Ontario-based international automotive trading platform TRADE X announced on Monday (Nov. 21) that it has expanded its business-to-business (B2B) online vehicle marketplace into Ghana. With the opening of an office in Accra and the launch of new trade routes for importing pre-owned vehicles from North...
The struggle against price inflation has been felt worldwide, but in Ghana, the problem has been made worse by an ongoing devaluation of the local currency. In fact, the cedi currency has plummeted more than 40% against the dollar this year, while consumer inflation hit...
With presidential assent marking its final passage into law, the Nigeria Startup Bill has become the Nigeria Startup Act as of Wednesday (Oct. 19). Intended to foster innovation and create a hospitable environment for new businesses, the act first defines what type of business gets...
Fidelity Bank has partnered with Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) to try and bridge the gap in helping smaller businesses get funding, a company blog post said. The company said the partnership will bolster what it’s already doing in Nigeria to support...
June 17, 2022
It seems like an exciting time for PayTech — payments technology — in Africa. Across the continent, central banks and regulators are joining forces with the private sector to deliver a more streamlined, increasingly digitized payment ecosystem to meet the growing consumer preference for faster, convenient and frictionless electronic payment options. Related news: Bank of […]
February 16, 2023
South Africa-based telecom MTN will reportedly invest $1 billion in Ghana. The investment — which is to be made over the next five years — was announced after the Ghanaian government canceled a $773 million tax claim against the firm’s local office, Reuters reported Wednesday (Feb. 15). The Ghana Revenue Authority had demanded the payment […]
November 21, 2022
Ontario-based international automotive trading platform TRADE X announced on Monday (Nov. 21) that it has expanded its business-to-business (B2B) online vehicle marketplace into Ghana. With the opening of an office...
September 26, 2022
Fidelity Bank has partnered with Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) to try and bridge the gap in helping smaller businesses get funding, a company blog post said....
September 26, 2022
Restaurant procurement platform Vendease raised $30 million in a mix of equity funding and debt financing to expand its marketplace across Africa and consolidate operations in Nigeria and Ghana. The...
