Nestlé Nigeria expands product offerings with launch of 3-in-1 NESCAFÉ Malty
Charles Abuede
February 17, 2022
Nestlé Nigeria, one of the leading consumer beverage manufacturers in the country, has launched NESCAFÉ MALTY, a new blend of coffee and malt in the NESCAFÉ 3-in-1 coffee options. It follows years of dedicated research into finding the perfect blend of coffee, creamer, sugar and malt. NESCAFÉ is a flagship brand of Nestlé which has […]
Successful $250m series D funding pushes Flutterwave’s value to $3bn
Chris IkosaFebruary 17, 2022
Backed by star studded investors led by B Capital Olugbenga GB Agboola, CEO, Flutterwave Flutterwave, the technology company established in 2016, has seen its market valuation rise to $3 billion following the successful close of a $250 million Series D investment fund round comprising a star studded line up of leading investors. The latest […]
Securities trader urges Nigerian firms to leverage stock exchange to scale
Charles AbuedeFebruary 17, 2022
As businesses return fully for economic activities, and the Africa Continental Free Trade Agreement (AfCFTA) gathers pace following its takeoff, there is hardly a better time for businesses to access the opportunities available on the stock exchange to raise cheap long-term capital for their operations. Conventionally, across the globe, capital markets offer an […]
Stitch locks in $21m to build financial infrastructure for Africa’s fintech space
Charles AbuedeFebruary 16, 2022
After a $6 million seed round few days after it launched in February 2021, API fintech company, Stitch, says it has locked in a $21 million Series A funding backed by a group of investors led by The Spruce House Partnership with participation from PayPal Ventures, TrueLayer, firstminute capital, The Raba Partnership, CRE Venture Capital, […]
Chike-Obi, pioneer AMCON MD, leads Adapalm board in Imo’s unique PPP arrangement
Chris IkosaFebruary 10, 2022
By Dikachi Elemba, Owerri Unique PPP of govt, core investors, host community Paul Roche, MD, Roche West Africa, member Govt. pledges not to interfere with board Generates 2,500 direct jobs in 2022 140,000 seedlings planted to assist Mustapha Chike Obi, the pioneer and former managing director and chief executive officer of the Assets Management Company […]
Moove, CFAO Motors partner to support mobility entrepreneurs in Nigeria, Ghana
Charles AbuedeFebruary 10, 2022
Moove, an African mobility fintech, and CFAO Motors, a department of CFAO Automotive, and a member of the Toyota Tsusho Corporation, have teamed up for the purchase of over 5,000 brand-new, fuel-efficient Suzuki vehicles for its mobility entrepreneurs and facilitate access to brand new vehicles across Ghana and Nigeria. Moove said in a statement that […]
Medsaf taps Pinheiro, Ajeroh, Oriola to drive 2022 growth plan
Charles AbuedeFebruary 10, 2022
Pinheiro joins from Jumia; Oriola from Konga Ajeroh, pharmacist, ex-Novartis, Malaria Consortium, Clinton Health Access Initiative Medsaf, Africa’s premier pharmaceutical technology provider of genuine and authentic medications, is driving its pursuit to strengthen its management team in alignment with its ambitious growth and expansion plan for 2022 has appointed Joao Pinheiro, Obinna Ajeroh […]
Mastercard expands new platform to institutions in Africa, Middle East
Charles AbuedeFebruary 10, 2022
Mastercard, the global payment platform, is expanding its new interactive business intelligence (BI) platform, Mastercard Market Trends, in the Middle East and Africa, according to a statement by Dimitrios Dosis, president, Middle East and Africa (MEA). The company said the new platform, which provides a comprehensive view of payment insights, competitive intelligence and industry trends […]
FMDQ becomes FMDQ Group in rebirth after 9 years
Charles AbuedeFebruary 2, 2022
Nine years after its launch as FMDQ OTC PLC, FMDQ Holdings will now be known as FMDQ Group following its change of name effective Wednesday, February 2, 2022, as a Securities and Exchange Commission (SEC)-registered capital market holding company, according to an emailed notification to stakeholders signed by Bola Onadele Koko, its group chief executive […]
GIG Logistics introduces crypto payment gateway on GIGGO app
Onome AmugeFebruary 2, 2022
GIG Logistics, which provides delivery solutions across West Africa, has launched a crypto payment gateway on GIGGo, its proprietary delivery app. In a statement made available to Business A.M., the logistics company explained that the development is part of its efforts towards providing more inclusion and efficiency in ecommerce payment and also, offering users the […]