A global payment solutions business, along with a number of interested parties, has announced its plan to acquire a prominent British fintech company Railsr. Based in the UK, the startup specialises in so-called embedded finance solutions such as banking services and has been under pressure amid a tough funding environment. The company reportedly laid off
Carmaker Jaguar Land Rover (JLR) is reducing output at its factories in Solihull and Halewood until the spring, due to ongoing problems obtaining enough computer chips for new vehicles. The action is expected to affect the output of models such as the Jaguar F-Pace and Land Rover Discovery Sport. The move is understood to be
Kuda, the money app for Africans is launching in the UK as part of a major global expansion drive, following a total investment of over US$90 million. In a statement by the company, the launch will among other things, enable hundreds of thousands of UK-based Nigerians to combat high remittance costs on large transfers which
The UK Government is injecting Sh220 million ($2.2million) in the development of two solar plants in rural Kenya. The funds will be transferred through InfraCo Africa, a private infrastructure development group company. The UK’s Minister for Africa, Harriett Baldwin, announced the funding to develop solar plants in Samburu and Transmara, each with a capacity
One-third of the U.K.’s electricity will come from offshore wind power by the year 2030, with jobs in the sector potentially tripling to 27,000, according to plans announced by authorities today. Launching the joint government-industry Offshore Wind Sector Deal, Energy and Clean Growth Minister Claire Perry said it would “drive a surge in the clean,
The United Kingdom has pledged to extend its support to the expansion and development of Nigeria’s Agribusiness, and infrastructure amongst other sectors. Speaking with newsmen in Lagos on Tuesday, the new Deputy British High Commissioner, Laure Beaufils said that the United Kingdom was increasingly focusing its partnerships with the rest of the world and countries
