Tag: funding

Nigeria's FX reserves hits three-month peak
featured Finance

MDAs face N15tn capital funding gap — Report

Capital expenditure by Federal Government ministries, departments and agencies has remained severely constrained over the past three fiscal years, despite rising retained revenues and expanding budgetary allocations, according to findings by The PUNCH. An analysis of data from the Budget Office of the Federation’s Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2023, 2024 and […]

Amazon Prime video shifts focus, cuts funding in Africa, Middle East
Tech

Amazon Prime video shifts focus, cuts funding in Africa, Middle East

Amazon Prime Video is reorganizing its global operations to concentrate on original European content, reducing staff and funding in Africa and the Middle East. There will be layoffs in the local teams even if Prime Video will still function in those regions. In the meantime, Barry Furlong, vice president of Prime Video Europe, will oversee […]

Kano Disco's $200m funding to benefit 25m Nigerians
Electricity

Kano Disco’s $200m funding to benefit 25m Nigerians

Kano Electricity Distribution Company is seeking $200 million in investment to modernize its infrastructure and modify electricity distribution for an estimated 25 million Nigerians. According to Businessday, Kano Electric is partnering with a Mauritius-based firm, BlackAion Capital, to re-capitalize the network and specifically work on the $200 million fundraise for the interconnected mini-grids and embedded generation projects in […]

Kenya overtakes Nigeria in start-up funding ranking
Business

Kenya overtakes Nigeria in start-up funding ranking

Alex Omenye Nigeria lost the top position for the most funded startups in Africa to Kenya. This development was contained in an analysis of the African startup funding in 2023 by a research outfit, ‘Africa: The Big Deal.’ The report stated that startups in the East African country attracted the largest amount of funding in […]