Deals and Investment

Microsoft Corporation recently announced that it has partnered with the Nigerian government to accelerate the country’s digital transformation, following a discussion the tech giant had with Nigeria’s vice-president, Yemi Osinbajo in January this year. This is not the first time Microsoft would support Nigeria’s tech ecosystem. In 2019, the corporation…

Legal Lens and BriefCo, both based in South Africa, have received funding from local venture capital company Imvelo Ventures in a cash-for-future-equity deal to help them grow.

Education technology startup based in Kenya, Kidato, has raised a seed investment of US$1.4 million. The fund is expected to power the company’s product development and aid its growth. The latest funding comes after Kidato was accepted into the Silicon Valley-based accelerator Y Combinator Winter 2021 batch, through which it…

Okra Inc., a Nigerian API fintech startup, has secured $3.5 million worth of seed funding round. Business Elites Africa understands that the round was led by American VC firm Susa Ventures, with participation from the likes of Accentures and TLcom Capital.

Africa’s biggest retail chain, Shoprite, has concluded arrangements that would lead to its final exit from Nigeria, an exclusive report by Reuters stated on Wednesday, April 15. A Nigerian real estate group, Persianas, owned by Nigerian billionaire, Tayo Amusan, is said to have won the bidding process for the takeover…