CBK approves Access Bank’s acquisition of the struggling National Bank of Kenya
The Central Bank of Kenya (CBK) and the National Treasury have approved Access Bank’s acquisition of the struggling National Bank of Kenya, nearly one year after the Nigerian lender first expressed interest in the deal. The transaction is still subject to Nigerian authorities’ approval. In a public notice on Monday,
Revenue-based Financing: Everything You Need to Know
Revenue-based financing presents a compelling alternative for businesses seeking growth capital without the downsides of traditional loans or equity financing. Its flexible repayment structure, non-dilutive nature, and alignment with business performance make it an attractive option for many enterprises. As the global market continues to evolve, RBF is set to
“If Mercy Does Not Post it, I Know This News is Not True” – Mercy Obidake, CEO of MO Media
Mercy Obidake is a Nigerian blogger, journalist, a PR strategist, and the CEO of MO Media, a company with the vision to inform, educate, entertain, and impact society. She shares her inspiring journey of building a successful media company from scratch. From overcoming challenges to achieving milestones, Mercy opens up about her
Top 100 Business Ideas in South Africa This Year
Starting a small business in South Africa can be rewarding, especially if you identify a niche that meets local needs or leverages your skills. From online-based services to traditional enterprises, here are 100 business ideas in South Africa that you can start with relatively low capital. About South Africa The
Top 100 Business Ideas in Seychelles This Year
Starting a business in Seychelles can be rewarding, especially if you identify a niche that meets local needs or leverages your skills. From online-based services to traditional enterprises, here are 100 business ideas in Seychelles that you can start with relatively low capital. About Seychelles Seychelles lies northeast of Madagascar,
Alternative Financing in Africa: Unlocking Capital for Growth and Innovation
In Africa, traditional banking systems have long posed challenges for individuals and businesses seeking financial support. Limited access to credit, stringent collateral requirements, and underdeveloped financial infrastructures have often hindered economic progress. However, the rise of alternative financing offers a beacon of hope, providing diverse and innovative funding solutions tailored
Top 100 Business Ideas in Comoros This Year
Starting a small business in Comoros can be rewarding, especially if you identify a niche that meets local needs or leverages your skills. From online-based services to traditional enterprises, here are 100 small business ideas in Comoros that you can start with relatively low capital. About Comoros The Comoros is
100 Business Ideas in Sao Tome and Principe This Year
Starting a small business in Sao Tome and Principe can be rewarding, especially if you identify a niche that meets local needs or leverages your skills. From online-based services to traditional enterprises, here are 100 small business ideas in Sao Tome and Principe that you can start with relatively low
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9 Unicorns in Africa [Everything You Need to Know]
The African tech ecosystem has witnessed a remarkable transformation over the past two decades, giving rise to a new generation of billion-dollar companies known as unicorns. These companies, spanning sectors such as fintech, digital banking, and cross-border payments, have not only disrupted traditional industries but also attracted global investment and
FairMoney grew revenue to ₦121.9 billion in 2024
Nigerian consumer-focused lending fintech, FairMoney grew revenue to ₦121.9 billion in 2024, as it relied on customer deposits for lending operations, according to its unaudited financial report. The company’s profit after tax rose to ₦7.9 billion from ₦780 million in 2023. For the first time since FairMoney began accepting deposits in
