Dangote emerges ECOWAS’ Manufacturing Brand of the Year
Rosemary IwualaOctober 4, 2022
By Rosemary Iwuala …Cement, Sugar win Brands of the Decade Africa’s largest business conglomerate, Dangote Industries Limited, has been adjudged the Outstanding Indigenous Conglomerate of the Decade, carting home eight different ECOWAS’ Manufacturing Excellence Awards (EMEA) in the process. Two subsidiaries of the conglomerate, Dangote Cement Plc and Dangote Sugar Refinery Plc, also received brands […]
Microsoft strengthens affiliation with AfDB to accelerate youth entrepreneurship in Africa
Mike OchonmaSeptember 28, 2022
BY MIKE OCHONMA Microsoft has strengthened partnership with the African Development Bank (AfDB) to scale up technical and financial support for young entrepreneurs According to a statement by the organisation, Microsoft is expanding its partnership with AfDB to support Africa’s youth entrepreneurs under the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative. Through its […]
Vendease secures $30m Series A funding to transform food procurement operation across Africa
Onome AmugeSeptember 27, 2022
Vendease, a Y Combinator-backed Nigerian agri-tech platform that enables restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent. A statement by […]
NEXIM-backed Sealink to commence operation Q1 2023
Innocent ObasiSeptember 23, 2022
By Innocent Obasi Sealink, a shipping line in the ECOWAS region floated by a consortium of West Africa’s maritime and financial institutions, would start operating in the first quarter (Q1) 2023. This comes at a time Nigeria’s effort to refloat a national shipping company after the demise of the Nigerian National Shipping Line (NNSL) has […]
Lagos Free Zone in partnership talks with Gluwa to boost trade, commerce
Olivia NnoromSeptember 23, 2022
By Olivia Nnorom The Lekki Free Zone Development Company (LFZ) is in talks with Gluwa, a blockchain technology company, on the possibility of partnering to use the blockchain to foster trade collaboration, growth, and sustainability among new and existing Free Zone enterprises. This partnership is part of LFZ’s drive to strengthen its contribution […]
Inlaks opens technical resource centre in Port Harcourt
Innocent ObasiSeptember 22, 2022
By Innocent Obasi Inlaks, an ICT infrastructure and systems integrator company in sub-Saharan Africa, has increased the number of its technical resource centres with the opening of a new technical resource centre (TRC) in Port Harcourt, Rivers State. The company said that the new TRC is part of its initiatives to improve customer service delivery […]
Remedial Health secures $4.4m in seed funding to accelerate expansion across Nigeria
Rosemary IwualaSeptember 20, 2022
By Rosemary Iwuala Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding to accelerate its expansion across Nigeria and to provide access to credit for inventory purchases for its growing customer base of neighbourhood pharmacies, Proprietary Patent Medicine Vendors (PPMVs) and […]
Dangote Cement offers N5m star-prize winners chance to become cement distributors
Innocent ObasiSeptember 19, 2022
By Innocent Obasi …rewards winners in Bag of Goodies Promo, season 3 The management of Dangote Cement Plc has disclosed that the expected 100 winners of the N5 million star-prize in its ongoing Bag of Goodies National Consumer Promo, Season 3 would be offered the opportunity to be signed on as its cement distributors if they so wish. The […]
US-based PowerDFI acquires Nigerian blockchain startup, Naijacrypto
Rosemary IwualaSeptember 16, 2022
By Rosemary Iwuala PowerDFI, a recently founded Wyoming-based Blockchain financial startup, has acquired Naijacrypto, a Nigerian-owned leading cryptocurrency exchange platform focused initially on the African markets. Naijacrypto, which recently expanded its offering to include multiple African countries and the United Kingdom, is one of the few exchanges with some presence in the Caribbean and has […]
Big Cabal Media to launch Commerce in Africa report at 2022 Future of Commerce
Onome AmugeSeptember 16, 2022
Big Cabal Media, a pan-African media company, is set to unveil its first ‘Commerce in Africa’ outlook report aimed at exploring how technology affects buying and selling in Africa, the most important players in the sector, and what big transformations are happening in the second most populous continent. The outlook report, produced by TechCabal Insights […]