Singapore-based robo-advisor, Bambu, secures $3m ‘Series A’ funding to accelerate expansion


Bambu, a Singapore-based B2B robo-advisory solutions provider, has raised a $3-million Series A financing led by existing investor Franklin Templeton Investments, the company announced Wednesday, July 11. Singapore’s family office Octava, which focuses on real estate, financial technology and lifestyle investments, and Japanese fintech investor Mamoru Taniya also joined the round. The year 2018 has […]

Africa Investment Forum will help de-risk investment and catalyze private sector

Africa Investment Forum

The African Development Bank is working with leading global development finance institutions to set up a mutualized co-guarantee platform to de-risk investments and facilitate projects that have the capacity of transforming the continent under the Africa Investment Forum (AIF). Over the last decade, and despite impressive growth rates in most of the continent, Africa’s infrastructure […]

FDI inflows fall 80.38% in a decade to $981m in 2017 on prolonged security concerns, infrastructure deficit


The quantum of foreign direct investment (FDI) in the country has slowed 80.38 percent in a decade due to poor investment climate, prolonged security concerns, and growing infrastructure deficit, according to analysts at Financial Derivative Company (FDC). They indicated that in recentness years, Nigeria’s FDI has been struggling, reaching a mediocre $981 million in 2017, […]

Krispy Kreme investing $7m in Nigeria outlets

Krispy Kreme Doughnut Corporation, an American brand is investing $7 million in a network of outlets as it begins a journey into the Nigerian food and beverage market. The company’s executives said they would be offering 16 different varieties if doughnuts, as well as Nigerian blended coffee. The expansion into the Nigerian market is expected […]

Nigeria central bank amends agric credit scheme guidelines to include non-interest financial institutions

The Central bank of Nigeria (CBN) has announced amendments to guidelines on its commercial agriculture credit scheme (CACS) to include the participation of non-interest financial institutions. The regulator in a circular to all banks and financial institutions dated February 16, 2018, said the revised guidelines are part of efforts to deepen access to finance and […]

FirstRand challenges U.K. lenders with Aldermore buy

Phillip Monks, Aldermore Chief Executive Officer

Africa’s largest lender by market value plans to take on Britain’s biggest banks with the takeover of Aldermore Group Plc as growth in its home market stutters. FirstRand Ltd. said Monday it agreed to buy all of Aldermore after winning the backing of the U.K. lender’s board and its largest shareholder. The offer, which values […]

Alphabet talks with Lyft about possible investment, source reveals


Alphabet Inc. is in discussions with Lyft Inc. about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with the talks said on Thursday. According to Reuters, an injection of support from one of Silicon Valley’s largest companies could be a boost to Lyft as […]