Apis Partners sells all its shares in the South African, Efficient Group
Apis Growth Fund, a private equity fund managed by Apis Partners LLP, a UK-based asset manager that supports growth-stage financial services and financial infrastructure businesses, announces the planned sale of Efficient Group, a global financial services provider.
[Interview] Joel Daniel, Founder, Solutions Platforms, Nigeria
Joel Daniel is the founder of Solutions Platforms, a company that grooms young people to succeed and have global relevance by leveraging its various programs designed to foster international education.
Forum de l'African Business Roundtable: Que peuvent faire les gouvernements Africains pour renforcer le secteur privé du continent?
African Business Rountable (ABR), créé par le Groupe de la Banque Africaine de Développement en 1990, est la principale association d'entreprises et de chefs d'entreprise d'Afrique et représente la Société Africaine des Affaires auprès des Nations Unies.
African Business Roundtable Forum: What can African governments do to elevate the continent’s private sector?
The African Business Rountable (ABR), set up by the African Development Bank Group in 1990, is Africa’s foremost and continent-wide association of businesses and business leaders, and is the representative of the African Business Society to the United Nations.
[Interview] Mahad Ahmed, Fondateur, AME Trade, Royaume-Uni
Mahad Ahmed est fondateur et PDG d'Ame Trade Limited. Il est également membre de l'African Business Roundtable et un expert reconnu dans les secteurs du conseil et des services événementiels.
[Interview] Mahad Ahmed, Founder, AME Trade, United Kingdom
Mahad Ahmed is Founder and CEO of Ame Trade Limited. He is also a member of the African Business Roundtable and an an established expert in the Consulting and Events Services industries.
[Column] Richard Quest: Without the circus, Davos can get down to business
In a more innocent age, Davos was a high-minded gathering for intellectuals trying to solve the world’s problems.
[Interview] Sarah Fitzgerald, Managing Director, Executives in Africa, UK
Sarah Fitzgerald is Managing Director at Executives in Africa, a company engaged in executive and upper management placements in sub Saharan Africa, identifying local African talent, Africans in Diaspora and expatriate managers.
[Interview] Funke E. Adeniji, Founder, Women Elite Sports Empowerment Initiative, UK
The Women Elite Sports Empowerment Initiative (WESIE) was founded in 2012 by British/Nigerian Funke E. Adeniji, who began playing basketball in her teens, working her way up from collegiate level basketball in the UK to division 1, the UK’s premiere league for women.
[Interview] Ibijoke Maxwell, Host/Executive Producer, The JoMaxwell Show, UK
Ibijoke Maxwell is the Nigerian/British host of the Jo Maxwell Show, a show designed to give exposure to the African community in the UK media.
[Interview] Adisa Amanor-Wilks, Founder, Abjel Communications, UK
Adisa Amanor-Wilks is an international journalist and communications professional with over 17 years’ experience. She is founder of Abjel Communications, a media and public relations agency keen on positioning Africa on the global stage.
[Startup Interview] Tobi Oludayomi, CEO, Studio 14, UK, Nigeria
Tobi Oludayomi has for the last five years built from ground up, Studio 14 into a powerhouse that now works with high profiled clients across Western and the West African market.
[Interview] Peter Kahihu, Executive Director- Programs Execution, Balanced Scorecard Institute
Peter Kahihu is Executive Director of the Programs Execution at Balanced Scorecard Institute EMEA. He is a veteran in the field of strategy execution and author of four best selling books on Strategic Planning, Balanced Scorecard, Government Performance Management and Public Sector Reforms.
Africa Business Communities will come to meet with you in London, Gaborone and Windhoek
Bas Vlugt, founder of Africa Business Communites, will be traveling to Africa coming April and May and this might be a great opportunity to meet.
UK Export Finance and Hassan Allam Holding sign agreement to enhance cooperation across Africa
The agreement signed at the British Embassy in Cairo, aims to strengthen and enhance the cooperation between UK Export Finance and Hassan Allam Holding to further secure inward investment into the UK and to promote cooperation on financing projects and encourage trade between the UK and Africa.
PayPal’s Xoom Service expands debit card deposit feature to include cross-border remittances
Xoom, PayPal’s international money transfer service announced that it has launched a new cross-border money transfer product, Debit Card Deposit, enabling Xoom customers in the U.S. to send money directly to their friends & family’s eligible Visa debit cards in 25 countries.
Centbee raised $1 Million pre-series a funding from Ayre Ventures
Blockchain payments company, Centbee, announced that it has closed its pre-Series A round with entrepreneur Calvin Ayre, founder of Ayre Ventures.
African Energy Chamber to host New Year Reception in London on 26 January
Exploring new opportunities for financing energy projects in Africa, the African Energy Chamber will host a special New Year reception at the Waldorf Hilton in London, which will support European investment opportunities across the continent and drive economic growth and socioeconomic development.
Ventures Platform closed its Pan-African Fund above its initial target at $46M
Ventures Platform, the pan-African VC firm championing the next generation of African technology entrepreneurs, has today announced the final close of its early-stage and intercontinental fund, at $46M.
African Business Roundtable organise un événement en marge de la COP27 pour les objectifs climatiques de l'Afrique
À l'occasion de la 27eme Conférence des parties des Nations unies sur le changement climatique (COP27) qui s'est tenue à Sharm El Sheikh,Égypte, l'African Business Roundtable a organisé un événement parallèle le jeudi 10 novembre 2022, au pavillon nigérien.
African Business Roundtable holds event alongside COP27 for Africa's climate goals
On the occasion of the 27th United Nations Conference of Parties on Climate Change (COP27) that took place in Sharm El Sheihk, Egypt, the African Business Roundtable organised a side event on Thursday, 10 November, 2022, at the Nigerian Pavilion.
1&1 and Orange conclude agreement on worldwide international roaming
1&1 and Orange have concluded a long-term agreement for the provision of international roaming services for the 1&1 mobile network.
Nigerian money app Kuda launches in the UK
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.
New WorldRemit data shows families around the world spend 156% of monthly income on Christmas
Families around the world can expect to spend up to 156% of their monthly income on Christmas this year, according to the latest results from the WorldRemit Cost of Christmas study.
United Kingdom steps up climate adaptation finance support for Africa
A number of countries on the continent have experienced extreme weather conditions from severe drought in Somalia to floods in South Sudan.
Kuda Bank confirms expansion plans to UK and Ghana
Kuda Technologies had officially acquired more than 4.6 million customers and has strategic plans to extend its operations to the United Kingdom, Ghana, and Uganda as soon as regulators give their approval.
NALA enables Google Pay payments from the US and UK into Africa
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
Moove has raised £15 million from Emso Asset Management to scale it's UK fleet
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing it has raised £15 million in debt financing from Emso Asset Management
Property investment company Baron and Cabot to help South Africans buy low interest rate property in the UK
As of 2022, rising inflation has become a shared trend in Africa. Global supply disruptions caused by the COVID-19 pandemic and Russia’s invasion of Ukraine are some of the major factors responsible for inflation
AfDB, UK and London Market Insurers enter new risk transfer partnership for climate action
The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments to climate finance by up to $2 billion and will go a long way in supporting African countries meet their Nationally Determined Contributions, or NDC’s.
Nigerian mobility fintech Moove raises £15 million financing facility to scale UK operations
Moove launched in London in August with a 100% EV rent-to-buy model that provides access to brand-new, zero-emissions vehicles to mobility entrepreneurs for a flat weekly fee.
Families around the world to pay up to 57% more on school supplies this year, WorldRemit
WorldRemit announced the results of its 2022 Cost of School study , observing how the changing macroeconomic environment has affected the true cost of education across 21 markets globally.
Audiomack signs licensing agreement with Universal Music Group to expand global footprint in Africa
Audiomack and Universal Music Group (UMG), announced a new licensing agreement to make UMG content available to Audiomack subscribers across Africa, the United Kingdom & Canada.
South African Airways appoints Discover the World as its general sales agent in the UK
South African Airways (SAA), the national carrier of South Africa, has appointed Discover the World, a global player in tourism and airline representation, as its general sales agent (GSA) in the United Kingdom (UK).
Development Partners International selected to manage women empowerment fund across Africa
The European Investment Bank and other multilateral agencies have signed an agreement with Development Partners International LLP (DPI) to become the first 2X Flagship Fund.
CDC targets over $1bn annual investment in African businesses
CDC Group, the UK’s impact investor and development finance institution (DFI), announced a commitment to invest over $1 billion again in African businesses in 2021.
CDC, TDB sign $100m short-term finance facility
CDC Group, the UK’s development finance institution and impact investor, announced a $100 million debt commitment to the Eastern and Southern African Trade and Development Bank (TDB).
Cellulant partners with NALA to power low-cost cross-border payments from the UK and USA into Africa
Cellulant, a Pan-African payments company, has teamed up with NALA, a Tanzania based fintech company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and Ghana.
Sasai Remit and Qoki Zindlovukazi partner to introduce cross border payment channel from UK to South Africa and Zimbabwe
The partnership has enabled both organisations to empower thousands of Zimbabweans to use a safe and secure fintech platform to seamlessly transfer funds to family and friends in South Africa and Zimbabwe.
Baron & Cabot launches new base in Kenya and Nigeria to expand investment opportunities in Africa
Baron & Cabot, a UK property investment company has launched its new base in Kenya and Nigeria to help Kenyans and Nigerians invest in property within the UK in a simple and effective way.
UK invests £35 million to support implementation of the African Continental Free Trade Area
It comes as Wamkele Mene, Secretary General of the AfCFTA Secretariat, visits London to discuss how the UK can continue its work as a strategic partner to the trading bloc.
UK Export Finance provides £113m to support roadworks in Cameroon, boost bilateral trade
The UK Export Finance (UKEF), has provided £113 million of financial support for the Cameroonian Government to boost bilateral trade and help UK businesses complete essential roadworks that will unlock the country’s economic potential.
Apollon Formularies establishes Joint Venture with Tri-Medi Canna, South Africa
Apollon Formularies, a UK based international pharmaceutical company, announced it has signed a Joint Venture agreement with Tri-Medi Canna, a South African based medical cannabis company, to establish a jointly-owned incorporated company.
[Ghana] Aqua Africa and LMI Logistics enter warehousing agreement
Aqua Africa has signed a logistics and warehousing partnership agreement with LMI Logistics for a 1,880 sqm of storage space lease in Tema-Ghana.
African telecommunications group Econet launches Cassava Technologies
African telecommunications group Econet, announced the launch of Cassava Technologies, bringing together Econet’s digital services and digital infrastructure product segments.
Huble Digital becomes ISO/IEC 27001 accredited for its five business locations
Huble Digital, an International digital business consultancy, announced it is now officially accredited for ISO/IEC 27001:2013 Security compliance in each of its five international businesses in London, Chicago, Munich, Singapore and Cape Town.
DP World partners with CDC Group to create Africa investment platform
CDC is committing approximately $320 million initially and expects to invest up to a further $400 million over the next several years. The transaction is subject to certain final regulatory approvals.
CDC commits $100m to African Development Partners III to fuel medium-sized and large companies in Africa
CDC Group, UK’s development finance institution and impact investor announced a $100 million commitment to African Development Partners III, advised by Development Partners International LLP (DPI), a pan-African private equity firm.
CDC Group commits over $50 million funding to boost rural connectivity across sub-Saharan Africa
The capital will support the continued growth of the ICT sector in the continent, helping to boost development of necessary infrastructure and providing rural and underserved communities with access to affordable mobile connectivity.
Global Leader Group expands to the UK, Middle East and Africa
The Global Leader Group announced the launch of its new entity for the European, Middle Eastern & African Regions, Global Leader Group EMEA.
Coventry University Group and MasterStart launch online leadership courses in Africa
The collaboration sees the launch of a range of programmes aimed at improving access to education in a range of in-demand topics and with a key focus on diversity, inclusion and sustainable development.
[South Africa] Sanlam sells UK life and pension business for £39m
The Board of Directors of Sanlam announced the conclusion of agreements between its wholly owned subsidiary, Sanlam UK and Chesnara, for the disposal by Sanlam UK of its 100% shareholding in Sanlam Life & Pensions UK Limited.
Summersalt launches international shipping to over 180 countries
Apparel brand Summersalt announced plans to introduce international shipping to over 180 countries in over 120 different currencies.
UK government commits £35m to develop affordable green housing in Kenya
The UK Climate Investments (UKCI) has committed £30 million and FSD Africa Investments (FSDAi) has committed £5 million to support green affordable housing projects in Kenya.
UK announces £132m new investments in Kenya, backs Nairobi as an international financial centre
TheCityUK signed a Memorandum of Understanding (MoU) with the Nairobi International Financial Centre Authority, establishing a formal partnership, including closer collaboration with the London Stock Exchange.
CDC Group annonce un financement du commerce de 50 millions de dollars EU destinée à Ecobank
CDC Group, l'institut de financement du développement du Royaume-Uni et investisseur d'impact, a annoncé la mise en place d'une facilité de financement du commerce de 50 millions de dollars EU au profit de Ecobank International (EBI SA), filiale du Groupe Ecobank, basée à Paris.
CDC Group announces $50m trade finance facility with Ecobank
CDC Group, the UK’s Development Finance Institution and impact investor, announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
CDC Group announces $50 million trade finance facility with Ecobank as part of its Covid-19 response
CDC Group, the UK’s Development Finance Institution and impact investor, has announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
Ecobank lists $350 million sustainability bond on the London Stock Exchange
This represents the first ever Tier 2 Sustainability Notes by a financial institution in Sub-Saharan Africa.
Gridworks, AEE Power and Eranove sign concession agreements with DRC on $100m solar-hybrid power project
A consortium led by Gridworks including Eranove and AEE Power, signed three concession agreements with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC).
Envoi to assist Dana Gas in farmout of North El Arish Concession offshore Egypt
Envoi has been commissioned by UAE based Dana Gas PJSC, to assist in its search for a drilling partner to join them in the exploration drilling of the huge Thuraya prospect, situated some 80 km offshore from the Egyptian coast.
Blockchain-as-a-Service provider Domineum announces partnership with nChain and BSV blockchain
Domineum, a London-based software development firm announced that it has entered into a partnership arrangement with nChain, a provider of data integrity solutions built by their in-house blockchain experts.
Predator Oil & Gas submits bid to build and operate Morocco's FSRU
UK’s Predator Oil & Gas has submitted a bid for the construction and operation of a Floating Storage Regasification Unit (FSRU), for importing LNG in Morocco.
Anglo African Oil & Gas to acquire 25% interest in Saltfleetby gas field, East Lincolnshire
Anglo African Oil & Gas will enter into an option agreement (the "Option") with Saltfleetby Energy Limited ("SEL") to acquire a 25% interest in in the Saltfleetby gas field, East Lincolnshire.
Algeria’s Sonatrach seizes Ain Tsila gas field asset from Sunny Hill, faces over $1 billion claim
Sonatrach, Algeria’s national energy company, has terminated the contractual interest held by the U.K. company Sunny Hill Energy through its wholly owned subsidiary Petroceltic Ain Tsila in the Ain Tsila gas field in southeast Algeria.
[Column] Baiju Kantaria: Kenya and UK should do more to cement trade ties
In this context, the prevailing diplomatic tiff between Kenya and UK over travel bans occasioned by concerns over new COVID-19 variants shouldn’t be allowed to escalate any further.
UK College announces Nigeria's Odili Donald Odita newest board trustee
Bennington College recently announced its newest trustee, Odili Donald Odita, born in Enugu, Nigeria and now living and working in Philadelphia.
Kenya’s agriculture sector umbrella body ASNET lauds Kenya-UK trade pact
The trade deal allows tariff-free market access for Kenyan top agricultural exports to UK including vegetables, fruits, flowers, coffee and tea.
New 3t EnerMech joint venture secures work witth UK Government and Mozambique's oil and gas sector
3t EnerMech, a new strategic alliance between 3t Energy Group and EnerMech, has announced its first award, a significant contract with the UK Government, which will help to shape future training requirements for Mozambique's growing oil and gas workforce.
[Kenya] UK insurance firm Linkham Group acquires stake in Resolution Insurance
UK-based global insurance solutions firm, Linkham Group will acquire a stake in Resolution Insurance after purchase of 100% of the equity holding of private equity firm, Leapfrog Investment.
CDC invests $100m in Egyptian Alfa Medical Group
CDC Group, the UK’s development finance institution and impact investor, announced a $100 million minority equity investment in Egyptian Alfa Medical Group (AMG).
[South Africa] Logistics property fund Equites announces sale of two UK distribution warehouses
The JSE listed specialist logistics property fund, Equites, announced it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43.4 million.
Egyptian telemedicine startup Docspert Health secures funding round for geographical expansion
Docspert Health, a telemedicine startup with operations in the UK and Egypt, announced it has successfully closed Six-Figure USD investment in seed funding from Flat6Labs and a group of angel investors in the UK and USA.
Tourism back to 1990 levels as arrivals fall by more than 70%, UNWTO
According to the latest tourism data from the World Tourism Organization (UNWTO), destinations welcomed 900 million fewer international tourists between January and October when compared with the same period of 2019.
[Kenya] Prime Bank partners with SimbaPay for instant international money transfer
Kenyan private bank Prime Bank, has partnered with London-based fintech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
[South Africa] JSE enters a transaction with UK fintech company Globacap to establish private markets
JSE Limited, the operator of the Johannesburg Stock Exchange, has entered into a transaction with UK fintech company Globacap to progress a digital private placements platform and registry services.
[Nigeria] CDC announces $75m long-term funding to Stanbic IBTC Bank
CDC Group, UK’s development finance institution and impact investor, announced a $75 million debt commitment to Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and member of the Standard Bank Group.
Anglo African Oil & Gas confirms suspension of trading on AIM
Anglo African Oil & Gas confirms that trading in the Company's ordinary shares on AIM has been suspended with effect from 7.30 a.m. UK time today (5 November 2020).
Crown Agents Bank extends African payments reach with expanded Paga relationship
Crown Agents Bank announced it is expanding its partnership with Paga to increase its payments reach in Nigeria, Africa’s largest economy, as part of its continued growth trajectory.
Ravenswood establishes subsidiaries in UK and Kenya
Ravenswood Solutions has established two new subsidiaries, Ravenswood Technologies UK and Ravenswood Technologies Kenya, after winning a five-year contract from the UK Ministry of Defence.
New UK support to tackle locust swarms in East Africa
The UK Government has provided a new package to help control millions of locusts attacking crops across East Africa, Yemen and South West Asia by spraying, monitoring and surveillance.
UK businesses explore retail, e-commerce opportunities in Egypt
The UK Department for International Trade (DIT) and Egyptian British Chamber of Commerce (EBCC) organised first retail webinar to explore retail and e-commerce opportunities for British companies in the Egyptian market.
[Nigeria] Airsmat raises $100,000 investment to deepen AI application in agriculture
AirSmat, a Nigeria-based Pan-African Software company, has received a boost of $100,000 from Zetogon as pre-seeding investment to help the organization on the journey to deliver world-class service in Africa.
UK donates R50m to Solidarity Fund for projects supporting and promoting women in South Africa
South Africa's Solidarity Fund received R50m grant from the government of the United Kingdom, aimed at extending ongoing efforts to counter the repercussions of COVID-19, focusing specifically on projects supporting and promoting women.
RwandAir to restart its flights to and from London and Brussels
The resumption of European services will see the leading African carrier switch its UK operations from London Gatwick, with commercial flights to the Rwandan capital now departing from London Heathrow for the first time.
Air Partner opens new freight office in South Africa
Air Partner, a charter and Freight solutions specialist, has established its first physical presence in South Africa, with a Johannesburg sales office that will provide localised support to Freight clients within the region.
CommunityWFM, Smartz Solutions partner to expand into the UK and South African contact center markets
CommunityWFM, a leading workforce management (WFM) software vendor announced a partnership agreement with Smartz Solutions to fuel international growth.
[Column] Matthew Ryan: Euro tumbles as Eurozone inflation turns negative
The euro found strong resistance around the 1.20 level versus the US dollar yesterday, before ending the trading session sharply lower following some contrasting economic news between the US and Euro Area.
MFS Africa partners with PaySii to drive cheaper remittances across the continent
Pan-African cross-border payments leader MFS Africa has partnered with global money transfer start-up PaySii to help facilitate remittances in Africa.
Wild polio wiped out in Africa with UK aid support
UK efforts to stop wild polio in Africa have contributed to the continent being officially declared free from the disease, which can kill or maim children for life.
CDC Group establishes permanent presence in Egypt with appointment of new Coverage Director
CDC Group, the UK’s impact investor and development finance institution has established its permanent presence in Egypt with the appointment of Sherine Shohdy as its new Coverage Director.
CDC announces additional $75 million trade finance deal with Absa
CDC Group, the UK’s development finance institution and impact investor announced an additional $75 million commitment to its existing trade finance facility with Absa Bank.
[Column] Chris Burke: How COVID-19 is testing telcos’ mettle
We are living in testing times and for telecoms operators, the COVID-19 pandemic is throwing up challenge after challenge, ranging from a major mismatch between network configuration and the new traffic patterns.
Asoko Insight extends digital dealroom platform with UK’s Department for International Trade
Asoko Insight has announced that the deal origination platform will continue to match UK investors and businesses to fund-seeking African corporates for a further six months.
Kenya sends 3000 bouquets of flowers to UK amid COVID-19
Kenya has sent over 300 bouquets of flowers to London, United Kingdom in a show of solidarity with a country that remains its prime floriculture market amid the Covid-19 pandemic.
[South Africa] Driving data shows people are staying in lockdown more than US, UK
South Africans have been generally more observant of lockdown rules than their peers in countries such as the US and UK, car-usage data from Standard Bank Insurance suggests.
[South Africa] JSE, London Stock Exchange partner to introduce enhanced Fixed Income Indices
The Johannesburg Stock Exchange and FTSE Russell, a subsidiary of the London Stock Exchange have combined forces to launch the FTSE/JSE Fixed Income Indices, which will offer investors enhanced exposure to South African listed debt.
African Development Bank first social bond lists on London Stock Exchange
The African Development Bank’s “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange and is now available through its Sustainable Bond Market.
DFID selects McKinsey to help deliver 'Invest Africa' programme
The Department for International Development (DFID) has selected McKinsey& Company to help deliver its 'Invest Africa' programme.
New dawn for Somalia as arrears owed to the African Development Bank Group cleared
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union.