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Absa and BII
News
Absa Secures $150 Million from BII to Bridge Africa’s Trade Finance Gap
Absa, a leading Pan-African financial institution, has secured a $150 million funding facility from British International Investment (BII) plc to help close Africa's substantial trade finance gap. This financing aligns with Absa's strategic mission to promote sustainable economic growth across the continent, with a primary focus on trade finance support that can stimulate the growth…
October 28, 20240Comments
Starlink
News Opinion
“Did Starlink Bow to NCC Pressure? Behind the Suspended Price Hike in Nigeria”
In early October, Starlink announced a nearly 100% price increase for its Nigerian subscribers, raising its standard subscription from ₦38,000 ($24) to ₦75,000 ($48) and regional roaming fees to ₦167,000 per month. Starlink attributed this change to Nigeria's high inflation rates, aiming to sustain operations while maintaining quality service for its users. This price adjustment…
October 28, 20240Comments
Pargo
News
Pargo Secures $4 Million to Drive eCommerce Logistics Expansion into Egypt
South African eCommerce logistics startup Pargo has embarked on a significant growth trajectory by expanding into the Egyptian market after securing $4 million in funding. With this investment led by 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures, Pargo aims to establish itself as a dominant player in Egypt’s rapidly growing eCommerce sector. Leveraging…
October 25, 20240Comments
News Reviews
The Digital Divide in Nigeria: Challenges and Opportunities
Despite the impressive growth in mobile internet usage, with an astounding 501.99 percent increase over five years, Nigeria faces a significant challenge in digital connectivity. Approximately 120 million Nigerians remain disconnected from the mobile internet, largely due to poor infrastructure and high costs associated with smartphones and internet access. This situation highlights a paradox in…
October 24, 20240Comments

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