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Chipper Cash Raises $100Mn In Series C Round, Attains Unicorn Status
Africa’s fast-growing financial technology (fintech) startup, Chipper Cash, has raised $100million in a Series C funding round, thereby pushing the fast-growing digital financial services provider to Unicorn status in Africa Led by SVB Capital, the investment arm of U.S. high-tech commercial bank, Silicon Valley Bank, the funding round also featured existing investors, namely Deciens Capital, […]
Nigeria’s Capital Importation Dips By 78.6% YoY In Q2, 2020
The National Bureau of Statistics (NBS) has reported that Nigeria received $1.29 billion capital importation (inflows) in the second quarter (Q2) of 2020. This represented a decrease of 78.6% when compared to Q2, 2019 and 77.9% decrease compared to $5.85 billion in Q1 2020. According to the latest Nigerian Capital Importation report released by the […]
Low/Middle Income Nations External Debt Hits $7.1Trn – World Bank
The World Bank has reported that the total external debt of low- and middle-income countries rose 10 percent in 2017 to $7.1 trillion, representing about four percent increase over the 2016 debt stock. The Bretton Woods institution stated this in its just published International Debt Statistics, IDA, 2019 which presents statistics and analysis on the […]