News

Proparco and African private equity firm Adenia join forces to acquire Overseas Catering Services

12-01-2021 | 08:45:13
Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco to buy Overseas Catering Services (OCS), a corporate catering and related services provider in Africa and the Middle East.

EBRD launches e-learning programme to advance Morocco’s capital markets

12-01-2021 | 07:37:00
The European Bank for Reconstruction (EBRD) is supporting Morocco’s financial system by launching a capital markets e-learning programme in association with Intuition, a digital financial learning provider.

[South Africa] JSE approves listing of Transsec 5’s five social bonds

12-01-2021 | 07:01:23
The Johannesburg Stock Exchange (JSE) has approved the listing of Transsec 5’s five social bonds aimed at improving access to public transport by funding SMMEs, primarily in the minibus taxi industry.

AfDB Board approves $217 million to finance Horn of Africa road project

11-30-2021 | 16:37:18
The Board of Directors of the African Development Bank Group has approved $217 million in loans to fund a project that will improve road transport services in Kenya's northeastern region.

[Kenya] CMA issues guidelines on share buybacks

11-30-2021 | 13:08:24
The Capital Markets Authority (CMA) has announced the issuance of the Guidelines on Share Buybacks for Listed Companies in Kenya which were gazetted on 12 November 2021.

Tanzania’s GDP poised to top 8 per cent in five years

11-30-2021 | 13:06:50
The Tanzania economy is poised to grow steadily to reach 8,0 percent in five years, which hinges on increased positive utilisation of resources and growth in productivity.

IFC, WTO partner to enhance cooperation on trade finance

11-30-2021 | 11:05:00
World Trade Organization Director-General Ngozi Okonjo Iweala and IFC Managing Director Makhtar Diop agreed to enhance cooperation between the two organizations in order to explore ways to improve the availability of trade financing.

Electricity demand hits new record high driven by green energy in the wake of post-COVID-19 recovery

11-29-2021 | 11:47:37
The demand for electricity in Kenya hit a new record this week rising to a peak of 2,036MW, the highest ever recorded in history, marking a significant resurgence in demand since the onset of the COVID-19 pandemic in March 2020.

[RDC] L'AfDB accorde 99 millions de dollars pour l’aménagement de la route Bukavu-Goma

11-29-2021 | 09:11:00
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé l’octroi de 99,39 millions de dollars américains à la République démocratique du Congo pour la réalisation du Projet d’aménagement de la route Bukavu-Goma.

[Sénégal] L'AfDB accorde plus de 108 millions d’euros au Programme d’appui à l’accélération industrielle

11-29-2021 | 08:56:00
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé l’octroi d’un prêt de 108,36 millions d’euros au Sénégal pour contribuer au financement du Programme d’appui à l’accélération industrielle.

CDC appoints Thithi Kuhlase-Maseko as Head of Office and Coverage Director in South Africa

11-26-2021 | 13:30:00
CDC Group, the UK’s development finance institution (DFI) and impact investor, has appointment of Thithi Kuhlase-Maseko as its new South Africa Head of Office and Coverage Director.

Verdant Capital advises WIOCC on $80 million equity capital raise

11-25-2021 | 10:52:00
$75 million of equity was invested by CAPE IV, a fund managed by leading African private equity fund manager African Capital Alliance. The balance was invested by management and an existing shareholder.

Lucky Egypt, Abu Dhabi Bank and Visa launch the Lucky Visa Platinum Credit Card in Egypt

11-25-2021 | 07:21:00
The protocol aims to facilitate obtaining a credit card for customers through the application with simple procedures. If approved, the credit card will be delivered to the customer.

DriveWealth collaborates with fintech startup Chipper Cash to introduce US equities in Uganda

11-25-2021 | 07:18:24
DriveWealth's real-time fractional trading technology and API-based brokerage infrastructure will enable the Ugandan population to gain affordable access to investing in U.S. equities for the first time.

The Ecobank Group secures €100 million credit facility from European Investment Bank to fund SMEs

11-25-2021 | 07:00:00
The facility affirms joint Ecobank Group and EIB targeted support for business investment across Africa, with particular support for the sectors most impacted by the COVID-19 pandemic.