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30-10-2014 23:52:00 | by: Administrator | hits: 29313321 | Tags:

[Africa Tech Review] Nixon Kanali: Africa still lagging behing when it comes to Digital Rights and Inclusion
26-05-2022 | 15:37:13
Digital Rights and Inclusion have been an area of concern for most countries across Africa. At the recently-concluded Digital Rights and Inclusion Forum 2022 organized by Paradigm Initiative and a host of country partners across
[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates
26-05-2022 | 12:45:00
The last few days have shown us developments and setbacks, statistics that show growth on the one hand and room for improvement on the other.
AfricInvest FIVE joins mobility fintech Moove’s latest US$105m Series A2 funding round
26-05-2022 | 10:29:00
AfricInvest, a leading investment platform in Africa, is joining mobility fintech Moove’s latest US$105 million Series A2 equity and debt financing round through its Inclusion Vehicle (AfricInvest FIVE).
AfricInvest secures $411 million for its AfricInvest Fund IV
26-05-2022 | 08:32:26
AfricInvest Fund IV, which targets mid-cap companies in Africa, achieved its final closing with significant commitments, making it "the largest African fund" of AfricInvest since its launch in 1994.
AfricInvest obtient 411 millions $ pour son fonds AfricInvest Fund IV
26-05-2022 | 08:21:00
AfricInvest Fund IV qui cible des entreprises de moyenne capitalisation en Afrique a réalisé son closing final en obtenant des engagements importants qui font de lui « le plus grand fonds africain » d’AfricInvest, depuis le lancement de ses activités en 1994.
CV VC Firm Launches Early-Stage Fund Targeting African Blockchain Startups
23-05-2022 | 11:34:00
Crypto Valley Venture Capital (CV VC) has today announced the launch of its African Blockchain Early-Stage Fund targeting blockchain startups from across Africa. 
[Africa Tech Review] Nixon Kanali: Africa continues to attract investments from big tech
19-05-2022 | 15:22:00
Oracle this week revealed plans to establish a new branch of Oracle Labs, Oracle's advanced research arm, at Casanearshore Park in Casablanca Morocco.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
19-05-2022 | 12:14:00
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
[Kenya] Healthtech startup Zuri Health raises $1.3-million to expand across Africa
19-05-2022 | 08:44:00
Kenyan healthtech startup Zuri Health has raised $1.3-million in funding to expand across Africa. The startup which offers mobile-based healthcare attracted investment from DOB Equity, Launch Africa and Founders Factory Africa.
Pan-African fintech app Bamba raises $3.2m seed funding
19-05-2022 | 08:22:00
Kenyan fintech startup Bamba has secured $3.2m in seed funding to scale its app and build out its team. Venture capital firm 468 Capital led the round.
Amethis, EBRD and SPE Capital acquire majority stake in Egypt’s GlobalCorp
17-05-2022 | 10:40:00
A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development (EBRD) and SPE AIF I, LP (SPE Capital) has acquired a majority stake in GlobalCorp, a non-banking financial services company in Egypt.
[Kenya] Habitat for Humanity launches new ShelterTech accelerator, seeking affordable housing innovations in SSA
16-05-2022 | 15:21:00
Global nonprofit organization Habitat for Humanity has opened applications for the ShelterTech sub-Saharan Africa accelerator program.
[Nigeria] Ventures Platform appoints Dr. Dotun Olowoporoku as New Venture Partner
16-05-2022 | 13:26:00
Less than 6 months after the first close of its $40m fund, pan-African VC firm, Ventures Platform is announcing the appointment of a new Venture Partner - Dr. Dotun Olowoporoku.
Orange returns to the Sustainability Bond market with a new €500 millions
16-05-2022 | 10:56:00
Orange successfully launched and priced a Sustainability Bond issue for a total amount of EUR 500 million to finance projects that fully reflect the Group’s ambitions in both the green and social fields.
[South Africa] JSE amends listings requirements to cut red tape, create an enabling environment
13-05-2022 | 08:53:00
The Johannesburg Stock Exchange (JSE), announced that the Financial Sector Conduct Authority has approved amendments to the JSE listings requirements, which will reduce red tape and create an enabling environment for companies listed on the bourse.  
[Africa Tech Review] Nixon Kanali: Safaricom’s mobile money service M-Pesa revenue hit Ksh.107.69 Billion
12-05-2022 | 15:53:00
According to Safaricom's Full Year 2021/2022 results released this week, M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion making it one of the biggest contributors to Safaricom's net profits. 
US VC firm Activant Capital opens new office in Cape Town, doubles down on research
12-05-2022 | 08:23:00
Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a new office in Cape Town, South Africa. 
La CCA-Bank en mission d'augmenter son capital
12-05-2022 | 08:04:00
La CCA-Bank convoque ses actionnaires en vue d’augmenter son capital, actuellement de 10 milliards de FCFA.
[South Africa] JSE launches equity market data analytics platform in collaboration with big xyt
11-05-2022 | 15:58:00
The Johannesburg Stock Exchange (JSE), announced the deployment of an innovative new information service leveraging big xyt’s Liquidity Cockpit for security analytics.
African Exchanges Linkage Project onboards 30 broker firms to facilitate cross-border trading
11-05-2022 | 15:49:34
The African Securities Exchanges Association (ASEA) is inching closer towards integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent.
CE-Creates merges with hatch & boost in MENA's first venture-builder merger for startups
11-05-2022 | 09:20:00
CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost, an Abu Dhabi-based venture-builder dedicated to ‘hatching’ startup ideas.
AIIM completes follow-on acquisition in MetroFibre Networx
10-05-2022 | 12:26:58
African Infrastructure Investment Managers (AIIM), one of Africa's largest infrastructure-focused private  equity fund managers, has confirmed the completion of a follow-on acquisition in MetroFibre Networx (MetroFibre).
Africa50 appoints Jon-Pierre Fourie as Senior Director, Strategy and Investors Relations
09-05-2022 | 15:09:00
Africa50, the pan-African infrastructure investment platform, has appointed Jon-Pierre Fourie as Senior Director, Strategy and Investors Relations, effective 9 May 2022.  
CE-Creates merges with Hatch & Boost in MENA’s first venture-builder merger
09-05-2022 | 10:15:00
Marking the first-ever portfolio merger of two venture builders in the region, CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost.
[Nigeria] NSE migrates four companies from ASeM to Growth Board
09-05-2022 | 10:07:40
The Nigerian Stock Exchange (NSE) announced the migration of Chellarams , Living Trust Mortgage , McNichols , and The Initiates from the Alternative Securities Market (ASeM) to the Growth Board.
SouthBridge Group announces major transactions in Togo
09-05-2022 | 10:07:39
SouthBridge Group, an innovative, pan-African financial advisory and investment firm, working with corporates, sovereigns and multinationals across the Continent, concluded two significant transactions in the Republic of Togo.
[South Africa] LyondellBasell, Sasol complete Louisiana Joint Venture transaction
09-05-2022 | 10:07:38
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.
Sarwa Capital closes its inaugural Sukuk issuance of $159.8m in Egypt
09-05-2022 | 10:07:36
Sarwa Capital, Egypt’s consumer and structured financial services provider, has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk Company; a subsidiary of Sarwa Capital, of $159.8 million.
African Development Bank invests in SPARK+ Africa Fund to deliver clean cooking solution
09-05-2022 | 10:07:36
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
IFC invests in Egyptian private equity fund to support business growth
09-05-2022 | 10:07:33
IFC announced an investment in an Egyptian private equity fund to help improve access to capital for small- and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs.
AfricInvest acquires minority stake in Fidelity Bank Ghana
09-05-2022 | 10:07:33
AfricInvest, Pan-African mid-cap-focused private equity firm, announced the acquisition of a minority stake in Fidelity Bank Ghana.
Afreximbank, Rwanda sign agreement for establishment of Fund for Export-Development in Africa
09-05-2022 | 10:07:33
African Export-Import Bank (Afreximbank) and the Republic of Rwanda signed key documents related to the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank.
[Nigeria] NCC counts gains of MTN listing on NSE
09-05-2022 | 10:07:32
The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s stock exchange market has continued to bring economic gains to Nigeria.
Bamboo Capital, Government of Madagascar, World Bank launch $40m energy access fund for Madagascar
09-05-2022 | 10:07:32
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
[Nigeria] NSE enhances fixed income securities market segment, revises trading fee
09-05-2022 | 10:07:31
In line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub, NSE enhanced its Fixed Income Securities market segment as well as the associated benefits to trade execution.
GCR places UAP Kenya’s national scale financial strength rating on Negative Rating Watch
09-05-2022 | 10:07:31
GCR Ratings (GCR) has affirmed UAP Insurance (UAP Kenya) national scale financial strength rating of A+(KE), with the rating placed on Negative Rating Watch as property risks bring down group credit profile.
CMA approves grant of non-dealing online foreign exchange broker license to Exinity Capital East Africa
09-05-2022 | 10:07:30
The Capital Markets Authority (CMA) has approved the grant of a license to Exinity Capital East Africa to operate as a non - dealing online foreign exchange broker.
[Kenya] CMA approves grant of REIT Manager license to Acorn Investment
09-05-2022 | 10:07:29
The Capital Markets Authority (CMA) has approved the grant of a Real Estate Investment Trust (REIT) Manager license to Acorn Investment Management.
[South Africa] LyondellBasell, Sasol form integrated polyethylene joint venture
09-05-2022 | 10:07:28
LyondellBasell and Sasol announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker.
Accelerex Holdings secures $20m investment from Africa Capital Alliance
09-05-2022 | 10:07:28
Accelerex Holdings Mauritius announced it has signed an investment agreement with regional private equity firm, Africa Capital Alliance (ACA), for the Capital Alliance Private Equity IV (CAPE IV) fund to invest $20 million in Accelerex.
EIB invests $22m in first closing of Lorax Capital Partners Fund II in Egypt
09-05-2022 | 10:07:27
The European Investment Bank (EIB) signed a commitment of $22 million with LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt.
West African Development Bank issues first African sustainability bond
09-05-2022 | 10:07:27
Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds).
Heirs Holdings $1.1bn OML 17 deal demonstrates renewed confidence in Nigerian economy
09-05-2022 | 10:07:27
The investment of over $1billion by Heirs Holdings in the acquisition of the strategic OML 17 from Shell, ENI and Total, has been described by various analysts as a very positive affirmation of confidence in the robustness of the Nigerian economy.
EBRD invests in Egypt-focused private equity fund
09-05-2022 | 10:07:26
The European Bank for Reconstruction and Development (EBRD) is boosting the resilience of the financial sector in Egypt and supporting equity financing to small and medium-sized businesses by investing up to $50 million in LCP Fund II.
IFC, AMMC join forces to increase availability of sustainable finance in Morocco
09-05-2022 | 10:07:26
IFC signed an agreement with the Moroccan Capital Market Authority (AMMC) that will help companies enhance their reporting on environmental, social, and governance (ESG) practices, paving the way for more green investments.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
09-05-2022 | 10:07:25
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
[Kenya] CMA admits FourFront Management to the Regulatory Sandbox
09-05-2022 | 10:07:25
The Capital Markets Authority (CMA) announced the admission of FourFront Management to the Regulatory Sandbox, bringing the total number of firms admitted to the live-testing environment for capital markets innovations to seven.
Allianz acquires controlling stakes in Kenya’s Jubilee Holdings subsidiaries
09-05-2022 | 10:07:22
Jubilee Holdings (Jubilee Insurance), East Africa’s insurance group, and Allianz, world's insurers and asset managers, signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates.
[Nigeria] Briclinks Africa lists on NSE Growth Board
09-05-2022 | 10:07:21
The Nigerian Stock Exchange (NSE) admitted Briclinks Africa to its Growth Board in a listing by introduction of 10 million ordinary shares of ₦1.00 each at ₦6.26 per share.
Vuna Partners delivers on deal to acquire 80% of 4PL Group in South Africa
09-05-2022 | 10:07:20
Vuna Partners Fund announced its acquisition of an 80% equity stake in 4PL Group Proprietary (4PL), with the remaining 20% shareholding held by the management of 4PL Group.
CDC, Nigeria Sovereign Investment Authority partner to strengthen collaboration
09-05-2022 | 10:07:20
CDC Group, UK’s development finance institution and impact investor signed a memorandum of understanding with the Nigeria Sovereign Investment Authority to facilitate long-term inclusive growth.
[Kenya] CMA undertakes Capital Market Master Plan review with FSD Africa support
09-05-2022 | 10:07:20
The Capital Markets Authority (CMA) has onboarded a consultant with the support of FSD Africa to review the Capital Market Master Plan, which provides the long-term strategic direction for the Kenyan capital markets.
African Development Bank named to the board of World Business Angels Investment Forum
09-05-2022 | 10:07:19
The World Business Angels Investment Forum announced the African Development Bank as its newest Board Member.
Helios Investment launches African reinsurance business, ASR
09-05-2022 | 10:07:11
Helios Investment Partners announced the launch of Africa Specialty Risk Group in partnership with Mikir Shah, former CEO of AXA Africa Specialty Risks, and Bryan Howett, former CEO of Old Mutual’s pan-African reinsurance operations.
ARM launches API service for fintech startups in Nigeria
09-05-2022 | 10:07:10
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.
[Namibia] Hangala Capital appoints Trofimus Shapange as Managing Director
09-05-2022 | 10:07:02
Hangala Group announced the appointment of Trofimus (Trophy) Shapange as the new Managing Director of Hangala Capital, effective 1st October 2020.
Continental Reinsurance announces 100% ownership of its Botswana subsidiary
09-05-2022 | 10:07:02
Pan-African reinsurer, Continental Reinsurance announced a change in the ownership structure of Continental Reinsurance Botswana, after its recent acquisition of a minority 40% stake in the company.
[Nigeria] Access Bank appoints Hassan M.T. Usman as Independent Non-Executive Director
09-05-2022 | 10:06:52
Access Bank announced the appointment of Mr. Hassan M.T Usman, FCA as an Independent Non-Executive Director of the Bank following the approval of the Central Bank of Nigeria.
[Nigeria] NSE appoints new Product Advisory Committees
09-05-2022 | 10:06:46
The Nigerian Stock Exchange (NSE) announced the appointment of its cycle two Product Advisory Committees (Committees) across different product lines - Equities, Fixed Income, Exchange Traded Funds (ETFs) and Derivatives.
[Kenya] NSE reports notable Profits after Tax of over 100% amid challenging economic conditions
09-05-2022 | 10:06:42
The Nairobi Securities Exchange (NSE) announced its results for the six months ended June 30, 2020 recording a strong performance on the back of a disconcerting macro-economic environment in Kenya and other global markets.
Montauk Renewables lists on Johannesburg Stock Exchange, South Africa
09-05-2022 | 10:06:34
US based renewable energy company, Montauk Renewables, listed on the Johannesburg Stock Exchange’s (JSE) Main Board, making this the first company listing for 2021.
Mediterrania Capital Partners exits Morocco's Cash Plus
09-05-2022 | 10:06:33
Mediterrania Capital Partners announced the sale of its remaining stake in Cash Plus, the largest independent money transfer company in Morocco.
CDC targets over $1bn annual investment in African businesses
09-05-2022 | 10:06:30
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.
First Abu Dhabi Bank acquires 100% stake in Bank Audi Egypt
09-05-2022 | 10:06:30
Bank Audi and First Abu Dhabi Bank (FAB) announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt.
[Nigeria] NSE inaugurates Claims Review Panel
09-05-2022 | 10:06:23
In preparation for its imminent demutualisation, the Nigerian Stock Exchange (NSE) inaugurated its Claims Review Panel, pursuant to the provisions of the Demutualisation of The Nigerian Stock Exchange Act 2018.
[Nigeria] NSE announces Chief Executives for its emerging entities
09-05-2022 | 10:06:21
The National Council of The Nigerian Stock Exchange (NSE) announced Chief Executives who will head its operating and non-operating companies upon the completion of its ongoing demutualisation.
Equity Bank Congo, Banque Commerciale Du Congo receive regulatory approval for merger
09-05-2022 | 10:06:18
Equity Group Holdings (EGH) received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commerciale Du Congo (BCDC) to form a new bank - Equity Banque Commercial du Congo (EquityBCDC).
[Nigeria] NSE revolutionises public offerings subscription with electronic platform
09-05-2022 | 10:06:14
The Nigerian Stock Exchange (NSE) launched X-PO, an online platform for the subscription of public offerings (POs), following the “No Objection” letter received from the Securities and Exchange Commission (SEC).
[Kenya] NSE launches unquoted securities trading platform
09-05-2022 | 10:06:11
The Nairobi Securities Exchange (NSE) launched the Unquoted Securities Platform (USP), a market infrastructure to facilitate the trading, clearing and settlement of securities of unquoted companies, following approval granted by the Capital Markets Authority.
[South Africa] Bytes Technology lists on JSE's main Board
09-05-2022 | 10:06:11
The Johannesburg Stock Exchange’s (JSE) announced the listing of Bytes Technology to its main Board, making it the fifth company to list this year outside of Exchange Traded Products (ETPs).
FSD Africa Investments commits $4.5m to support MSMEs in sub-Saharan Africa
09-05-2022 | 10:06:10
FSD Africa Investments (FSDAi), the investment arm of FSD Africa, announced a $4.5 million commitment to Funds set up by Lendable, to boost the capacity of alternative financial service providers in sub-Saharan Africa .
AAIM raises $80m capital to finance sustainable infrastructure investments in sub-Saharan Africa
09-05-2022 | 10:06:04
African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure fund, AIIF3.
DFC approves over $2.1b in new investments for global development
09-05-2022 | 10:06:04
The U.S. International Development Finance Corporation (DFC) has approved investments this quarter totaling more than $2.1 billion to advance development in emerging markets in Africa, Eastern Europe, Indo-Pacific, Latin America, and the Middle East.
Helios partners with BIM to invest in BIM’s Moroccan business
09-05-2022 | 10:06:02
Helios Investment Partners, Africa-focused private investment firm, announced a partnership with BİM BİRLEŞİK MAĞAZALAR (BIM), discount grocery retailer in Turkey listed on the Borsa İstanbul, to invest in BIM’s Moroccan business.
[Kenya] CMA approves student accommodation development and income REITs for Acorn
09-05-2022 | 10:06:01
The Capital Markets Authority (CMA) approved the Acorn Student Accommodation Development Real Estate Investment Trust (ASA D-REIT) and Income Real Estate Investment Trust (ASA I-REIT) sponsored by Acorn.
[Kenya] CMA approves Kshs4 billion Centum Medium-Term Note
09-05-2022 | 10:05:59
The Capital Markets Authority (CMA) has granted approval to Centum Real Estate (Centum Re) to issue secured zero-coupon and secured zero-coupon equity-linked Medium-Term Notes of Kshs4 billion, with a green shoe option of Kshs2 billion.
[Kenya] CMA seeks to review Collective Investment Schemes Regulations in response to market dynamics
09-05-2022 | 10:05:59
As part of its market deepening strategy, the Capital Markets Authority (CMA), with the support of FSD Africa, has onboarded a consultant to review the Capital Markets (Collective Investment Schemes) Regulations, 2001 to make them more robust.
Zimbabwe’s Russian-backed platinum venture sells stake to Fossil Mines
09-05-2022 | 10:05:57
Great Dyke Investments, a Russian-backed project planning to build Zimbabwe’s biggest platinum mine, has sold a 4.4% stake to Fossil Mines, as Covid-19 disrupted fundraising for the venture.
Wintershall Dea accroît sa participation dans le projet gazier algérien Reggane Nord
09-05-2022 | 09:16:00
Wintershall Dea a annoncé avoir conclu un accord de vente et d'achat pour acquérir la participation de 11,25 % d'Edison dans le projet de gaz naturel Reggane Nord en Algérie. 
Sirius-Somoil consortium signs SPA to acquire interests in Angolan offshore Blocks
06-05-2022 | 10:09:00
Sirius Petroleum announced that the joint Sirius-Somoil consortium, signed a SPA with Sonangol, to acquire participating interests of 8.28% and 10% respectively, in the Angolan offshore Blocks 18 and 31 and a 25% participating interest in Block 27.
Wintershall Dea expands interest in Algerian Reggane Nord gas project
06-05-2022 | 09:57:00
Wintershall Dea announced it has entered into a sale and purchase agreement to acquire Edison’s 11.25% participating interest in the Reggane Nord natural gas project in Algeria. 
[Africa Tech Review] Nixon Kanali: Data security and privacy laws develop across Africa
05-05-2022 | 15:44:00
This week, lawyers across Africa commented on the continent’s urgent need for data privacy and security laws among other top stories of the week.
[Nigeria] Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
05-05-2022 | 07:38:00
Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round.
Nigerian Exchange launches West Africas first ETDs Market
04-05-2022 | 09:53:35
The Nigerian Exchange (NGX), announced the launch of West Africa’s first Exchange Traded Derivatives (ETD) Market with Equity Index Futures Contracts.
[South Africa] FirstRand Bank lists two sustainability bonds on the JSE
04-05-2022 | 09:44:24
FirstRand Bank, one of South Arica’s major lenders, listed two sustainability bonds on the Johannesburg Stock Exchange (JSE).
We-Fi Unveils a $15 million Funding for Women Digital Inclusion in Africa
02-05-2022 | 15:13:00
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a $15 million funding to the African Development Back’s Africa Digital Inclusion Facility(ADFI)
Solar energy provider Sun King raises $260 million Series D funding
02-05-2022 | 15:05:00
Sun King, a solar energy company that helps power off-grid homes in Africa and Asia has raised $260 million in Series D funding.
[Nigeria] OnePort 365 secures $5 million Seed Funding to Digitize Freight Management in Africa
02-05-2022 | 08:45:00
Nigeria's digital freight forwarding company OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of freight management in Africa.
Afentra signs SPA with Sonangol to acquire Blocks 3/05 and 23 offshore Angola
29-04-2022 | 09:35:00
Afentra announced that its wholly-owned subsidiary, Afentra Angola, has signed a Sale and Purchase Agreement (SPA) with Sonangol to purchase interests in Block 3/05 and Block 23, offshore Angola.
Sequa Petroleum, partners acquire interest in Block 15/06 in Angola from Sonangol
29-04-2022 | 09:18:00
Sequa Petroleum announced that Sungara has entered into an agreement with Sonangol to purchase a 10% participating interest in Angola's Block 15/06, 40% participating interest in Block 23 and 35% participating interest in Block 27.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
28-04-2022 | 13:22:00
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Rwanda] CcHUB and Google unveil 9 Startups selected for the Fintech Incubation Programme
28-04-2022 | 07:32:00
CcHUB in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation has announced the nine startups selected for the Fintech Incubation Programme. 
[Nigeria] Insurtech startup ETAP secures $1.5 million pre-seed funding to drive car insurance penetration in Africa
25-04-2022 | 15:47:00
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
[Africa Tech Review] Nixon Kanali: Google joins tech giants setting up innovations hub in Kenya
21-04-2022 | 14:14:00
Google announced plans to open its first African product development centre in Nairobi. The centre is also Google’s second major research and development investment in Africa after the company set up an AI and research centre in Ghana back in 2019.
IFC invests in Algebra Ventures to support Egyptian tech startups, drive innovation
19-04-2022 | 12:15:00
To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC announced an investment in the second fund from venture capital firm Algebra Ventures.
[Africa Tech Review] Nixon Kanali: African governments are contributing to the achievement of digital transformation
14-04-2022 | 16:22:00
This week, the Kenyan government announced plans to deploy 100,000 Kms of fibre optic infrastructure across the country. T
[Egypt] Infrastructure and sustainability platform, Pylon, announces $19m funding round
12-04-2022 | 11:10:00
Pylon, the infrastructure management platform transforming electricity and water companies in emerging markets, announces a $19 million seed funding round.  
Microsoft Launches Accelerator Program For East and West African Startups
11-04-2022 | 10:33:08
Microsoft has announced a new partnership with GreenHouse Labs to facilitate the acceleration of African startups that are at the pre-series A stage.
Old Mutual Private Equity set to acquire 100% stake in Long4Life, South Africa
11-04-2022 | 10:02:00
Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, announced that Long4Life shareholders approved the transaction for OMPE to acquire 100% of Long4Life and delist the company.
Kenya-focused social e-commerce startup, Elloe, raises over $1m in pre-seed round
07-04-2022 | 11:33:00
Elloe, a US-based social e-commerce startup focused on Kenya and emerging markets, has announced that they have raised an undisclosed amount in pre-seed funding.