Hohm Energy Faces Financial Struggles Despite Raising $12M in Two Years
A South African climate startup, Hohm Energy faces financial struggles despite raising about $12M in two years. Hohm is focused on helping the transition to solar for individuals and businesses and recently halted operations due to financial difficulties including challenges in servicing existing debts. According to Franc Gray, CEO of
Top 17 Delaware Small Business Grants This Year
When you want to convert your idea into a small business or a startup, there are several processes you will have to go through to make the idea a success. One of the essential aspects of any new business is funding, which helps you to manage its initial formation costs and the
Egypt’s Lucky ONE Secures $3M to Expand Operations and Enter New Markets
Egypt’s Lucky ONE secures $3M in a convertible bond round to expand its credit platform and facilitate entry into new regional markets over the next two years. The funding round saw participation from existing investors, including Lorax Capital Partners, KEM, and DisrupTech Ventures. With this funding, the fintech also aims
MTN Nigeria Renegotiates Tower Deal with IHS and ATC
MTN Nigeria renegotiates tower deal with IHS and ATC after a service revenue decline in Q1 2024. The agreement will cover over 13,500 tenancy contracts through December 2032, including renewing 1,430 MTN Nigeria tenancies. Out of these, 2,500 will expire at the end of 2024. With a USD component linked
MTN Exits One of its West African Markets, Completes Sale to Telecel
MTN exits one of its West African markets, completes sale to Telecel in Guinea-Bissau. The deal, pending regulatory approvals, has been finalized after receiving all necessary approvals. This move aligns with the Group’s strategic aim of accelerating portfolio transformation and is believed to be in the best interests of MTN
26 Incredible Things to Do in Seychelles This Year
Wondering things to do in the Seychelles? There are countless places of interest in this beautiful country of Seychelles. Aside from several popular tourist attractions, there are many interesting places too. Because to come to this beautiful country and only laze on those fabulous beaches is to do yourself a
Sendsprint Acquires Nobel Financial to Strengthen Operations in the US
Sendsprint acquires Nobel Financial Inc. for an undisclosed fee. Damisi Busari, an ex-Flutterwave executive, founded the startup in 2022 with the promise of facilitating transfers for a flat fee of $5. The startup says it processes transfers within 30 minutes and now has operations in Nigeria, Ghana, Kenya, South Africa,
CBN Approves Providus Bank and Unity Bank Merger
CBN approves Providus Bank and Unity Bank merger. Per a statement by the apex on the X (formerly Twitter), the move is designed to bolster Nigeria’s financial system. This news comes months after Providus Bank made moves to acquire a major stake in Unity Bank. According to the CBN, it
Meta Rolls Out Monetization Tools for Content Creators in Kenya
Meta rolls out monetization tools for content creators in Kenya, which would them allow them earn money. The features, accessible started yesterday, August 6, 2024. It includes in-stream ads and Facebook ads on reels to be placed before, during or after content videos whether prerecorded or live-streamed. This new monetization
High Court Sets Bail Terms for MTN Nigeria Fraudsters
High Court sets bail terms for MTN Nigeria fraudsters amid ₦1.9 billion. The court in Lagos reportedly granted a ₦50 million bail to two persons arraigned for defrauding a telecoms company, MTN Nigeria. The presiding Judge, Justice Akintayo Aluko, granted them bail after hearing two applications from the defendant’s representatives.
