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Big news! Newtown Partners and venture capital firm Imperial, in unison, have launched a corporate venture capital (CVC) fund. Through this fund, the firms will invest $20 million in startups rooted in the logistics ecosystem.
Next, Airtel Africa has made moves to boost its offerings in Nigeria. The Telco has purchased an additional 10MHz spectrum worth $94 million to achieve this.
See also: The Big 5 Daily: 9th March, 2020
Guess what? GTBank declared over N18 billion profit in 2019. The bank made N18 billion from its digital banking products and N2 billion from USSD services.
Also, Khazna a fintech platform based in Egypt has secured an undisclosed seed funding from Algebra Ventures led round. The platform will leverage this deal to deepen its offering and expand its services.
Finally, Uber has announced that it will be compensating its drivers diagnosed with or quarantined for up to 14 days due to the Covid-19. This offer is to help keep drivers on the road and in service.
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