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African startups are grappling with considerable liquidity risks due to a lack of follow-on capital which threatens their long-term survival. The Managing General Partner of SOSV, an American venture capital firm focused on early-stage investments, Sean O’Sullivan, stated this on Monday at the ongoing GITEX Global in the United Arab Emirates. Follow-on capital refers to
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Former two-time heavyweight champion Anthony Joshua is set to pocket more than double Daniel Dubois’ earnings for their IBF heavyweight showdown at Wembley on Saturday, despite suffering a knockout loss in the fifth round. According to a report by Sporty Salaries via GB News, Joshua was guaranteed £6m just for showing up, with potential earnings
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Former two-time heavyweight champion Anthony Joshua is set to pocket more than double Daniel Dubois’ earnings for their IBF heavyweight showdown at Wembley on Saturday, despite suffering a knockout loss in the fifth round. According to a report by Sporty Salaries via GB News, Joshua was guaranteed £6m just for showing up, with potential earnings
Justice W.I. Aziegbemhin of Edo State High Court sitting in Benin City, has convicted and sentenced one Ofure Akpolo to three years imprisonment for retention of proceeds of crime. According to a statement by the Economic and Financial Crimes posted on its official X handle, @officialEFCC, on Friday, the convict was prosecuted by the Benin
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Justice W.I. Aziegbemhin of Edo State High Court sitting in Benin City, has convicted and sentenced one Ofure Akpolo to three years imprisonment for retention of proceeds of crime. According to a statement by the Economic and Financial Crimes posted on its official X handle, @officialEFCC, on Friday, the convict was prosecuted by the Benin
Former cryptocurrency executive Caroline Ellison was jailed for two years on Tuesday for her involvement in the theft of approximately $8 billion in customer funds tied to the collapse of the FTX exchange, founded by her ex-boyfriend Sam Bankman-Fried. Ellison pleaded guilty to seven felony counts of fraud and conspiracy and served as a key
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Former cryptocurrency executive Caroline Ellison was jailed for two years on Tuesday for her involvement in the theft of approximately $8 billion in customer funds tied to the collapse of the FTX exchange, founded by her ex-boyfriend Sam Bankman-Fried. Ellison pleaded guilty to seven felony counts of fraud and conspiracy and served as a key