In a recent development, Nigerian fintech company Payday is reportedly in discussions with potential buyers for the sale of the company. This move comes just six months after Payday successfully secured $3 million in a seed funding round, indicating a significant shift in the company’s strategy. Moniepoint’s Interest and Past Connections Moniepoint, which previously led … Read more
Ghana’s Ongoing Debt to the IMF Ghana has retained its position as the African country with the highest indebtedness to the International Monetary Fund (IMF). Over the considered period, Ghana’s debt to the IMF increased by 35.55%, as per data from the IMF’s Quarterly Finances for July-ending 2023. A Significant Share of Ghana’s Total Loans … Read more
The gender wage gap remains a persistent challenge in many societies, reflecting disparities in income earned by men and women. Data from the first quarter of the 2022 Annual Household Income and Expenditure Survey (AHIES) in a certain region has unveiled critical insights into this issue, shedding light on the extent and factors influencing wage … Read more
Ugandan agritech company Emata is making waves in the world of farming with its innovative approach to financing. The startup has successfully raised $2.4 million in seed funding, consisting of $800,000 in equity and $1.6 million in on-lending capital. Investors Backing the Agricultural Revolution This fundraising round saw support from various influential investors, including: Emata’s … Read more
In a strategic move to navigate challenging economic conditions, Ghanaian startup mPharma has decided to downsize its workforce, resulting in the layoff of approximately 150 employees. This significant development reflects the company’s commitment to sustainability and its determination to continue serving its customers effectively. Here are the key details: Focusing on the Core: Mutti Pharmacy … Read more