investment + June 2018

Nigerian Logistics Startup Kobo360 Raises $1.2 Million

When Nigerian logistics startup Kobo360 interviewed for Y-Combinator’s 2018 cohort a question stood out to founder Obi Ozor. “‘What’s holding you back from becoming a Unicorn?’ they asked. My answer was simple: ‘working capital,’” said Ozor. Kobo360 was accepted into YC’s 2018...
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ALE Expands Heavy Lifting Services in Nigeria

ALE Heavylift, Staffordshire-based global solution provider in heavy transport and lifting, has opened a new office in Nigeria, aiming to deliver its strategic heavy-lift services to a wide range of sectors in the country Describing Nigeria as ‘one of the...
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Kebbi gets 1st Rice Farm Supermarket

A supermarket and resource center where rice farmers and other farmers could access agro-inputs, tractor, agricultural machineries such as power tillers, plow, planters and threshers has opened in Birnin Kebbi, Kebbi State. The supermarket is a collaborative effort of the...
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Kano Signs Friendship Pact with Hunan Province, China

The Kano State Government and the Hunan Province of the People’s Republic of China have signed a friendship agreement that will cover several areas of bilateral cooperation. The Director-General of Foreign Affairs, Office of Hunan Provincial Government, Mr. Xu Zhengxian,...
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June 2018 FGN Bond Auction Oversubscribed

The Federal Government of Nigeria (FGN) Bond Auction for June 2018, has been oversubscribed once again. A statement from the Debt Management Office (DMO) last night said the auction which held on Wednesday June 27, 2018, was “oversubscribed as investors...
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Oranto Petroleum to Explore for Oil in Zambia

Pan-African firm Oranto Petroleum said on Wednesday it would start exploring for oil in Zambia after it was awarded two blocks, its first investment in the southern African nation. Zambia does not produce oil, but the government says soil samples...
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