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.
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.
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.
Podcast Ad Spend to Surpass $5 Billion by 2025 as Video Content Drives Growth, WARC Report Reveals
Podcasts are cementing their place in global culture and politics, but growth in advertising spend remains steady rather than explosive. According to WARC Media’s latest Global Ad Trends report, Podcast Media Sets Sights on Video Boom, publishers and platforms are turning to video content and creator-driven strategies to unlock new revenue streams and attract a larger share of ad budgets.
Emirates Enhances Fleet Efficiency with Airbus Skywise S.FP+ and Core X3 Predictive Maintenance Solutions
...Utilize real-time data capabilities across Airbus A380 and A350 fleets for improved operational performance
Emirates has taken a significant step toward advancing its fleet management and operational efficiency by partnering with Airbus to implement the Skywise Fleet Performance+ (S.FP+) predictive maintenance solution and the Core X3 analytics platform. The agreement, signed by Ahmed Safa, Head of Emirates Engineering, and Laurent Negre, Vice President of Customer Services for Airbus Africa and Middle East, underscores Emirates’ commitment to leveraging cutting-edge technology for enhanced safety and operational excellence.
Saturday, 8 February 2025
Grey/Ven Names Ilana Kugel Creative Director for Women's Collection
Grey/Ven, the iconic name in quiet luxury, has announced the appointment of CFDA-recognized designer Ilana Kugel as Creative Director for its women’s collection. The announcement was made before the New York Fashion Week runway show, where the brand showcased both Kugel’s debut collection for Grey/Ven, titled "The Journey" FW 25, and its inaugural luxury handbag collection.
IFC Commits $50 Million to Boost Industrial Growth at Lagos Free Zone
The International Finance Corporation (IFC) has announced an equity investment of up to $50 million in Lagos Free Zone Company. This funding is designed to support the development and expansion of the Lagos Free Zone (LFZ)—Nigeria’s pioneering deep-sea port-based private special economic zone. This investment not only addresses critical infrastructure gaps but also serves as a catalyst for attracting both local and international businesses, driving economic growth, and advancing Nigeria’s diversification efforts.
PFA Threatens Legal Action Against Premier League Over Financial Rules
The Professional Footballers’ Association (PFA) has warned it may take legal action against the Premier League if new financial regulations are introduced without the union’s approval.
Radisson Hotel Group Celebrates Landmark Year with 300+ New Hotels in 2024
Radisson Hotel Group marked a record-breaking 2024, expanding its global footprint with over 300 new signings and openings, adding nearly 40,000 keys to its portfolio. The Group reinforced its position as a leader in the upper-upscale and resort segments across Europe, the Middle East, and Africa. Radisson Blu maintained its top status in Europe for the 13th consecutive year.
Thursday, 6 February 2025
Afreximbank Urges Africa to Seize Control of Its Resources and Build Sustainable Prosperity
Africa must take decisive action to control its resources, generate jobs, and establish industries that drive long-term prosperity, the African Export-Import Bank (Afreximbank) urged at the African Mining Indaba 2025 on Sunday. Addressing African leaders, policymakers, mining industry stakeholders, and global partners, Afreximbank underscored the need for a transformative approach to resource ownership and industrialization.
Genesis Energy Hosts Katsina State Governor, Strengthening Public-Private Collaboration for Nigeria’s Energy Future
In a move reinforcing its commitment to advancing Nigeria’s energy landscape, Genesis Energy Group, a leading provider of integrated power solutions, recently welcomed His Excellency, Governor Dikko Umaru Radda of Katsina State on an official visit to its facilities in Lagos and Port Harcourt. The visit highlights the crucial role of public-private partnerships in tackling Nigeria’s energy challenges and underscores Genesis Energy’s leadership in delivering sustainable, reliable power solutions.
Heliconia Park Elevates Luxury Living with New Apartment Hotel in Lagos
Heliconia Park Luxury Apartments & Suites has officially launched its premium apartment hotel in the heart of Eko Atlantic City, Lagos. Designed to merge the elegance of luxury hospitality with the warmth and freedom of home, Heliconia Park offers an unparalleled living experience for both local and international guests seeking sophistication, comfort, and world-class service.
Nigeria’s Top Young Spellers Set for Historic Showdown
The stage is set for the grand finale of the Spelling Bee in Nigeria (SpIN), happening on Saturday, February 15, 2025, at the U.S. Consulate’s Residence in Lagos. Sixty-four exceptional finalists from Abuja, Lagos, Osun, and Taraba States will compete for the championship title in a landmark event that marks Nigeria’s debut in the prestigious Scripps National Spelling Bee, USA.
Tuesday, 4 February 2025
LG Electronics Wins Big at CES 2025, Announces Cutting-Edge Products for Nigeria
LG Electronics has reinforced its status as a global technology leader by earning over 100 prestigious awards at CES 2025. Celebrated for groundbreaking innovations across multiple categories, LG continues to push the boundaries of technology with consumer-focused solutions that set new industry standards.
African Union and AFRIMA Strengthen Ties with Formal Partnership Agreement
On Wednesday, January 29, 2025, the African Union (AU) and the All-Africa Music Awards (AFRIMA) solidified their long-standing partnership by signing a Memorandum of Understanding (MoU) that reinforces their shared commitment to advancing Africa’s creative and cultural industries, particularly in music.
Monday, 3 February 2025
USAID Website Suspended Amid Trump Administration’s Foreign Aid Freeze
The US Agency for International Development (USAID) website unexpectedly went offline on Saturday, raising concerns over the Trump administration’s ongoing freeze on foreign aid and efforts to restructure the agency. The digital blackout follows reports of widespread program suspensions, staff furloughs, and mounting uncertainty about USAID’s future. Critics warn that these actions could weaken US diplomatic influence, disrupt global humanitarian efforts, and endanger millions of vulnerable people worldwide.
Oando Reports N4.1 Trillion Revenue and N65.5 Billion Profit After Tax in FY 2024, Setting Stage for 2025 Growth
Oando PLC, Africa’s leading integrated energy company listed on the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), has announced a strong financial performance for Full Year (FY) 2024, with revenue surging by 45% to N4.1 trillion, compared to N2.9 trillion in FY 2023. The company also posted a 9% increase in profit after tax (PAT) to N65.5 billion, demonstrating resilience and strategic growth amid industry challenges.
67th GRAMMY Awards Unite Music Community for Los Angeles Wildfire Relief and First Responder Tribute
...Telecast Showcases Fundraising Efforts, Local Business Recovery, and Honors Firefighters
The 67th Annual GRAMMY Awards went beyond celebrating music’s biggest night, using its platform to support Los Angeles wildfire relief efforts and honour the bravery of first responders. The telecast paid tribute to the resilience of Angelenos, featuring special guests including firefighters and students from schools affected by the fires.
WAEC Exams Remain Free in Lagos, TCC Requirement Stands - LIRS
The Lagos State Internal Revenue Service (LIRS) has reaffirmed that the West African Examinations Council (WAEC) registration remains free for Senior Secondary School (SS3) students in state-funded schools under the Lagos State Government’s free education policy. This initiative, part of the THEMES PLUS agenda, aligns with the government’s broader commitment to providing essential public services, including affordable housing, healthcare, transportation, youth empowerment, and improved infrastructure.
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