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Nigerian Fintechs Secure $243m Funding, Trail Egypt, South Africa, Kenya

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Nigeria’s fintech startups amassed $243 million in funding over the past year, marking the lowest among the “Big Four” African nations, according to data from Afridigest, an African data and research platform….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

Despite a 16% funding decline in Nigeria for 2023, noteworthy startups like Moove ($66 million) and Lemfi ($33 million) successfully raised substantial amounts.

Among the Big Four nations, Egypt took the lead in 2023, securing the highest fintech funding with $541 million, followed by South Africa ($367 million), Kenya ($301 million), and Nigeria ($243 million).

While Nigeria experienced the highest number of deals reported in one year (60 deals), South Africa had 25 deals, Kenya had 23, and Egypt recorded 17, as outlined in the report. A total of 150 African fintech startups collectively announced raising $1.55 billion in risk capital through 169 transactions.

Despite an overall 24% decline in fundraising compared to the same period in 2022, the report highlighted a notable disparity when distinguishing between equity and debt financing. Equity funding for African fintech companies dropped by 43% in 2023 compared to the previous year. In contrast, debt financing exhibited robust growth, surging by 34% to $647 million.

The top three fintech sectors that attracted the most funding were the Banking/Lending sector, payments/cards, and financial management solutions.

The rise in debt financing suggests a shift in investment strategies among venture capitalists and private equity firms, who are becoming more discerning in the wake of global economic volatility and inflationary forces.

Experts believe that this trend reflects a global response to economic uncertainties, prompting investors to reevaluate risk appetite, especially in the tech ecosystem.

In Africa, investors are seeking greater assurances from founders and tech companies before committing to fund their ideas.

The funding landscape indicates a nuanced evolution in the dynamics of fintech investments across African nations, with each country showcasing distinct patterns in fundraising and investor preferences.

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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.

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UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶

  • Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.

  • Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.

  • Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.

  • Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.

  • Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.

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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.

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Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶

  • Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.

  • Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.

Frank Tietie’s Position

  • During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.

  • Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.

  • He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.

  • Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.

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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.

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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶

  • The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.

  • The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.

  • The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.

  • Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”

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