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Serena Williams firms, others invest in Nigerian intelligence startup

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Serena Williams firms, others invest in Nigerian intelligence startup

Serena Williams’ venture capital firm has invested in a Nigerian data and intelligence startup, Stears Business.
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Stears will get $3.3 million in funding in the new investment. The funding was led by Mac Enterprise Capital, which involves Williams’ Serena Ventures, and Others include Omidyar Group’s Luminate Fund, Melo 7 Tech Companions, and Cascador.

In a statement released by Stears’ CEO, Preston Ideh, on Monday, he expressed excitement at the development and assured that the funding will translate to the expansion of the company to other African countries.

The statement read in part, “We’re excited to announce that we have closed our seed round funding of $3.3M led by @MaCVentureCap, with participation from @SerenaVentures.

 

“Like all startups, it is our job to obsess over the problem we set out to solve and keep learning from our users. We know that the market wants more than just articles, no matter how well-researched. It isn’t just about building Stears 2.0 in the 54 African countries; that is not the goal.

 

“To be the most trusted source of data and insights in Africa, a >$1 trillion economy with >1 billion people, the continent needs deep, reliable, regular streams of data, not just articles or reports. To provide this, we know what we must do next: focus on making proprietary data, models, tools and forecasts directly available to our users.

“What does this look like? It means building the most valuable database on African economies and markets. It means expanding our intelligence team into Kenya, South Africa, and Egypt. It means developing local expertise that cannot be replicated with remote offices.”

In an emailed statement by Serena Williams the Tennis champion stated that she did not invest in the company because of her love for Africa, but rather, “because Stears has strategically thought of how to increase the investment community on the continent.”

 

“They’re aware of the complexities and have leverage with data and technology, and I truly respect what they’re doing,” she continued.

 

The financing round places Stears’ total cumulative funding at $4 million, after an initial pre-seed round of $650,000 in 2019, Bloomberg reported on Tuesday.

 

Launched in 2017, Stears was founded by four school mates, Michael Famoroti, an economist; Bode Ogunlana, a software engineer; Abdul Abdulrahim, a data scientist; and Preston Ideh, a corporate lawyer, who met during secondary school at Loyola Jesuit College, Nigeria, and at the London School of Economics and Imperial College in the United Kingdom.

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One of the company’s famous exploits is creating Nigeria’s first real-time election tracker, which drew two million unique users during the 2019 general election cycle.

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Lagos Task Force dislodges Ikorodu roadside traders

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Lagos Task Force dislodges Ikorodu roadside traders

Lagos Task Force dislodges Ikorodu roadside traders

 

 

In its continuous efforts to rid the state of the menace of street trading, operatives of the Lagos Environmental Sanitation Corps and the Kick Against Indiscipline, on Tuesday, dislodged roadside traders around Aunty Kenny in the Agric area of Ikorodu.

 

 

 

Lagos Task Force dislodges Ikorodu roadside traders

 

 

 

A statement by the Lagos State Ministry of the Environment and Water Resources said the dislodgement was part of measures to sustain zero tolerance for street trading in the state.

 

 

 

 

 

 

 

It read, “Operatives from the LAGESC/KAI on Tuesday dislodged recalcitrant street traders on the kerb at Aunty Kenny Agric on lkorodu Road as part of measures to sustain the zero tolerance for street trading.”

 

 

 

 

Similar enforcements were carried out on Monday at Oshodi-Mushin Road, Ojuelegba Road, Yaba-Muritala Muhammed Way, Oyingbo under the newly constructed bridge, inner and outer Marina-CMS, Victoria lsland and Lekki areas of the state, following directives of the Commissioner in the ministry, Tokunbo Wahab.

 

 

 

 

 

 

 

According to a statement, many of the defaulters were arrested in the course of enforcement and taken to the LAGESC/KAI headquarters where they were handed over to the appropriate section for interrogation and prosecution.

 

 

 

 

 

 

The commissioner also gave directives to operatives of LAGESC/KAI and other related agencies to sustain the dislodgment and ensure that the traders do not return to the areas

 

 

@Punchng

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

 

 

 

London, 28 November 2023 — Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics, communications, as well as order and execution management solutions, enabling it to streamline its fixed income bonds business.

 

 

 

 

 

 

FirstBank UK is a niche market-maker to its customers in Africa. The business provides market liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to manage risk and optimize its inventory. Thanks to Bloomberg’s coverage, TOMS enables the trading desk of FirstBank UK to support its client base and to monitor its positions, profit and loss (P&L) and Risks.

 

 

 

 

 

 

“By integrating with our existing systems, Bloomberg TOMS provides FirstBank UK with a complete end-to-end trading workflow covering African bonds in most of our home markets,” said Olukorede Adenowo, CEO-designate at FirstBank UK.“ The solution enables us to focus on expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service to our customers in Africa.”

 

 

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

 

 

“We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with our award-winning sell-side order management solution TOMS,” said Lisa Bravo, Global Head of Sell-Side OMS at Bloomberg. “TOMS empowers firms to create a seamless workflow from their front and middle-office, through to their operations and enterprise applications, while concurrently delivering their front office users with real-time execution, risk and P&L analytics.”

FirstBank UK has further digitized its order management workflow by offering clients access to liquidity on its own Eurobond Single-Dealer Platform. The application has been integrated with Bloomberg TOMS to centralize both order handling and aggregated custom analytics and liquidity tools within a single interface, to be hosted and connected to multiple trading venues. “The integration of TOMS with our custom-built electronic trading platform, allows our customers real-time access to liquidity in our markets, something unique to the majority of our customers,” said Robert Hagenaars, Head of Markets at FirstBank UK.

For additional information about Bloomberg’s sell-side solutions, please click here.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

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Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

 

Embarking on the journey to becoming a property owner can be a daunting ambition. The fears of finding reliable, secure, and affordable real estate, coupled with the worry of paying a hefty lump sum and potentially missing out on your dream home, often hold people back. However, fear not! We at Adron Homes; are strategically positioned to provide solutions to these common concerns, ensuring that your path to homeownership is smooth, secure, and affordable.

 

 

 

Many individuals hesitate to invest in property due to financial concerns, worried about the burden of a large upfront payment. We understand the financial concerns associated with property acquisition, hence our affordable payment plans which are designed to ease this burden, making your dream property within reach without compromising your financial stability.
 

 

Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

We understand that the real estate market can be unpredictable, causing concerns about the reliability and security of your investment. With over Eleven years of impact in the real estate industry, we at Adron Homes take pride in our reputation for reliability and security. With a diverse portfolio of estate locations across the country, we assure you that each property is carefully planned and developed to meet the highest standards. Your investment with us is backed by a track record of excellence, void of land disputes, land grabbers popularly known as Omo Oniles, encumbrances, and improper documentation.

Afraid of missing out on your preferred property or location due to the competitive nature of the real estate market? “We have got you covered!” Our extensive range of estate locations ensures that regardless of background, class, or occupation, everyone has options that cater to their dream. Whether you envision a home in the bustling city or a serene suburban retreat, Adron Homes has a property for you. With locations in Ibeju-Lekki, Epe, Badagry, Ede Osun, Ado Ekiti, Shimawa, Atan-Ota, Ikorodu, Shagamu, Papalanto, Ijebu Ode, Abeokuta, Ibadan, Abuja, Nasarawa, Jos and Niger, you’re sure to find the perfect place to buy land.
We understand that the intricacies of the real estate process can be overwhelming, sometimes leading to uncertainty. We recognize that the real estate journey can be complex, especially for first-time buyers. Our dedicated team of realtors is committed to guiding you through every step. Whether you prefer reaching out via social media platforms or a direct call via the contact numbers on our website, Adron Homes ensures personalized assistance, making the process transparent and accessible.
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Becoming a property owner is a significant milestone, and Adron Homes understands the fears that may accompany this journey. Through affordable payment plans, diverse locations, property options, and unwavering reliability, we are daily driven to alleviate these concerns. Trust us at Adron Homes to be your partner in turning the dream of homeownership into a seamless and enjoyable reality.

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