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30-10-2014 23:52:00 | by: Administrator | hits: 24776866 | Tags:

[Kenya] NSE launches Mini NSE 25 index futures contracts for derivatives market
18-06-2021 | 16:29:00
The NSE Derivatives Market (NEXT), has formally launched the Mini NSE 25 index futures contracts. The Mini NSE 25 index futures contract will appeal to retail investors due to its lower initial margin requirements.
Africa Renewable Energy Fund II secures €130m first close with SEFA and CTF investments
18-06-2021 | 15:55:00
The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.
Investment firm AIIM, consortium acquire 25.8% stake in South Africa's MetroFibre
18-06-2021 | 10:58:00
The African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), have agreed to acquire 25.8% interest in MetroFibre Networx.
MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
18-06-2021 | 10:16:06
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
Healthtech startup BASMA.com raises $3m Series A round to scale up its platform in the MENA region
16-06-2021 | 13:08:00
UK-based, MENA focused, startup BASMA.com closed $3 million Series A funding led by MEVP with the participation of SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital, to scale up its healthtech platform in the MENA region.
Sound Energy acquires additional interest Eastern Morocco
15-06-2021 | 10:47:00
Sound Energy, the Moroccan focused upstream gas company, has entered into a sale and purchase agreement with Schlumberger Holdings II Limited to acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS).
NAMCOR, ReconAfrica sign Joint Operating Agreement to develop Kavango basin in Namibia
15-06-2021 | 10:33:00
The National Petroleum Corporation of Namibia (NAMCOR), and ReconAfrica announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia.
[Nigeria] NGX lists Nova Merchant Bank’s N10Bn Bond
11-06-2021 | 09:20:00
The Nigerian Exchange Group (NGX), announced the listing of Nova Merchant Bank Plc’s N10billion Bond.
[Africa Tech Review] Duncan Mochama: Governments are helping advance the digital economy and drive economic transformation
10-06-2021 | 15:19:00
In Kenya, the government in partnership with the private sector also this week unveiled a new initiative aimed at equipping small business owners with digital skills.
[South Africa] Wuri Ventures and Capria Ventures invest $1.5 million in mobility data startup WhereIsMyTransport
10-06-2021 | 07:34:00
Pan-African VC fund Wuri Ventures and leading global investment firm, Capria Ventures, have announced a new investment in South Africa's mobility data start-up WhereIsMyTransport.
Speedaf express completes Round A+ financing to build China-Africa express brand
08-06-2021 | 11:17:00
Speedaf express, a China-Africa integrated logistics service provider, officially announced the completion of its Round A+ financing, led by TRUSTBRIDGE, followed by northern light VENTURE CAPITAL, and VISION+CAPITAL on the basis of Round A.
IFC launches program to support startups expand across the Maghreb region
08-06-2021 | 09:36:35
IFC launched a new advisory program aimed at making it easier for startups in Algeria, Libya, Morocco and Tunisia, expand their operations across North Africa.
AfDB supports risk-based supervision for capital markets in Ghana
04-06-2021 | 08:07:36
The African Development Bank (AfDB), and the Securities and Exchange Commission (SEC) of Ghana, launched a $400,000 project to strengthen the development of Ghanaian capital markets.
[Africa Tech Review] Duncan Mochama: Africa has very few support systems for aspiring local investors
03-06-2021 | 15:14:00
This week, Dream VC, a Remote Venture Capital Upskilling Institute launched a new fellowship program dedicated to providing more access and opportunities to traditionally underrepresented individuals in the African venture capital space.
Development Ministry launches startup support programme for Kenyan entrepreneurs
03-06-2021 | 13:26:00
The Federal Development Ministry (BMZ) has expanded its developPPP Ventures programme in Kenya to support local startups.
Adenia acquires life sciences distributor Africa Biosystems
03-06-2021 | 10:45:00
Adenia Partners, a private equity firm investing in Africa, announced it has completed the acquisition of Africa Biosystems Limited (ABL), a distributor of life sciences and clinical diagnostics equipment in East Africa.
Savannah Energy in proposed acquisition of ExxonMobil's upstream and midstream asset portfolio in Chad and Cameroon
03-06-2021 | 08:18:00
Savannah Energy announced it is in advanced exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon.
[Column] Ian Lessem: Venture Capital trends shaping the African investment landscape
03-06-2021 | 07:22:21
Ian Lessem, Managing Partner at HAVAÍC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the African Venture Capital (VC) landscape.
[Kenya] CMA approves registration of Masaru Unit Trust Fund
02-06-2021 | 14:15:00
The Board of the Capital Markets Authority (CMA), granted approval to Synesis Capital Limited to register Masaru Unit Trust Fund as a Collective Investment Scheme consisting of two sub-funds; Masaru Money Market Fund and Masaru Wealth Fund.
[Kenya] CMA admits KOA Save Africa and Moneto Ventures to the Regulatory Sandbox
02-06-2021 | 14:02:00
The Capital Markets Authority (CMA), has admitted KOA Save Africa and Moneto Ventures to the Regulatory Sandbox.
Venture capital funding for African startups to reach $2.8 billion in 2021, a record high for the continent
02-06-2021 | 13:47:00
African tech accelerator AfricArena recently released a new report using Partech data which has forecast that venture capital funding for African startups will amount to between $2.25 billion and $2.8 billion this year, a record high for the continent.
[South Africa] SAB Zenzele Kabili lists on JSE's Empowerment Segment
02-06-2021 | 13:07:05
Black South African retail investors will now get the opportunity to invest in the world’s largest beer producer, AB InBev, following the listing of SAB Zenzele Kabili on the Johannesburg Stock Exchange’s (JSE) Empowerment Segment.
[South Africa] NewFunds Reitway Global Property ETF lists on the JSE
02-06-2021 | 09:06:50
The Johannesburg Stock Exchange (JSE), announced that the NewFunds Reitway Global Property Exchange Traded Fund (ETF) has listed on the JSE Main Board.
OP Finnfund Global Impact Fund I invests $5 million in Ethiopian poultry company EthioChicken
02-06-2021 | 08:15:43
EthioChicken currently operates eight poultry farms and four hatcheries, which produce and supply young chicken for households in rural Ethiopia.
Dream VC Launches Inaugural VC Fellowship Program For Africa
31-05-2021 | 07:24:47
Dream VC, a Remote Venture Capital Upskilling Institute, has launched a new fellowship program dedicated to providing more access and opportunities to traditionally underrepresented individuals in the African venture capital space.
South African biotech startup LifeQ secures $47m in Series A funding
28-05-2021 | 09:28:00
South Africa and US-based biotech startup LifeQ secured $47 million in Series A funding from One Bio Venture Studio, a Cape Town-based VC and several other investors.
[South Africa] Afrimat acquires Gravenhage manganese mining right to further strengthen diversification
25-05-2021 | 10:17:00
Afrimat, an open-pit mining Company providing industrial minerals, commodities, and construction materials, announced the acquisition of the Gravenhage manganese mining right and associated assets in the Northern Cape, South Africa.
Kenyan Investment firm Cytonn ventures into insurance services
25-05-2021 | 09:33:00
Cytonn Investments has launched its insurance agency arm, the Cytonn Insurance Agency (CIA), whose key objective is to disrupt the insurance industry through innovation and automation of insurance processes.
The Sovereign Fund of Egypt, EFG Hermes sign agreements for acquisition of Arab Investment Bank
25-05-2021 | 08:29:00
The Sovereign Fund of Egypt (TSFE), and EFG Hermes, announced they have executed agreements to acquire 76% capital of Arab Investment Bank.
Djibouti’s Salaam African Bank acquires Kenya’s Uwezo Microfinance
21-05-2021 | 09:20:00
The Central Bank of Kenya (CBK) announced the acquisition of 100 percent shareholding of Uwezo Microfinance Bank (Uwezo MFB) by Salaam African Bank (SAB) of Djibouti.
CoreShares lists global ETF on the JSE, South Africa
20-05-2021 | 13:57:00
The Johannesburg Stock Exchange (JSE) announced the listing of CoreShares Total World Stock Feeder Exchange Traded Fund (ETF), giving South African investors exposure to large, mid, and small-cap stocks across developed and emerging markets.
[Africa Tech Review] Duncan Mochama: Africa is banking on digital payments innovation to create digital economies.
20-05-2021 | 13:30:17
Every single day, hundreds of millions of payment transactions are completed across Africa via cards, mobile money, and digital payments. The continent is banking on digital payments innovation to create digital economies.
[Kenya] Pangea announces upto $3 million scale-up program for local startups
20-05-2021 | 13:21:00
Norwegian-based accelerator Pangea has unveiled a scale-up program offering private funding of up to $3 million and business support to enable locally funded startups to accelerate their enterprises to the next level.
Seriti Resources to conclude acquisition of South32 coal assets in South Africa
20-05-2021 | 09:14:52
Coal mining company Seriti Resources confirms that all conditions precedent to its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled, and the sale is expected to be completed on 1 June 2021.
[Kenya] Five women-led tech startups awarded $10k funding by Standard Chartered Women in Tech Incubator
20-05-2021 | 07:30:00
The Standard Chartered Bank has awarded 5 women-led businesses with KES 1,000,000 each. The businesses were picked from the 4th cohort of the Standard Chartered Bank Women in Tech incubation program
Eni, bp to explore combining Angolan interests into new joint venture
19-05-2021 | 13:41:00
bp and Eni announced that they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country.
Afreximbank closes $1.3 billion dual tenor bond issuance
19-05-2021 | 08:16:00
The African Export-Import Bank (Afreximbank), successfully closed a $1.3 billion dual tenor bond issuance, the Bank’s largest-ever transaction in the international debt capital markets.
AGF receives $20m capital to facilitate green SME financing in Africa
19-05-2021 | 07:53:00
The African Guarantee Fund (AGF), received a capital increase of $20 million from the Danish Investment Fund for Developing Countries (IFU) to facilitate green SME financing in Africa.
PENOP partners with AVCA on development of private equity in Nigeria
18-05-2021 | 10:04:00
The Pension Fund Operators Association of Nigeria (PenOp) has partnered with the African Private Equity and Venture Capital Association (AVCA) to empower local investors and develop private equity (PE) as an asset class in Nigeria.
Impact Oil & Gas completes farm-in to Area 2 offshore South Africa
18-05-2021 | 09:46:00
Impact Oil & Gas announced the completion of the farm-in transaction between its wholly-owned subsidiary, Impact Africa and Silver Wave Energy for the acquisition of a 90% working interest and operatorship of Area 2, offshore South Africa.
[South Africa] African Infrastructure Investment Managers and Reatile acquire 30% stake in LNG pipeline from Sasol
14-05-2021 | 09:29:04
Sasol will retain a 20% shareholding in ROMPCO and will continue to operate and maintain the pipeline in terms of the pre-existing commercial agreement between another member of the Sasol group and ROMPCO.
Starsight Energy expands into East Africa
13-05-2021 | 14:24:00
Starsight Energy announced its expansion into East Africa via the acquisition of a 50% stake in the East African operations of Premier Solar Group, a Commercial & Industrial (C&I) solar company with a focus on Sub-Saharan Africa and South Asia.
IFC, Eris Property partner to support affordable student housing in South Africa
13-05-2021 | 09:25:00
To boost the development of affordable, quality, and resource-efficient student accommodation in South Africa for low-income students, IFC announced financing for a new investment platform managed by South Africa's Eris Property Group.
IMPACC to invest up to $150k in social businesses in Africa
13-05-2021 | 07:33:00
IMPACC has announced plans to provide smart equity investment of between $30,000 – $150,000 with a period of 6 to 12 months to social businesses in Africa.
CMA approves Crown Paints Kenya rights issue
12-05-2021 | 15:06:54
The Capital Markets Authority (CMA) has granted approval to Crown Paints Kenya to undertake a rights issue to raise Ksh711,810,000 by issuing and listing 71,181,000 new ordinary shares on the Nairobi Securities Exchange.
[Kenya] NSE launches the Unquoted Securities Platform
12-05-2021 | 14:51:00
The Nairobi Securities Exchange (NSE), officially launched its Unquoted Securities Platform (USP), a market infrastructure that facilitates the trading, clearing and settlement of securities of unquoted companies in Kenya.
Swedish engineering company Sandvik to acquire South African screens and feeders manufacturer Kwatani
11-05-2021 | 13:52:18
Sandvik signed a deal to acquire the South African based company Kwatani, the supplier of screens and feeders for the mining industry.
[South Africa] Kgatelopele Lime acquires PPC Lime for $39.1m
11-05-2021 | 09:05:00
PPC and Kgatelopele Lime announced they have reached an agreement for the sale of PPC Lime to Kgatelopele Lime for $39.1million.
Clicks to acquire Pick n Pay retail pharmacy business in South Africa
11-05-2021 | 08:47:14
Health and beauty company Clicks plans to acquire the retail pharmacy business of Pick n Pay, including 25 in-store pharmacies which will be rebranded to Clicks.
Galiano Gold acquires 100% of exploration properties in Mali
06-05-2021 | 16:06:00
Galiano Gold announced it has acquired 100% of ABG Mali Exploration SARL (ABG Mali) from a subsidiary of Barrick Gold for consideration paid of $1.5 million.
[Africa Tech Review] Duncan Mochama: Consumer Appetite for Digital Payments Takes Off in Africa
06-05-2021 | 14:23:14
As the world went into pandemic lockdown in 2020, consumers in Africa shifted their spending habits to embrace contactless tap-and-go payments and online shopping.
Africa Finance Corporation issues $750m 7-year Eurobond at a yield of 2.99%
06-05-2021 | 07:23:00
In a sign of robust global investor interest in the continent, Africa Finance Corporation (AFC), a multilateral development financial institution dedicated to infrastructure financing in Africa, successfully issued a Eurobond at its lowest yield to date.
Kenyan Female Entrepreneur Raises $1.8M in Seed Funding for Lami Technologies
06-05-2021 | 07:13:00
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has raised $1.8 million in seed funding.
West Africa's Uhuru Investment Partners closes growth fund at $113m with capital support from CDC
05-05-2021 | 11:32:00
Uhuru Investment Partners (Uhuru), a middle-market private equity firm based out of Lagos and Abidjan, announced the first close of Uhuru Growth Fund I (UGF) at $113 million, with capital support from CDC Group.
Anglo African Oil & Gas to acquire 25% interest in Saltfleetby gas field, East Lincolnshire
05-05-2021 | 07:54:00
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.
Mastercard announces a fresh investment in Rwandan female-focused eCommerce platform Kasha
03-05-2021 | 07:38:58
Mastercard has today announced a new investment in Rwandan female-focused eCommerce platform Kasha to ensure women across emerging markets have essential access to health and personal care product
[Interview] Zahra Baitie-Boateng, Head of Partnership and Programs, Africa’s Business Heroes, Ghana
03-05-2021 | 07:13:00
Zahra Baitie-Boateng, is the Head of Partnership and Programs, Africa’s Business Heroes, Jack Ma Foundation’s flagship philanthropic program in Africa to support entrepreneurs.
[Tunisia] Zenith Energy acquires Robbana and El Bibane concessions from Candax
30-04-2021 | 16:31:00
Zenith Energy announced that Compagnie Du Desert has entered into a share purchase agreement with Candax, for 100% acquisition of El Bibane and Robbana concessions in Tunisia.
Lacuna Fund announces second round of funding to projects supporting Natural Language Processing technologies Across Africa
29-04-2021 | 16:07:00
The partner organisations behind Lacuna Fund implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, announced the second cohort of supported projects.
[Africa Tech Review] Duncan Mochama: Global organisations are bringing entrepreneurial and tech skills to support African women
29-04-2021 | 13:38:00
The Cherie Blair Foundation for Women, DHL, and Sinapis this week launched a new program to bring entrepreneurial skills and support to over 3,500 of Kenya’s most promising women entrepreneurs
[Nigeria] AXA Mansard Pensions rebrands to Tangerine Pensions
29-04-2021 | 12:20:00
Upon receipt of all necessary approvals from the National Pension Commission (PenCom), AXA Mansard Pensions has rebranded to Tangerine Pensions.
[South Africa] JSE Investor Services collaborates with William Radcliffe to provide legal and governance services
29-04-2021 | 11:39:00
JSE Investor Services has entered into a collaboration with William Radcliffe to offer listed companies with new value-added services that include company secretariat, share administration and trust services, effective 1 May 2021.
[South Africa] Applications for the HiiL Justice Accelerator to close on 30th April
29-04-2021 | 07:44:00
Southern African justice startups looking for the opportunity to take their business to new heights have until 30 April 2021 to enter the Hague Institute for Innovation of Law (HiiL) Innovating Justice Challenge.
Accenture invests in Nigerian fintech startup Okra
27-04-2021 | 15:39:00
Accenture announced an investment, through Accenture Ventures, in Nigeria-based fintech company Okra, an open finance data infrastructure startup serving the rapidly expanding African financial services market.
[Column] Faizal Bhana: Shariah-compliant Structuring and its Relevance to Impact Investing
26-04-2021 | 07:54:00
Socially responsible investing (SRI) and the trend towards products offering environmental, social and governance (ESG) standards are among the drivers of increasing demand for Shariah-compliant wealth management solutions
Kenyan e-mobility startup Ecobodaa secures funding from Persistent Energy Capital
23-04-2021 | 08:56:08
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
[Africa Tech Review] Duncan Mochama: More African countries are now rolling out 5G
22-04-2021 | 15:09:00
A number of African telcos already starting to roll out this fifth-generation technology standard for broadband cellular networks in the different countries they operate in.
[Uganda] Insurtech startup OKO raises $1.2 million to bring innovative insurance to smallholder farmers across Africa
22-04-2021 | 10:38:00
OKO, an Insurtech startup that provides inclusive agricultural insurance to secure farmers’ income across Africa, has closed a Seed investment of $1.2 million.
[Column] Ian Lessem: Shaping tomorrow’s innovation - Collaborating with the right VC partner
22-04-2021 | 09:27:00
HAVAÍC says aligning to startup founders’ interests leveraging off smart capital and working together towards a mutually favourable exit is the foundation for successful collaboration between Venture Capital (VC) investors and startups.
[South Africa] Karooooo lists on JSE’s Main Board
22-04-2021 | 08:24:00
Karooooo, a software company, joined the JSE’s Main Board. Karooooo is the controlling shareholder of Cartrack, the previously JSE-listed fleet management and vehicle recovery specialists.
Sommet Education expands its global footprint with acquisition of South Africa's Invictus Education
21-04-2021 | 16:18:50
Sommet Education together with Invictus Education Group announced that Sommet Education is acquiring a majority stake in Invictus Education alongside its historical shareholders.
Azinam completes acquisition of 50% operated interest in Block 2B oil discovery offshore South Africa
21-04-2021 | 16:02:56
Azinam South Africa Limited (ASAL), a Seacrest company, announced the completion of its acquisition of a 50% operated interest in Block 2B offshore South Africa.
KAS Africa secures $10 million investment to expand operations
21-04-2021 | 15:45:42
KAS Africa, a contract manufacturer of personal, home, baby and oral care FMCG products, has received an investment with an aggregate value of $10 million from TRT Investments Limited.
Nigeria's Access Bank to buy Atlas Mara's stake in African Banking Corporation of Botswana
21-04-2021 | 09:01:00
Nigeria's Access Bank, Atlas Mara and ABC Holdings (ABCH), have entered into a definitive agreement regarding a proposed acquisition of 78.15% of the issued share capital of African Banking Corporation of Botswana, by Access Bank.
[Ghana] UNICEF StartUp Lab Announces Twenty-Two Startups Joining the Second Cohort
19-04-2021 | 12:45:00
UNICEF has announced the twenty-two startups that will be taking part in this year's cohort of the UNICEF Startup Lab, a co-creation space and accelerator.
Grindstone Accelerator programme opens applications for 20 South African startups
19-04-2021 | 08:36:03
Grindstone is an equity-free structured entrepreneurship development programme that assists high-growth innovation-driven SMEs in South Africa to become sustainable and fundable.
[Africa Tech Review] Duncan Mochama: Twitter Opens First African Office in Ghana to Tap Fast-Growing Market
15-04-2021 | 15:46:00
Twitter announced that it's finally coming to Africa. The microblogging site announced on Monday that it was opening a new office in Ghana, which it said was in line with its growth strategy.
South African digital health startup Quro Medical secures $1.1m seed funding to accelerate growth
15-04-2021 | 15:01:00
Quro Medical, a South African digital health startup, emerged from stealth mode to announce the closure of its seed funding round to accelerate growth for Africa’s first technology-driven Hospital at Home offering.
[Kenya] CMA commences enforcement hearings on Imperial Bank bond issue
14-04-2021 | 16:12:04
In line with its investor protection mandate, as affirmed by the Supreme Court, the Capital Markets Authority (CMA) commenced its enforcement proceedings against former board members of Imperial Bank.
ThinkMarkets launches South African shares & ETFs offering
13-04-2021 | 15:45:00
Brokerage company ThinkMarkets announced the launch of its South African shares and ETFs offering. The new, advanced technology is designed to deliver an accessible entry to investing into shares of companies listed on the JSE to local investors.
Anglo American demerges South Africa thermal coal operations
12-04-2021 | 17:11:00
Anglo American announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021.
[South Africa] JSE welcomes listing of Sygnia’s global, sustainability-linked ETF
12-04-2021 | 16:38:00
The Johannesburg Stock Exchange (JSE) welcomed the listing of Sygnia’s Exchange Traded Fund (ETF), Sygnia Itrix S&P Global 1200 ESG ETF, on the Main Board.
Nigerian fintech Appzone raises $10m for expansion and proprietary technology
12-04-2021 | 11:44:00
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round.
Solar home systems startup Baobab+ raises €4 million to expand in Côte d’Ivoire and Senegal
12-04-2021 | 08:35:38
Solar home systems social enterprise startup Baobab+ has raised €4 million in financing for the expansion of its activities in Côte d’Ivoire and Senegal.
[Rwanda] Electric Mobility Startup Ampersand Raises $3.5m from EIF
12-04-2021 | 08:17:00
Kigali based electric motorcycle startup Ampersand has raised $3.5 million in funding from the Ecosystem Integrity Fund (EIF) to rapidly scale its electric motorcycle and swap station network in Rwanda.
[Africa Tech Review] Duncan Mochama: Africans are increasingly using eCommerce in response to COVID-19 restrictions
08-04-2021 | 14:20:30
Ten countries are responsible for 94% of all online business in Africa. South Africa, Egypt, Nigeria, Algeria, and Kenya together account for 78% of total marketplace traffic.
Verdant Capital raises $9.9 million financing for East African tech enabled MSME lender Tugende
07-04-2021 | 13:32:00
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
[South Africa] JSE drives more transparency and liquidity, provides access to real-time market-making scheme
07-04-2021 | 12:03:00
In an effort to increase liquidity and price transparency for Index Option contracts in the options market, the Johannesburg Stock Exchange (JSE), will now be providing access to real-time, on screen pricing for its JSE Top 40 Index Options contracts.
S&P Dow Jones Indices launches first SPIVA Scorecard for the MENA region
07-04-2021 | 09:00:34
S&P Dow Jones Indices, world's index provider, announced the inaugural publication of the S&P Indices Versus Active Funds (SPIVA®) Scorecard, measuring the performance of equity funds domiciled in the Middle East and North Africa (MENA).
[Africa Tech Review] Duncan Mochama: Women key to Africa’s digital transformation
01-04-2021 | 16:27:54
Connecting women to the digital economy is critical to driving further economic growth and innovation on the African continent.
Applications Open for Jack Ma’s 2021 Africa’s Business Heroes Prize Competition
01-04-2021 | 12:28:00
The “Africa’s Business Heroes” (ABH) prize competition, Jack Ma Foundation’s flagship philanthropic program spotlighting and celebrating Africa’s entrepreneurial talent has opened applications for its third annual edition.
Glovo raises $528M Series F funding round to grow its operations
01-04-2021 | 10:44:21
On-demand delivery startup Glovo has raised $528M funding round led by New York-based investment managers Lugard Road Capital and the Luxor Capital Group.
JSE lists first Social Bonds on its Sustainability Segment in South Africa
01-04-2021 | 09:33:00
The Johannesburg Stock Exchange (JSE), welcomed the first listed Social Bonds in South Africa to its Sustainability Segment.
Afreximbank appoints Emmanuel Assiak as Acting CEO of FEDA
01-04-2021 | 09:26:00
The Board of the Fund for Export-Development in Africa (FEDA), an equity, development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), has appointed Emmanuel Assiak as Acting CEO, effective March 11, 2021.
[Sierra Leone] Capitol Foods receives $1 million debt facility to boost expansion
30-03-2021 | 15:14:00
Cordaid Investment Management (CIM) and Triodos-Hivos Fund, two Netherlands-based impact investment funds, have co-financed Capitol Foods’ expansion of its local fruit processing capacity to meet the growing demand for its Sierra Juice beverage products.
Insurtech startup Curacel secures $450K pre-seed funding to drive insurance inclusion in Africa
30-03-2021 | 12:45:00
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance with participation from Kepple Ventures and other African angel investors.
[Egypt] Kemin becomes a majority shareholder in animal vaccine company MEVAC
30-03-2021 | 08:54:00
Kemin Industries is growing its presence in the global vaccine market by becoming majority shareholder of MEVAC, an animal vaccine manufacturer based in Cairo, Egypt.
HiiL opens applications for Justice Accelerator for Southern Africa startups
29-03-2021 | 11:13:24
The Hague Institute for Innovation of Law (HiiL) has opened applications for this years HiiL Innovating Justice Challenge.
Kenyan agency banking startup Tanda secures funding to expand regionally
29-03-2021 | 08:01:00
Kenyan agency banking startup Tanda has announced that is expanding its operations regionally after closing a funding round in February 2021.
ASIP Accelerator Program open for applications from disruptive startups in Africa
26-03-2021 | 08:30:22
To develop the potential of startups driving the internet economy, Telecel Group has opened applications for the ASIP Accelerator Program powered by Startupbootcamp AfriTech.