Category: Business

American firm Stripe acquires Nigeria’s Paystack for $200M+

By Ingrid Lunden | Techcrunch

Stripe is acquiring Paystack, a startup out of Lagos, Nigeria that, like Stripe, provides a quick way to integrate payments services into an online or offline transaction by way of an API.

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Chi Uwazurike | Nigerian designer brings unique clothing, special vibe, to Royal Oak

By Chanel Stitt | Detroit Free Press

With the goals of diversity, inclusion and positive vibes, Lé Don Collection, owned by Nigerian Chi Uwazurike, is a space meant for customers and visitors to have a unique fashion experience.

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Company Targeting Kenyans in Diaspora Obtains Fund Manager License

By John Wanjohi  | Mwakilishi.com

African Diaspora Asset Managers (ADAM) Limited, which is targeting Kenyans and other African clients abroad, has been granted a fund manager’s license by Kenya’s Capital Markets Authority (CMA).

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Adelove Shipping opens new locations in Oklahoma City and Tulsa

By Vanguard

Do you live around Oklahoma City, Tulsa in the State of Oklahoma? And you’ve been checking for an affordable freight forwarding company that ships from USA to Nigeria as well as delivering cargo from Nigeria to USA?

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Nigeria-Inspired Fintech Esusu Raises $2.3 Million in Seed Extension to Fuel Its Expansion to 1M Rental Units

By Tomiwa Onaleye | TechNext

U.S-based Fintech firm, Esusu Financial has raised a $2.3 million in seed extension to boost its expansion plans in the States. The funding round was led by Acumen Fund, Concrete Rose Capital, Global Good Fund, Impact America Fund, Next Play Ventures, and Zeal Capital Partners.

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Akon | R&B Singer Moves Ahead With $6Billion ‘Akon City’ in Senegal

By Babacar Dione | The Associated Press

American R&B singer Akon is moving ahead with plans to create a futuristic pan-African city, announcing Monday that construction will begin next year on the $6 billion project despite global tourism’s uncertain future.

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Meet Kenyan Family Reaping Big From Traditional Vegetables in US

By MICHAEL MUSYOKA | Kenyans.co.ke

Agriculture is a lucrative venture to undertake in the country but few have taken on the income-generating activity beyond the African borders.For Henrietta Moraa Isaboke, who has lived in the US for 19 years, farming was an activity like many she had not foreseen herself undertaking that turned out to be the family’s pride.Speaking to Kenyans.co.ke, the farmer who specialises in traditional vegetables like Managu for Kenyans living in the US, explained that it is a fullfilling venture which resulted in immense gains for the family.

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Afro-Caribbean lounge, Savor Wynwood berths in Miami

  • By Blueprint Newspapers Limited

The Caribbeans and Africans, particularly Nigerians in Miami area and beyond are in for a big treat as an upscale lounge, Savor Wynwood has berthed.

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Nespresso reinvigorates Congolese coffee economy with new organic offering

 by Benjamin Ferrer | Food Ingredients First

Nespresso’s first organic coffee within its philanthropic Reviving Origins range has hit the US market. Kahawa ya Congo is sourced from rain-rich volcanic soils along the shore of Lake Kivu in the Democratic Republic of the Congo. The coffee giant aims to provide improved access to clean water and health services to growers of the crop, while also helping guide farmers through sustainable practices.

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Biggest IPO by an African company in America is underway


By Olumide Adesina | Nairametrics

Wireless towers operator, IHS Holding Ltd., is considering a potential initial public offering on the New York Stock Exchange. Wendel SE, a shareholder in the company, disclosed this today, whilst noting that the deal could become the biggest listing ever by an African company in the United States.

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