Business Fintech

OPay raises fresh $120 million Series B funding

Just a short while after securing the approval of Nigeria’s Apex Bank, Central Bank of Nigeria (CBN), to commence international money transfer in Nigeria; the Nigeria-based fintech company OPay has raised $120 million Series B funding from a group of Chinese investors. Participating in the round include existing investors Meituan-Dianping, Source Code Capital, IDG Capital, Sequoia China and GSR Ventures who funded the company’s $50 million raise in July.

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Game Production Acceleration Programme for African Designers/Entities Opens

In the wake of the Enter Africa programme, a project implented by Goethe Institut accross 15 African Countries (Senegal, Cote D’Ivoire, Ghana, Burkinna faso, Togo, Cameroon, South Africa, Nigeria, DRC, Uganda, Ethiopia, Kenya, Tanzania and Namibia), the network and Goethe Institut have been developing new ways for future cooperation and partnerships across and beyond the continent.