Moove powers up with $100m in new financing to expand tech-driven mobility services

Mobility fintech Moove raises £15m to scale up UK operations

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

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

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

Nigeria bourse chief pleads caution on 2021 growth expectations

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 […]

MTN commences IPO process, selects financial advisers, brokers

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

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 […]

Doha Bank CEO in talks with foreign lenders to raise debt

Doha Bank Group CEO R. Seetharaman

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 […]