Why Flour Mills, Nigeria’s 64-year-old food giant, joined OmniRetail’s $20 million round
Flour Mills of Nigeria invested $20 million in OmniRetail, marking a shift from customer to shareholder. OmniRetail has been recognized as the fastest-growing business in Africa twice.
Mobius, maker of low-priced SUVs for startups, to shutdown
Mobius Motors has entered voluntary liquidation after failed rescue efforts. The company struggled to settle suppliers and pay salaries as debts rose.
