Trump’s Nigeria ban, Paga’s acquisition and raises — Fluterwave $35M, Sendy $20M – TechCrunch

Summary (IA Generated)

The first month of the new-year saw Africa enter the fray of U.S. politics. The presidential proclamation stops short of a full travel ban on the country of 200 million, but suspends immigrant visas for Nigerians seeking citizenship and permanent resident status in U.S. The latest regulations are said not to apply to non-immigrant, temporary visas for tourist, business, and medical visits. […] The primary reason for the latest restrictions, according to the Department of Homeland Security, was that the countries did not “meet the Department’s stronger security standards.” […] Nigeria is the U.S. ’s second largest African trading partner and the U.S. is the largest foreign investor in Nigeria. […] The U.S. is arguably Nigeria’s strongest partner on tech and Nigeria, Silicon Valley’s chosen gateway for entering Africa. […] The company plans to use its raise for new developer hires, to improve the tech of its platform, and toward expansion in West Africa in 2020.