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Top Innovation-village.com News

Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft · United States

Microsoft laying off about 9,000 employees in latest round of cuts

48% Center coverage: 258 sources
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC.See the Story
Nigeria: Okra Co-Founder Fara Ashiru Jituboh Exits as Startup Shuts Down
Startups · Nigeria

Nigeria: Okra Co-Founder Fara Ashiru Jituboh Exits as Startup Shuts Down

100% Center coverage: 1 sources
TLDRSee the Story
Africa Launches PAPSSCARD to Boost Financial Sovereignty and Trade
International · Abuja

Africa Launches PAPSSCARD to Boost Financial Sovereignty and Trade

100% Center coverage: 1 sources
Launching the initiative, Professor Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank, highlighted the card's transformational impact on intra-African financial transactions.See the Story

Federal Gov't Launches $40m ICT Revolution In 10 Varsities

The Federal Government has launched the Blueprint ICT Development (Blueprint-ICT-Dev) Project, a $40 million initiative aimed at driving digital transformation in 10 selected federal universities across the country. The Blueprint-ICT-Dev Project is designed to strengthen institutional ICT infrastructure, enable hybrid and cross-border learning, improve education data systems for evidence-based policymaking, promote technical and vocational educa…Innovation · NigeriaSee the Story

African Fintech Wave Secures $137M Debt Funding to Expand Mobile Money Footprint

Wave Mobile Money, a mobile financial service that offers affordable solutions for saving, transferring, and borrowing money across Africa, has secured $137 million in debt financing to expand operations across existing and new markets. The funding led by Rand Merchant Bank (RMB) and backed by global development finance institutions, including British International Investment (BII), Finnfund, […] The post Wave Secures $137M Debt Funding to Expan…FinanceSee the Story

Swypex launches Egypt’s first approval-based limits card - Innovation Village | Technology, Product Reviews, Business

Swypex, an Egyptian fintech startup offering an all-in-one financial management platform, has unveiled a groundbreaking product: Egypt’s first approval-based limits card. This innovative solution is designed to modernize how businesses manage and control corporate spending, offering a new level of precision, transparency, and operational efficiency. Founded by Ahmad Mokhtar, Tarek Mokhtar, and Sasan Hezarkhani, Swypex is fully licensed by the Ce…Startups · EgyptRead Article

Knife Capital celebrates 15 years with Series A investments in Sticitt and Optique - Innovation Village | Technology, Product Reviews, Business

Knife Capital, a leading South African venture capital firm, has marked its 15th anniversary by announcing new Series A investments in two high-growth South African startups: Sticitt, a fintech innovator in school payments, and Optique, a disruptor in the optometry space. Founded in 2010, Knife Capital is a pan-African VC firm with a mission to accelerate the global expansion of innovation-driven businesses. With offices in Cape Town, London, an…Cape Town · Cape TownSee the Story

Enko Capital secures IFC backing for $150M Impact Credit Fund targeting African mid-market growth - Innovation Village | Technology, Product Reviews, Business

Enko Capital, a pan-African investment firm specializing in frontier and emerging markets, has secured a major commitment from the International Finance Corporation (IFC) for its newly launched Enko Impact Credit Fund (EICF)—the firm’s first private credit vehicle. The IFC, a member of the World Bank Group, has pledged to invest up to $25 million, or 20% of the fund’s total commitments, whichever is lower. This anchor investment underscores the …Read Article

Yikodeen secures $1.5M investment from Aruwa Capital to scale safety footwear manufacturing in West Africa - Innovation Village | Technology, Product Reviews, Business

Yikodeen, a Nigerian manufacturer specializing in safety footwear, has secured a $1.5 million investment from Aruwa Capital Management, a gender-lens private equity firm focused on West Africa. The funding, drawn from Aruwa Capital Fund II, will be used to significantly expand Yikodeen’s production capacity and deepen its market presence across Nigeria and the broader West African region. Founded in 2016 by Shamsideen Atunde, Yikodeen began as a…Nigeria · NigeriaRead Article

Globeleq to acquire majority stake in Zambia’s Lunsemfwa Hydro Power Company - Innovation Village | Technology, Product Reviews, Business

Globeleq, a leading independent power producer focused on Africa, has entered into a definitive agreement to acquire a 51% equity stake in Lunsemfwa Hydro Power Company (LHPC), a Zambian renewable energy company. The stake is being sold by Agua Imara, a subsidiary of Norfund, the Norwegian investment fund for developing countries. LHPC, headquartered in Kabwe, Central Province of Zambia, currently operates two hydroelectric power plants with a c…Kabwe · KabweRead Article

Mediterrania Capital Partners closes €600 million fund to accelerate mid-cap growth across Africa - Innovation Village | Technology, Product Reviews, Business

Mediterrania Capital Partners, a private equity firm specializing in growth investments across the African continent, has announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million. This marks a major milestone for both the firm and the broader private equity landscape in Africa. Structured as a 10-year closed-end fund, MC IV is designed to support established mid-sized com…Read Article

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