Category: Business

Anthorad Nigeria has recently revealed a new Coolbox technology in collaboration with the International Finance Corporation for meat retailers and other fragile commodities sellers in the Lagos state. During the product launch in the Ode-Eran meat market in the Igando zone of Lagos State, Adegboy

Beyooot, an Egypt based startup has announced its proper functioning in Egypt, becoming the first e-commerce platform specializing in office and home furniture based on the Augmented Reality (AR) technology with a capital of USD 266,541 (EGP 5 million). As per reports, the startup aims to offer f

MFS Africa, which operates the largest digital payments network in Africa, has reportedly raised an additional funding of $100 million in equity and debt, doubling its Series C round over to $200 million. While new investors such as AXA Investment Managers and Vitruvian Partners took part in the

The ICRC (Infrastructure Concession Regulatory Commission) has recently confirmed that Nigeria is all set to start the domestic production of uniforms for its paramilitary and military people from January next year. According to sources, ICRC confirmed that Nigeria is set to start with the local

On 8 June, the American space transportation and aerospace producer- SpaceX- reportedly launched Egypt’s Nilesat 301 telecommunications satellite into the space from the Cape Canaveral Space Force Station established in Florida. Speculations have it that the new satellite may replace the Ni

Dutch-American record label, Universal Music Group (UMG), has reportedly launched its Virgin Music Label & Artist Services in Africa, which will focus on supporting upcoming independent artists, labels, influencers, and entrepreneurs in the region. Virgin Music Label & Artist Services was

Nigeria’s Minister of Housing and Works, Mr. Babatunde Fashola has announced that the completion of Abidjan-Lagos, a 1028-kilometre highway will benefit around 40 million West Africans in the coming years. As per credible sources, the construction of the highway is estimated to be around $1

AkzoNobel, a Dutch chemical company, plans to reinforce its footprint in Africa by reaching an agreement with Kansai Paint, a Japanese, Osaka-based chemical company, to obtain its paints and coatings activities in the region. The deal is expected to be closed during the year 2023. Kansai is pr

The UK is reportedly contemplating guaranteeing at least $1 billion of South Africa’s debt as part of a deal intended to reduce the country’s dependence on coal, in a push toward green energy. According to people familiar with the matter, further talks will take place on how the guara