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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.
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Israeli PM Netanyahu Seeks Presidential Pardon Amid Ongoing Corruption Trials
Israeli PM Netanyahu Seeks Presidential Pardon Amid Ongoing Corruption Trials
Israeli Prime Minister Benjamin Netanyahu has formally requested a pardon from President Isaac Herzog over multiple corruption cases that have been ongoing for the past five years.
According to a statement from the President’s office, Herzog will consider the request only after receiving opinions from justice officials, noting that the matter “carries with it significant implications.” No timeline has been given for a decision.
Netanyahu has been standing trial on charges of bribery, fraud, and breach of trust in connection with three separate cases.
He denies any wrongdoing and has repeatedly described the legal proceedings as a “witch hunt” by his political opponents.
In a video message released on Sunday, Netanyahu stated that while he would have preferred to see the judicial process through to the end, “national interest demanded otherwise.”
He argued that the trials were straining the nation and said a pardon could help restore national unity.
“I am certain, as are many others in the nation, that an immediate end to the trial would greatly help lower the flames and promote broad reconciliation—something our country desperately needs,” Netanyahu said.
He described the court’s requirement for him to testify three times a week as “an impossible demand.”
The allegations against the prime minister date back to 2020, when he became the first sitting Israeli leader to stand trial.
In the first case, prosecutors alleged that he received gifts, including cigars and bottles of champagne, from influential businessmen in exchange for favours.
In a second case, he was accused of offering to assist in improving the circulation of an Israeli newspaper in exchange for positive media coverage.
In the third, Netanyahu allegedly promoted regulatory decisions favourable to the controlling shareholder of a telecom company in return for favourable online coverage.
Opposition parties have strongly criticised Netanyahu’s move.
Yair Lapid, a former Prime Minister and current opposition leader, said that a pardon would require an admission of guilt, a demonstration of remorse, and Netanyahu’s immediate retirement from political life.
Left-wing politician Yair Golan described the pardon request as “only what the guilty would seek.”
Despite the opposition, Netanyahu’s right-wing Likud party and supporters have long backed a pardon for their leader.
Some international observers note that granting such a pardon, especially before a conviction, would be highly controversial in Israel’s democratic context.
Israel’s Basic Law allows the president to pardon criminals or reduce their sentences.
The High Court of Justice has previously ruled that the president can issue a pardon before a conviction if it serves the public interest or addresses extreme personal circumstances.
The issue is further complicated by Netanyahu’s political and security context.
Last year, the International Criminal Court issued an arrest warrant for Netanyahu and former Defence Minister Yoav Gallant over alleged war crimes and crimes against humanity committed during the Israel–Hamas conflict.
Netanyahu has condemned the ICC move as “antisemitic.”
Netanyahu’s request comes amid persistent public debates in Israel over judicial reform and governance.
News
Tinubu Sends 32 Additional Ambassadorial Nominees to Senate for Confirmation
Tinubu Sends 32 Additional Ambassadorial Nominees to Senate for Confirmation
President Bola Ahmed Tinubu has forwarded the names of 32 additional ambassadorial nominees to the Senate for confirmation, days after sending the first batch of three nominees.
In two separate letters addressed to Senate President Godswill Akpabio, President Tinubu requested the Senate to consider and expeditiously confirm 15 nominees as career ambassadors and 17 nominees as non-career ambassadors.
The lists include ten women, four in the career ambassador category and six in the non-career category.
Among the non-career ambassadorial nominees are notable personalities such as Barrister Ogbonnaya Kalu from Abia, a former presidential aide; Reno Omokri (Delta); former Chairman of the Independent National Electoral Commission (INEC), Mahmud Yakubu; former Ekiti First Lady, Erelu Angela Adebayo; and former Enugu Governor, Ifeanyi Ugwuanyi.
Other nominees include Tasiu Musa Maigari, former Speaker of the Katsina House of Assembly; Yakubu N. Gambo, former Plateau State Commissioner and former Deputy Executive Secretary of the Universal Basic Education Commission (UBEC); Professor Nora Ladi Daduut, former Senator from Plateau; Otunba Femi Pedro, former Deputy Governor of Lagos State; Chief Femi Fani-Kayode, former Aviation Minister from Osun State; and Barrister Nkechi Linda Ufochukwu from Anambra State.
The list also features former First Lady of Oyo, Fatima Florence Ajimobi; former Lagos Commissioner, Lola Akande; former Adamawa Senator, Grace Bent; former Governor of Abia, Victor Okezie Ikpeazu; Senator Jimoh Ibrahim from Ondo State; and former Nigerian Ambassador to the Holy See, Paul Oga Adikwu from Benue State.
Nominees for career ambassadorial and high commissioner positions include Enebechi Monica Okwuchukwu (Abia), Yakubu Nyaku Danladi (Taraba), Miamuna Ibrahim Besto (Adamawa), Musa Musa Abubakar (Kebbi), Syndoph Paebi Endoni (Bayelsa), Chima Geoffrey Lioma David (Ebonyi), and Mopelola Adeola-Ibrahim (Ogun).
Other career ambassadorial nominees are Abimbola Samuel Reuben (Ondo), Yvonne Ehinosen Odumah (Edo), Hamza Mohammed Salau (Niger), Shehu Barde (Katsina), Ahmed Mohammed Monguno (Borno), Muhammad Saidu Dahiru (Kaduna), Olatunji Ahmed Sulu Gambari (Kwara), and Wahab Adekola Akande (Osun).
According to the State House, the new nominees are expected to be posted to countries with which Nigeria maintains strategic and robust bilateral relations, including China, India, South Korea, Canada, Mexico, the United Arab Emirates, Qatar, South Africa, Kenya, as well as Permanent Missions such as the United Nations, UNESCO, and the African Union.
Confirmed nominees will learn of their diplomatic assignments after Senate approval.
Last week, President Tinubu had sent three ambassadorial nominees for screening and confirmation: Ambassador Ayodele Oke (Oyo), Ambassador Amin Mohammed Dalhatu (Jigawa), and Retired Colonel Lateef Kayode Are (Ogun).
The three are slated for postings to major diplomatic missions, including the United Kingdom, United States, or France, upon confirmation.
President Tinubu assured that additional nominees for ambassadorial positions would be announced in due course.
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US–South Africa Rift Deepens Over G20 Boycott and Diplomatic Snubs
US–South Africa Rift Deepens Over G20 Boycott and Diplomatic Snubs
Diplomatic relations between the United States and South Africa have hit an unprecedented low, culminating in a series of public snubs, policy escalations, and accusations that threaten to reshape both nations’ global standing.
The latest flashpoint emerged following U.S. President Donald Trump’s decision to boycott the November 2025 Group of 20 (G20) summit in Johannesburg and his subsequent announcement that South Africa would be excluded from the 2026 G20 summit in Miami.
Trump’s absence from the Johannesburg summit was not merely a scheduling issue.
According to reports, the boycott was a deliberate protest, justified by his claim that South Africa persecutes its Afrikaner white minority, a charge that Pretoria has consistently denied.
The move left global observers questioning the United States’ commitment to multilateralism, especially at a forum tasked with addressing global challenges such as climate change, economic inequality, and security threats.
Marc H. Morial, president of the National Urban League, noted that “the G20 is a forum where the world’s largest economies confront shared challenges… For the U.S., participation is not optional—it is a solemn duty.” Skipping the summit, he argued, signals that America’s engagement in global affairs is increasingly negotiable.
The diplomatic rift, however, predates the summit.
In May 2025, President Trump reportedly showed South African President Cyril Ramaphosa doctored videos in the Oval Office, claiming they depicted anti-white discrimination in South Africa.
The videos, widely condemned as false, were described by critics as an “assault on truth and an affront to a nation that has stood as a beacon of democratic progress on the continent.”
Tensions escalated further on November 29, 2025, when Trump announced South Africa’s exclusion from the 2026 Miami G20 summit.
The U.S. president cited alleged human rights violations and revived claims of attacks on white farmers, describing it as a “campaign of dispossession—and even deadly persecution—targeting white farmers.”
Trump added on Truth Social that South Africa had “demonstrated to the world they were not a country worthy of membership anywhere.”
South Africa’s response was swift and firm. Pretoria rejected the allegations as misinformation and emphasized that the G20 presidency handover in Johannesburg had occurred properly despite the U.S. absence.
President Ramaphosa also bypassed protocol by refusing to hand over the G20 presidency to a junior U.S. official, instead conducting the handover at the foreign affairs ministry level, a move widely interpreted as a subtle diplomatic snub.
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