News
Maad Secures $3.2 Million Funding to Revolutionize B2B E-commerce in Western Africa
Maad, a rapidly growing B2B e-commerce startup based in Senegal, has announced that it has secured $3.2 million in debt-equity funding from a consortium of investors led by prominent venture capital firms, CDC Group and Proparco, and angel investors. The funding, which was finalized on June 1, 2023, aims to support Maad’s expansion plans across Western Africa. Maad’s platform connects suppliers with businesses, offering a wide range of products, including food, beverages, personal care items, and more. Since its inception in 2020, the startup has made significant strides in Senegal and neighboring countries, with its user base growing exponentially.
The fresh funding will enable Maad to enhance its logistics and technology infra- structure, expand its product offerings, and strengthen its presence in the region. “This investment is a testament to our commitment to revolutionize the B2B e-commerce space in Western Africa,” said Amadou Ba, CEO of Maad. “We’re poised to make a significant impact on the region’s economy by empowering businesses and entrepreneurs.” Maad’s platform has already made a significant impact on the region’s economy by providing businesses with access to a wide range of products, improving supply chain efficiency, and reducing costs. With this funding, Maad plans to expand its operations to other countries in Western Africa, including Nigeria, Ghana, and Côte d’Ivoire. The funding is a significant milestone for Maad, which has been gaining traction in the region’s e-commerce landscape. “We’re thrilled to support Maad’s growth plans,” said CDC Group’s Investment Director, Fatoumata Camara. “Their innovative approach to B2B e-commerce has the potential to trans- form the way businesses operate in Western Africa.” Maad’s success has also attracted the attention of angel investors, who see huge
potential in the startup’s business model. “Maad’s platform has the potential to disrupt the traditional supply chain model in West- ern Africa,” said angel investor, Dr. Abdoulaye Djire. “I’m excited to be part of this journey.” With this funding, Maad is well-positioned to capitalize on the growing demand for e-commerce solutions in Western Africa. The startup’s expansion plans are expected to create jobs, improve economic opportunities, and contribute to the region’s economic growth. In conclusion, Maad’s $3.2 million funding is a significant milestone for the startup and the region’s e-commerce landscape. As Maad continues to innovate and expand, it’s clear that the future of B2B e-commerce in Western Africa looks bright.
News
CARICOM Chair Engages Guyana in Fresh Push for Regional Integration
CARICOM Chair Engages Guyana in Fresh Push for Regional Integration
Chairman of the Caribbean Community (CARICOM), Dr. Terrance Drew, has intensified diplomatic consultations ahead of the 50th Regular Meeting of the Conference of Heads of Government, with a high-level visit to Guyana over the weekend.
Dr. Drew, who is also Prime Minister of St. Kitts and Nevis, met with President Dr. Irfaan Ali at the State House in Georgetown on Saturday as part of efforts to consolidate regional consensus before the summit scheduled for February 24 to 27 in St. Kitts and Nevis.
Speaking after the closed-door discussions, Dr. Drew described the engagement as “fruitful,” noting that deliberations centred on strengthening regional integration and advancing shared priorities within the 15-member bloc.
According to him, CARICOM leaders remain committed to deepening cooperation in critical areas including economic resilience, food security, climate action, security collaboration and trade facilitation.
The Guyanese leader, Dr. Ali, was joined by senior government officials and representatives of the Guyana Defence Force during the meeting, underscoring the strategic importance of the talks as regional leaders prepare to chart a common policy direction for the Caribbean Community.
Dr. Drew’s visit to Georgetown forms part of his broader diplomatic outreach since assuming the rotating chairmanship of CARICOM.
In recent weeks, he has held consultations with several Heads of Government across the region to harmonise positions ahead of the milestone 50th meeting.
Among those he has engaged are Prime Minister Dr. Godwin Friday of St. Vincent and the Grenadines, Prime Minister Gaston Browne of Antigua and Barbuda, Prime Minister Kamla Persad-Bissessar of Trinidad and Tobago, Prime Minister Roosevelt Skerrit of Dominica, Prime Minister Dickon Mitchell of Grenada, Prime Minister Philip Davis of The Bahamas, Prime Minister Andrew Holness of Jamaica, and Prime Minister Mia Mottley of Barbados.
The 50th Regular Meeting of the Conference of Heads of Government is expected to review progress on the CARICOM Single Market and Economy (CSME), regional security cooperation, sustainable development strategies and the bloc’s collective response to global economic pressures.
The summit in St. Kitts and Nevis is also expected to set the tone for the Community’s policy direction in 2026, with leaders anticipated to adopt key resolutions aimed at accelerating regional integration and strengthening institutional coordination across member states.
News
UK Court Hears Recordings in Diezani Bribery Trial
UK Court Hears Recordings in Diezani Bribery Trial
A UK court has heard secretly recorded conversations in which a former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, allegedly confronted two oil businessmen accused of bankrolling her luxury lifestyle in exchange for lucrative contracts.
At Southwark Crown Court in London, prosecutors played audio files recovered from a Samsung phone seized during Alison-Madueke’s arrest in 2015.
The recordings, made in 2014, captured conversations between the 65-year-old former minister and oil magnates Olajide Omokore and Kolawole Aluko.
Alison-Madueke denies five counts of accepting bribes and one count of conspiracy to commit bribery.
Prosecutors allege she was provided with “a life of luxury” in the United Kingdom by individuals seeking favourable oil contracts from the Nigerian government during her tenure as petroleum minister between 2010 and 2015.
Omokore and Aluko are not standing trial, but are said to have paid bribes during that period.
In one recording from April 2014, Alison-Madueke was heard confronting Omokore over claims that his wife was spreading information that could implicate her.
“We who are managing the thing have kept quiet… while people like your wife are busy singing all over the place,” she said, adding: “I do not react well to being blackmailed.”
A second recording, made a month later during a meeting with Aluko, captured the former minister criticising what she described as his “lavish, lascivious lifestyle,” warning it was drawing unwanted public attention.
She referenced his associations with high-profile figures, including British supermodel Naomi Campbell, cautioning that such displays were ill-timed.
“As far as everybody’s concerned, you’re a playboy,” she said, warning that intelligence agencies could begin monitoring him because of his conduct and asset acquisitions.
In the audio played to the court, Alison-Madueke expressed anger over suggestions that either man possessed damaging information about her.
“I will be happy to escort all of you to jail along with myself,” she declared. “When it comes to that, I will come out and tell the Nigerian people this is what happened.”
Aluko was heard denying mentioning her name and told the former minister he had placed materials in a safety deposit box that could “save me from jail,” describing himself as flawed but “loyal like a dog.”
Defence counsel previously told the court that Alison-Madueke neither requested nor received financial benefits from the businessmen, noting that they have not been charged or extradited in the matter.
Also standing trial is oil executive Olatimbo Ayinde, 54, who denies one count of bribery relating to Alison-Madueke and another of bribing a foreign public official.
Alison-Madueke’s brother, Doye Agama, 69, a former bishop, also denies a charge of conspiracy to commit bribery.
The trial continues.
News
Senegal Moves to Raise Jail Term for Same-Sex Relations to 10 Years
Senegal Moves to Raise Jail Term for Same-Sex Relations to 10 Years
Senegal’s Prime Minister, Ousmane Sonko, has introduced a bill seeking to double the maximum prison sentence for same-sex relations to 10 years, amid a wave of recent arrests under the country’s existing anti-LGBT laws.
The proposed legislation, approved by the cabinet last week and transmitted to parliament on Tuesday, prescribes prison terms ranging from five to 10 years for what it describes as “acts against nature,” up from the current one- to five-year penalty.
Addressing lawmakers, Sonko said the maximum punishment would apply where the offence involves a minor.
The draft law also defines any sexual conduct between two people of the same sex as an “act against nature.”
In addition, the bill proposes prison terms of three to seven years for individuals found guilty of promoting or advocating same-sex relations.
It also outlines separate sanctions for those who accuse others of homosexuality without proof.
Convicted persons could face fines of up to 10 million CFA francs (approximately $18,000 or £13,000), according to the prime minister, who noted that the offence would remain classified as a misdemeanour under the revised law.
The move follows heightened enforcement actions. Earlier this month, police detained at least 12 men, including two public figures and a prominent journalist, under anti-LGBT provisions.
Local media reports indicate that about 30 people have been arrested in total this month.
Although no date has yet been announced for parliament to debate and vote on the bill. However, the legislature is controlled by Sonko’s Pastef party.
Several African countries have enacted similar measures in recent years. In September 2025, Burkina Faso’s transitional parliament approved legislation banning homosexual acts, following similar steps taken by Mali in 2024.
In 2023, Uganda passed some of the world’s toughest anti-homosexuality laws, including provisions allowing the death penalty for certain same-sex acts.
-
News4 days agoTrump Hails ‘Turnaround for the Ages’ in Record 110-Minute Address
-
Analysis4 days agoSavannah Shield and the Security Recalibration of Kwara State
-
News4 days agoMexico in Turmoil After CJNG Kingpin Killed in Military Operation
-
Analysis4 days agoWho Is After Peter Obi? By Boniface Ihiasota
-
News4 days agoCARICOM Chair Engages Guyana in Fresh Push for Regional Integration
-
News4 days agoUK Court Hears Recordings in Diezani Bribery Trial
