Fintech startup, Afriex, has raised a seed funding round worth US$1.2 million as it bids to scale its payments and remittances platform across Africa. Founded in late-2019, Afriex provides instant, zero-fee transfers to Africans at home and in the diaspora. The startup’s platform allows users to deposit cash on the app, send money to a bank account or another user, and withdraw money to a connected bank or debit card.
Continue reading “Afriex raises $1.2M for African expansion”
by Philip Georgiadis and Kaye Wiggins | Financial Times
Global Infrastructure Partners, the private equity firm founded by Nigerian-born billionaire, Adebayo Ogunlesi, has agreed to buy private jet services company Signature Aviation for £3.4bn, outbidding buyout group Blackstone and Bill Gates’ wealth manager Cascade Investment.
Continue reading “Adebayor Ogunlesi | Global Infrastructure Partners agrees £3.4bn deal for Signature Aviation”
NEW YORK, /PRNewswire/ — Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor founded by Nigerian-born billionaire, Adebayo Ogunlesi, has announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP’s fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor.
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By EDDY MWANZA | Kenyans.co.ke
A group of at least 300 Kenyans currently living in the United States of America has teamed up to embark on a multi-million housing project in Nairobi. Christened Kitisuru Amani Gardens, the housing project is located slightly off Limuru Road, with the adjacent suburbs comprising of Runda, Rosslyn, and Muthaiga.
Continue reading “300 Kenyans in America Team Up to Build Multi-Million Estate in Nairobi”
By TAGE KENE-OKAFOR | Techpoint Africa
Following its expansion to South Africa, Kiakiaprint, a Nigerian print-on-demand startup, is now live in the North American countries of Canada and the US. The expansion news coincided with the startup’s partnership with online design and publishing company, Canva.
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By ELIZABETH MEHERT-AB | 303magazine.com
Global beauty routines have changed the Western lexicon when it comes to hair and skin care. K-Beauty (products from South Korea), J-Beauty (from Japan) and other globally-inspired trends keep growing in popularity. On top of that, natural, organic and clean ingredients have become a priority for health-conscious beauty consumers pushing companies to think outside of the box.
Continue reading “Grace Kinda | This Kenyan entrepreneur Brings African Beauty Knowledge to Colorado and the West”
By Jake Bright | Techcrunch
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos.
Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled.
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By Jyotsna Basotia | meaww
Inspired by Ethiopian national beverage t’ej or honey wine, Bee D’Vine was the real winner on ‘Shark Tank’ this week. Ayele Solomon, a conservationist and Food & Magazine Tastemaker, presented his product seeking $750,000 for 20 percent equity and it would be an understatement to say that he impressed all the sharks — Mark Cuban, Kevin O’Leary, Lori Greiner, Robert Herjavec and recurring Shark Daniel Lubetzky.
Continue reading “Ayele Solomon | Ethiopian winemaker accepts $750,000 investment offer from four sharks on “Shark Tank””
By GLOBE NEWSWIRE
NEW YORK — Verityhurst (Pty) Ltd, a South African-based Private Equity firm announces its North America operation offices will be opening in November 2020. The North America operation office will be located in New York City, and will be headed by a Vice President, who will be recruited in NYC.
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By Kay Ugwuede | TechCabal
Two years ago, according to a Pew Research Center study, about 45% of Nigerians had plans to leave the country within the next five years, more people than in all other surveyed countries. Many cited the grim economic and political future of the country. Some cited security concerns. If this survey were to be conducted at this time, with the events of October in sharp focus, perhaps this number will double.
Continue reading “Movemeback | Want to come home? This startup is helping diasporans return to the African continent”