FINANCE AND INVESTMENT

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Dangote Refinery Completion

Africa’s Largest Oil Facility – Dangote Refinery Nears Completion

More than 650000 barrels per day (bpd) will be processed in the first half of 2021 as the new $15bn Dangote refinery nears completion. Dangote Refinery Facility The Dangote Refinery, which is situated on 6,180 acres (2,500 hectares) of land, is expected to be Africa’s biggest oil refinery and the […]

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Kenyan E-Commerce Startup Sokowatch Raises $14M, Eyes Expansion

Sokowatch, a Kenyan based B2B commerce startup that connects informal retailers directly to local and multinational suppliers, has just raised $14m in a Series A round. The Series A funding round was led by Quona Capital, with Vertex Ventures, 4DX Ventures, Timon Capital, Amplo, and Breyer Capital, also participating in Sokowatch’s USD 14 […]

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US Secretary Of State Blasts Corruption, Promotes U.S. Business in Africa Trip

US Secretary of State Mike Pompeo denounced corruption and touted US business on the second leg of an African tour of Angola on Monday, where the government seeks to recover billions of dollars looted from state coffers. In a bid to promote U.S. investment as an alternative to Chinese loans, […]

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Bitfxt

Nigerian Crypto Platform Bitfxt Lands $15m from UK Investors

Nigerian crypto investment platform Bitfxt has announced that it has raised $15 million from a British hedge fund syndicate and a British company, Payitup Clearinghouse. The startup, founded in 2016 by Franklin Peters, allows users to buy and sell digital currencies like bitcoin and Ethereum. Payitup Clearinghouse – the parent […]

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