Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
Western Africa
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Demutualisation of the Ghana Stock Exchange progressing, says Council
The demutualisation of the Ghana Stock Exchange (GSE) to make it a Public Limited Company (PLC) is progressing steadily, chairperson of the GSE Council, Mrs Abena Osei-Poku, has said. Among …
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Nigeria signs deal with Turkish firm to increase energy supply
The Nigerian Bulk Electricity Trading (NBET) Plc says it has signed a partnership deal with Energy Exchange Istanbul (EXIST), a Turkish energy firm, to ramp up energy generation and supply. Over the …
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Rockefeller Foundation partners with e-GUIDE and Atlas AI to accelerate development in Africa
The Rockefeller Foundation, an American private foundation, and philanthropic medical research and arts funding organization launched a new $5.5 million partnership with e-GUIDE and Atlas AI to encourage climate-resilient infrastructure investment and speed …
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Nigeria to begin manufacturing electric automobiles in 2023
Nigeria has entered into a partnership with Israeli and Japanese companies to commence assembling and manufacturing environmentally friendly, green, electric, and smart automobiles by 2023. The National Agency for Science …
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Nigerian government launches policy to aid agricultural development
The Federal Government of Nigeria has inaugurated a six-year national agricultural technology and innovation policy (NATIP) from 2022 to 2027 to enhance agribusiness in the country. This document was inaugurated by the …
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We have the capacity to face challenges of the 2023 elections, INEC assures Nigerians
The Independent National Electoral Commission (INEC) has assured Nigerians that it has the capacity and courage to face the challenges that the 2023 general election may bring. Mahmood Yakubu, chairman …
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Trapped fund: CBN releases $265M to airlines
The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According to a statement issued …
Nigeria’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real terms in the second quarter of 2022. The development is an improvement from the 3.11 percent growth recorded …
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Ghana-India trade on the path to recovery after Covid-19 slowdown
Trade between Ghana and India is on the path of recovery after plummeting in 2020 as a result of the COVID-19 pandemic. After dropping by nearly a half from the …