What we do: Stears Business provides business news analysis and insight through its network of journalists and professionals in banking, consulting, law, academia, government and civil society. Stears Business has a writer’s network that includes writers based in Nigeria, Canada, United States and the United Kingdom. The media company was founded at the London School of Economics by a team of Nigerian economists, lawyers and engineers dedicated to building a new future for data and media.
Ownership & Management: Stears Business was founded in 2017 by a team of Nigerian economists, lawyers and engineers (Preston Ideh, Abdul Abdulrahim, Foluso Ogunlana & Michael Famoroti) while they were all studying in the London School of Economics and other institutions in the UK. The company provides reliable business content to a Nigerian market that requires authentic analysis.
Key financial indicators: Omidyar Network and other Nigerian investors have provided seed equity of US$600,000 in Stears Business. The Omidyar Network is an impact investor with a global network of innovators, entrepreneurs, technologists, advocates, investors, activists and organizations with total investment commitments of US$1.6-billion and capital already deployed in profit-seeking investments of US$751-million. Audited financials of Stears are no available to the public.
Track record: Stears Business has a strong record in providing online business news analysis and insights through its network of journalists and professionals in banking, consulting, law, academia, government and civil society. It is sought after in Nigeria and the West African region
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