Olugbenga Agboola is the Co-founder and CEO of San Francisco and Lagos-based Flutterwave. Photo credit: Shoppe Black Face2Face Africa By Abu Mubarik Nigerian fintech startup Flutterwave has reached a $3 billion valuation after raising $250 million in its single-biggest funding round to date. The latest valuation makes it the “highest valued” African startup, it said.

By Anadolu Agency Leaders from the European Union and African Union agreed on Friday to renew their partnership and launch a €150 billion ($170 billion) worth investment package. The European Union-African Union Summit is “something different,” an “opportunity for us to lay the groundwork for a renewed partnership,” Charles Michel, president of the European Council,

File Photo Somali Times/Somalia’s Finance Minister Abdirahman Beileh By Reuters A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are any further delays to elections, the chief International Monetary Fund representative in the country said. Riven by civil war since 1991, the impoverished Horn of

A security officer stands guard at the entrance of Saudi Arabia’s Abqaiq oil processing plant on 20 September 2019 (AFP) By Middle East Eye Saudi Arabia has declined requests from the United States to increase its production of oil in order to reduce gasoline prices, instead sticking to an agreement not to pump more oil

People shop at a market stalls in east London, Britain, January 23, 2021. REUTERS/Henry Nicholls By Reuters British consumer pricesrose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a

Chinese contractors at a site near Isiolo town By Business Daily Africa Chinese contractors firmed their control of Kenya’s public infrastructure after receiving the bulk of the World Bank-funded projects. A sample of recent Kenya National Highways Authority (KeNHA) road projects worth Sh71.9 billion funded by the multilateral lender and the government are all being

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville By Reuters UK shares fell on Monday, as warnings of a Russian invasion of Ukraine sapped appetite for riskier assets, while oil prices at seven-year highs limited losses in heavyweight energy stocks. The blue-chip FTSE 100

Edgar Chibaka and Jamal Tahlil. Photo: First Response Group Face2Face Africa By ABU MUBARIK Edgar Chibaka and Jamal Tahlil co-founded First Response Group, a security firm based in the United Kingdom in 2007. The duo started their firm with a single laptop out of a “cold, run-down office” above an internet cafe in Leeds. Fifteen

The logo of French oil and gas company Total is seen at La Defense business district in Courbevoie near Paris, France, February 8, 2021. REUTERS/Sarah Meyssonnier By Reuters A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms

Photo/Somali Times Somali Minister of Transport and Civil Aviation Duran Ahmed Farah received Qatari Ambassador to Somalia Hassan bin Hamsa Hashem in his office, and discussed a number of issues. The two leaders focused on strengthening cooperation between the governments of Somalia and Qatar, according to Transport and Civil Aviation. Qatar promises to Somalia rebuilding