Zeepay raises equity from Africa50, leading institutions to support expansion

Zeepay raises equity from Africa50, leading institutions to support expansion

The investment was led by Africa50 and Oikocredit, with participation from Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund. The transaction also included a follow-on investment from Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs II (IPAE 2) investment vehicle. The investment will support the expansion of Zeepay’s cross-border remittances and…

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Ghana court arraigns 2 Nigerians over narcotic drugs

Two Nigerians have appeared before an Accra Circuit Court possessing quantities of cannabis and methamphetamine under the pretext of trafficking those drugs without authority. Daniel Njuoku, a 37-year-old businessman, was being held for possessing cannabis with a net weight of 28,844.60 grammes and Lucky Igbojoinu, a labourer, was charged for possessing methamphetamine with a net…

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Court sentences 19-year-old carpenter to 50 years imprisonment for defiling primary 2 pupil

Court sentences 19-year-old carpenter to 50 years imprisonment for defiling primary 2 pupil

19-year-old carpenter, Francis Cudjoe, has been sentenced to 50 years imprisonment by the Tarkwa Circuit Court for defiling a Primary Two pupil. According to Ghana News Agency, Cudjoe pleaded guilty with an explanation, but the court overruled it. Although the carpenter was charged with defilement on counts one and two and was sentenced to 25…

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