August 2022

Early-stage venture capital firm Microtraction recently announced the first close, at US$15 million, of its second fund, Microtraction Community Limited. The investment vehicle aims to make at least 60 commitments in African startups and provide 20% of…

Actis, a leading global investor in sustainable infrastructure has recently concluded a first close of its real estate fund, Actis West Africa Real Estate Income Fund at $45 million. Anchor investors in the first close included Stanbic…

Nigeria’s B2B e-commerce company, Omnibiz, said it has closed a $15 million pre-Series A round comprising $5 million equity and $10 million debt. Omnibiz said it will use the funding to double down on winning the loyalty…

Pastel, a Nigerian digital bookkeeping platform for traders, announced Monday it has raised a $5.5 million seed round. The round, led by pan-African venture capital firm TLcom Capital, included other VC firms such as Global Founders Capital…

Koolboks, the sustainable cooling company providing accessible cold storage solutions to businesses across Africa, has closed a $2.5 million Seed funding round. The round was led by Aruwa Capital Management and with participation from Acumen, Blue Earth…

FMDQ Securities Exchange Limited (FMDQ), through its Board Listings and Markets Committee, has approved the registration of the Sundry Foods Limited N10 billion Commercial Paper (CP) Issuance Programme on its platform. The successful registration of this CP…

Neveah Limited, a commodity trading company dealing in the export of solid minerals and agricultural products, has announced the completion of its Series 5 Commercial Paper Issuance. The issuance was subscribed to by investors including asset managers…

Construction firm Julius Berger Nigeria Plc will commission a cashew processing plant in Lagos next month, according to a statement by the firm seen by PREMIUM TIMES, the latest phase in its push to branch out into…