several companies. “We are pleased that NSE Corporate […]
Fintech company Cellulant raises $47.5m to bridge financial inclusion gaps in Africa
Businessam StaffMay 15, 2018
The streak of big-ticket investment in African fintech companies shows no signs of stopping as Cellulant, the digital payments solutions company operating in 11 African countries has raised $47.5 million in its Series C round—one of the largest for a solely Africa-focused venture-funded company. The round was led by The Rise Fund, an impact investment […]
MTN commences IPO process, selects financial advisers, brokers
Businessam StaffApril 22, 2018
MTN group has commenced the process of its IPO with the appointment of some banks and brokers to help with the listing, including Renaissance Capital, FirstRand Ltd.’s Rand Merchant Bank, Nigerian firm Chapel Hill Denham, Vetiva Capital to work with global co-ordinators Citigroup Inc. and Standard Bank Group Ltd. According to Bloomberg, the financial institutions […]
World’s largest private equity firm to raise $1bn for new energy fund
Businessam StaffNovember 15, 2017
Carlyle Group, the world’s largest private equity firm, is raising $1 billion for a new fund to invest in oil and gas outside the United States as a stronger outlook for oil prices rekindles investor appetite, banking sources told Reuters. The new vehicle comes after Carlyle International Energy Partners (CIEP), the group’s overseas energy investment […]
Goldman Sachs launches $5bn fund with China to give US companies better access, says CEO
Businessam StaffNovember 9, 2017
Lloyd Blankfein said Thursday that Goldman Sachs’ agreement to establish a $5 billion investment vehicle with China’s sovereign wealth fund is aimed at putting money into “U.S. companies that could be helped by better access to China,” according to CNBC report. The China Investment Corporation and Goldman have pledged to split the investment, with each […]
Doha Bank CEO in talks with foreign lenders to raise debt
Businessam StaffSeptember 5, 2017
Doha Bank QSC is talking to foreign lenders about the possibility of raising long-term funding either through a private placement or public debt sale, according to Raghavan Seetharaman, the Chief Executive Officer. The bank plans to raise debt after completing a 1.3 billion riyal ($352.9 million) rights offer earlier this year, Seetharaman said in an interview […]
AIG looks to sell $2bn life portfolio to pay out claims arising from elderly deaths
Businessam StaffAugust 15, 2017
American International Group Inc wants to sell a $2 billion portfolio of life insurance policies that would pay out when sick or elderly customers die, according to sources who spoke to Reuters. AIG, the largest commercial insurer in the U.S. and Canada, is working with investment bankers at Goldman Sachs Group Inc to unload the […]