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Saturday, 15 February 2025

AFC and China’s CEXIM Expand Partnership to Boost Trade and Infrastructure Development in Africa


Africa Finance Corporation (AFC), a leading provider of infrastructure solutions in Africa, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to strengthen cooperation in financing trade and infrastructure projects across the continent.

ExxonMobil Reinforces Commitment to Mozambique with $20M Local Content Investment


ExxonMobil has invested over $20 million in Mozambique’s local content development since 2017 and plans to deepen its commitment through upcoming projects, according to Armando Afonso, Public & Government Affairs Manager, ExxonMobil Mozambique.

adidas Launches New Chapter of 'You Got This' Campaign, Highlights Positive Influence in Sport


adidas has introduced the latest phase of its global 'You Got This' campaign, emphasizing the power of positive reinforcement from coaches, parents, supporters, and teammates in shaping athletes' confidence and resilience.

GTBank Scraps POS Processing Fees to Boost Business Growth


Guaranty Trust Bank has removed processing fees on all its Point-of-Sale (POS) terminals, reinforcing its commitment to providing cost-effective payment solutions for businesses in Nigeria.

SAP and Databricks Launch Business Data Cloud to Elevate Enterprise AI


German multinational software company SAP has introduced Business Data Cloud—a transformative solution designed to unify SAP and third-party data across organizations. This groundbreaking platform provides a trusted data foundation that enhances decision-making and strengthens AI-driven business insights. By integrating data from mission-critical applications with advanced data engineering and analytics capabilities, SAP Business Data Cloud sets the stage for unparalleled innovation and intelligence.

Wednesday, 12 February 2025

Raenest Raises $11M in Series A Funding to Enhance Cross-Border Money Management for Africans


Raenest, a global platform providing multi-currency accounts for individuals and businesses across Africa, has successfully closed an $11M Series A funding round led by QED Investors. The round also saw participation from Norrsken22, with follow-on investments from Ventures Platform, P1 Ventures, and Seedstars. The new funding boosts Raenest's total venture capital to $14.3M.

Dangote Cement Rebounds as Investors Increase Holdings


Dangote Cement is regaining momentum in the equities market ahead of its earnings release, as investors resume buying after a sell-off that drove its share price down to ₦394.

Nigeria, UAE Strengthen Aviation Ties with Amended Air Service Agreement


Nigeria has formalized an amended Bilateral Air Service Agreement (BASA) with the United Arab Emirates (UAE), reinforcing aviation cooperation between both nations.

MTN Nigeria Implements New Data and SMS Tariffs


MTN, the country’s largest telecommunications provider in Nigeria, has begun implementing a tariff adjustment approved by the Nigerian Communications Commission (NCC). Subscribers may notice significant changes in their data and SMS costs.

AfDB Allocates $31 Million to Strengthen Climate Resilience in Four African Nations


The African Development Bank Group (AfDB) has approved over $31 million in funding through its African Climate Action Window (CAW) to enhance climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar.

Emirates and Air Peace Expand Partnership, Enhancing Connectivity Across Nigeria


Emirates, the world’s largest international airline, has signed an interline agreement with West Africa’s largest carrier, Air Peace, offering travelers seamless access to 13 cities across Nigeria. The partnership simplifies travel with single-ticket bookings and streamlined baggage handling, significantly enhancing connectivity for passengers flying to and from the country.

Squad Hackathon 2.0: HabariPay Invites Young Innovators Across Africa to Compete for ₦10 Million in Prizes


HabariPay’s Squad, the fintech payment subsidiary of Guaranty Trust Holding Company Plc (GTCO), has officially announced the dates for its annual social coding competition. Following the success of its debut edition, Squad Hackathon 2.0 will take place from March 13–15, 2025, at the cutting-edge GTCO Training Complex, Tayo's Plaza, Abeokuta, Ogun State.

LG Installs Solar-Powered Borehole in Kano Community, Boosting Clean Water Access


In an effort to address the critical challenge of clean water access, LG Electronics has commissioned a solar-powered borehole for the Kawaji Saunar MamaU community in Nassarawa Local Government, Kano State, Nigeria. The project, part of LG’s corporate social responsibility (CSR) initiative, aims to promote sustainable development and improve living conditions for underserved populations.