News & Events

Xero, a New Zealand-based accounting software platform announces the acquisition of Calgary based tax solution software startup TaxCycle for a total of $75 million CAD. The deal is expected to end by December 31 on account of the company’s commitment on expanding its overall presence in Canada. TaxCycle, formally known as Trilogy Software, was founded in 2010 by CEO Cameron Peters.

Read the original article here: https://betakit.com/xero-to-acquire-calgarys-taxcycle-in-75-million-cad-deal-to-expand-canadian-presence/

Leoht Africa partners with the Indian Chamber of Commerce to boost the retail sector of Nigeria’s textile industry. Debmalya Banerjee, regional director of the Indian Chamber of Commerce, Kolkata, said India being one of the largest growers of cotton in the world and producers of textiles can help Nigeria in reviving its textile and apparel sector positioning itself as a leading hub in the Central and West African market.

Read the original article here: https://guardian.ng/business-services/india-nigerian-firm-partner-to-boost-retail-textile-sector/

Yellow’Coq, an agrotech specialising in mass production, distribution, and transformation of made-in-Cameroon poultry, launched a XAF100 million crowdfunding operation. Yellow’Coq intends to improve its overall capacity in the short term and plans to set up an African low-cost chicken fast food like AFC fast food soon. The startup added, “investors and shareholders will be entitled to 70% of the company’s dividends during the first five years of operations at the expense of the founders.”

Read the original article here: https://www.businessincameroon.com/economy/2012-12169-chicken-agrotech-launches-xaf100-mln-fundraising-operation-with-a-promise-of-cumulated-350-return-over-5-years