BUSINESS
TECH
3rd May 2024
Generative AI has become a transformative force for businesses seeking to enhance visibility and drive growth. By harnessing this technology, companies can create unique content, streamline marketing efforts, and engage customers in new ways. Here’s how leveraging generative AI can help businesses gain more visibility and fuel their growth. Read more about Business What Is … Continue reading Leveraging Generative AI for Business Visibility and Growth
BUSINESS
2nd May 2024
Renda, a Nigerian logistics firm with clients such as Jumia and MarketForce, has clinched $1.9 million in pre-seed funding, comprising a blend of $600,000 in debt and $1.3 million in equity. This financial injection is poised to catapult Renda’s already thriving operations from its current stronghold in 15 Nigerian cities into the promising markets … Continue reading Renda Raises $1.9 Million for Nigeria, Kenya Expansion
South Africa is currently the largest gold miner on the continent and the sixth largest gold miner globally. Nigeria has therefore decided to partner with South Africa in exploring collaborative ventures to develop artisanal and small-scale gold mining in Nigeria.
This partnership will see Nigeria acquire mining equipment and expertise from South Africa owing to the many artisans operating in the country’s developing mining sector. Nigeria’s Minister of Steel and Development, Musa Sada reiterated this point in an interview in Abuja, “Our focus is on gold because we have a lot of artisanal and small-scale miners. We realized that we are wasting a lot of resources and not getting as much as we should from mining. So we need to improve on our mining technology and commodity pricing.”
Most of Nigeria’s gold deposits can be found in the northern states and currently, gold mining in Nigeria constitutes less than one percent to the country’s GDP.
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