ThriveAgric raises ₦5.3bn through its first commercial paper issue

The Nigerian agritech raised about $3.93 million in an oversubscribed debut commercial paper issuance. The money is intended for commodity purchases and agricultural trading, creating another financing route beyond conventional bank lending.

WHY TWALE: This is local business infrastructure becoming more sophisticated: a Nigerian agritech matching short-term debt to the realities of moving produce from farmers to buyers.