30-10-2014 22:52:00 | by: Administrator | hits: 20664732 | Tags:

Access Bank Zambia to merge with Cavmont Bank
10-08-2020 | 12:58:00
Access Bank Zambia and Cavmont Capital Holdings Zambia have signed a definitive agreement regarding a proposed merger of Access Bank Zambia and Cavmont Bank, a subsidiary of CCHZ.
Cairn sells to LUKOIL 40% interest in Senegal’s Rufisque, Sangomar and Sangomar Deep project
05-08-2020 | 06:48:00
Cairn Energy has entered into an agreement to sell to LUKOIL its entire 40 per cent interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore Contract Area, including the Sangomar development, offshore Senegal.
Abena Amoah appointed Deputy MD, Ghana Stock Exchange
29-07-2020 | 13:32:00
The Council of the Ghana Stock Exchange appointed Ms. Abena Amoah as the Deputy Managing Director of the Exchange, effective August 1, 2020.
VC4A announces 2020 Venture Showcase Seed targeting African early stage startups
29-07-2020 | 07:29:00
VC4A has launched a call for African startups looking to raise between $150K and $1 million.
[Kenya] Nairobi Securities Exchange appoints Kiprono Kittony as new Chair
29-07-2020 | 07:12:00
The Board of Directors of the Nairobi Securities Exchange (NSE) appointed Mr. Kiprono Kittony, EBS as the new Chair of the Board.
LUKOIL enters hydrocarbon production project in Senegal
27-07-2020 | 13:45:26
PJSC LUKOIL concluded an agreement with Cairn Energy to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash.
[South Africa] Vantage Capital provides Alleyroads with R82m funding
24-07-2020 | 09:39:00
Vantage Capital announced that it has provided R82 million of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo.
Nigeria's Access Bank acquires Kenya's Transnational Bank
22-07-2020 | 14:34:00
Nigeria’s Access Bank successfully completed the acquisition of Transnational Bank of Kenya with 99.98% shareholding, following regulatory approval granted by the Central Bank of Kenya.
Chevron to acquire Noble Energy in $13 billion deal
22-07-2020 | 07:53:00
Chevron Corporation has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
Fitch Ratings affirms triple 'AAA' rating of the African Development Bank with stable outlook
21-07-2020 | 12:24:00
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’, with stable outlook.
EBRD backs Egypt’s largest local currency bond issuance
21-07-2020 | 12:05:00
The European Bank for Reconstruction and Development (EBRD) is supporting Egypt’s New Urban Communities Authority in its plans to diversify funding sources by tapping the debt capital market with an investment of €86.5 million.
[Nigeria] LEKOIL definitive service agreements for Otakikpo JV executed
14-07-2020 | 07:31:00
LEKOIL announced that the Otakikpo Joint Venture (Otakikpo JV) has executed definitive agreements for the next phase of the Otakikpo marginal field development.
Pensana Rare Earths lists Angola’s Longonjo Project on the London Stock Exchange
10-07-2020 | 07:46:00
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
Zenith Energy to potentially acquire second oil production asset in Congo
10-07-2020 | 07:36:00
International oil & gas production company focused on pursuing African development opportunities Zenith Energy announces it has entered into a joint venture agreement with a local oil & gas company in the Republic of the Congo.
[Nigeria] FCMB to acquire 96 %stake in AIICO Pensions
07-07-2020 | 14:41:00
FCMB Group notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions, has entered into an agreement to acquire 96% of AIICO Pensions.
African Development Bank concludes $116m investment in Nedbank SDG-linked bonds
03-07-2020 | 12:51:00
The African Development Bank Group has concluded the investment of R2 billion ($116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.
[Nigeria] NSE upgrades data portal to improve market access
03-07-2020 | 11:55:00
The Nigerian Stock Exchange (NSE) upgraded its Data Portal (X-DataPortal) to provide a more efficient, user-friendly experience for subscribers.
CISI, GISI partnership renewal confirms confidence in Ghanaian financial services profession
30-06-2020 | 07:02:00
The Chartered Institute for Securities & Investment (CISI) and the Ghana Investment and Securities Institute (GISI) announced the renewal of their partnership, confirming confidence in Ghanaian financial services profession.
FAR signs new Joint Operating Agreements for Gambian asset
25-06-2020 | 07:45:00
FAR Gambia, a wholly owned subsidiary of FAR Ltd has signed new Joint Operating Agreements (JOA’s) in respect of the A2 and A5 Blocks in The Republic of The Gambia, with PC Gambia, a subsidiary of PETRONAS.
[Kenya] CMA admits two additional firms to the Regulatory Sandbox
24-06-2020 | 14:26:00
In line with its mandate to deepen and develop the capital markets industry, the Capital Markets Authority (CMA) announced the admission of two firms namely; Pyypl and Belrium Kenya, to its Regulatory Sandbox test environment.
[Nigeria] Absa successfully completes Dangote Cement debut Series 1 bond offering
24-06-2020 | 13:19:00
Absa Capital Markets Nigeria, acting as joint lead issuing house, successfully completed Dangote Cement debut Series 1 bond offering, allocating NGN 100 billion in 5-year fixed-rate senior unsecured bonds.
[Kenya] KCB shareholders approve KSh.11bn dividend payout
11-06-2020 | 09:17:00
KCB Group has announced a KSh.11.1 billion total dividend payout to shareholders for the 2019 financial year, signifying a sustained return to shareholders amid a tough operating environment.
Absa achieves substantial completion in three-year separation programme from Barclays
08-06-2020 | 10:57:00
Absa Group, one of Africa’s largest financial services providers, is celebrating substantial completion of its separation programme from Barclays PLC, three years after the start.
African Development Bank delivers on a decade of transformative commitments to reduce poverty
05-06-2020 | 06:52:00
For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution.
African equity capital markets activity see downward turn, but increase in domestic investors, report
04-06-2020 | 08:03:00
Data presented from the PwC Nigeria 2019 African Capital Market Watch shows that African equity capital markets activity has seen a downward trajectory over the past three years.
Sanlam acquires FBN Insurance Nigeria
03-06-2020 | 15:24:00
Sanlam has acquired the remaining stake in the Nigerian insurance business FBN Insurance from its partner, FBN Holdings Plc (FBNH), giving the Group 100% ownership of FBN Insurance Limited (FBNI) and its subsidiary, FBN General Insurance.
Renewed ASEA-CISI partnership boosts professionalism across African capital markets
03-06-2020 | 14:13:00
ASEA and CISI announces the renewal of their agreement to provide an effective framework to develop a common certification programme across the African capital markets.
InspiraFarms closes Series B investment round to expand operations in East and Southern Africa
28-05-2020 | 07:41:00
InspiraFarms, an on- and off-grid cold storage solutions provider in East and Southern Africa, has closed a Series B to further expand its operations in the region.
CISI, Tanzania Institute of Bankers deal to enhance global professional standards
22-05-2020 | 14:44:00
The Chartered Institute for Securities & Investment (CISI) and the Tanzania Institute of Bankers (TIOB) have signed an MoU with the aim of advancing professional standards in the Tanzanian banking sector.
[Nigeria] Tomato Jos secures €3.9 million financing to bolster growth
22-05-2020 | 06:58:01
Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market, has completed a €3.9 million Series A round.
[Nigeria] NSE demutualisation receives boost as court sanctions Scheme of Arrangement
20-05-2020 | 11:43:00
The Nigerian Stock Exchange (NSE) announces that the Federal High Court Lagos has now granted an order sanctioning the Scheme of Arrangement for the demutualisation of NSE.
Hexicon, Genesis Eco-Energy join forces for South African offshore wind market exploration
20-05-2020 | 09:51:00
Swedish floating windfarm developer Hexicon AB announced it has agreed to join forces with the leading South African wind developer Genesis Eco-Energy Developments in order to explore the development of offshore wind.
Kibo Energy acquires additional land contiguous to Benga Power Plant Project in Mozambique
20-05-2020 | 09:37:00
Kibo Energy announced that it has successfully acquired additional land contiguous to the Benga Power Plant Project in the Tete province of Mozambique, increasing the total project area with an additional 345 hectares.
Villgro Kenya invests $50,000 in The Pathology Network
19-05-2020 | 11:31:00
Villgro Kenya announced an investment of $50,000 to The Pathology Network, a digital referral platform for pathologists in Kenya.
Qatar Petroleum enters agreement for two exploration blocks in Côte d'Ivoire
18-05-2020 | 13:55:00
Qatar Petroleum entered into a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore the Republic of Côte d'Ivoire.
Total discontinues acquisition of Occidental Petroleum’s assets in Ghana
18-05-2020 | 13:46:00
Total has discontinued the acquisition of Occidental Petroleum’s Anadarko assets in Ghana.
Saipem-led Joint Venture awarded Nigeria's LNG Train 7 contract
15-05-2020 | 15:08:00
Saipem, in joint venture with Daewoo E&C Co. and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project.
Hexicon, Genesis Eco-Energy Developments join forces for South African offshore wind market exploration
14-05-2020 | 07:07:00
Swedish floating windfarm developer Hexicon AB announced it has agreed to join forces with the leading South African wind developer Genesis Eco-Energy Developments in order to explore the development of offshore wind.
[South Africa] JSE announces relief measures for market participants
13-05-2020 | 12:40:47
The Johannesburg Stock Exchange (JSE) has announced that it will provide relief measures to market participants to counter the impact of the Covid-19 pandemic on their businesses, to ensure business continuity.
MIGA insures Actis Energy investment in South Africa’s renewable energy sector
11-05-2020 | 06:49:00
MIGA has issued guarantees in support of the construction, ownership and operation of two solar photovoltaic power plants in South Africa’s Northern Cape, and two wind power plants in the Eastern and Western Capes.
[South Africa] Vantage Capital exits Vumatel
08-05-2020 | 11:08:00
Vantage Capital, Africa’s largest mezzanine debt fund manager, announced that it has fully exited its investment in Vumatel, the largest fibre-to-the-home network provider in South Africa.
Asoko Insight extends digital dealroom platform with UK’s Department for International Trade
07-05-2020 | 16:09:41
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.
Morningstar expands Morningstar Quantitative Rating to EMEA and Asia
06-05-2020 | 06:56:00
Morningstar, a leading provider of independent investment research announced the expansion of its Morningstar Quantitative RatingTM (the Quantitative Rating) coverage in Europe, Middle East, and Africa (EMEA).
AIIF2 complete exit of wind project and 34 per cent stake in 75MW solar project
06-05-2020 | 05:07:00
African Infrastructure Investment Managers (AIIM) announces the successful divestment of AIIF2’s 14% stake in Cookhouse, a 139MW wind farm, and 34% stake in REISA, a 75MW solar PV facility.
JSE, BLSA partner to assist disadvantaged communities in South Africa fight against COVID-19
05-05-2020 | 10:47:00
The Johannesburg Stock Exchange (JSE) and Business Leadership South Africa (BLSA) have partnered and each donated R1 million towards social outreach hygiene hampers and food parcels to assist disadvantaged communities in Gauteng.
DEG invests in Kenyan local supermarket chain Naivas
01-05-2020 | 14:17:47
DEG, Deutsche Investitions- und Entwicklungsgesellschaft mbH is investing in a Kenyan local supermarket chain, Naivas.
Phatisa and partners acquire Malawi’s Farming and Engineering Services Limited
29-04-2020 | 14:40:00
Phatisa Food Fund and a group of co-investors, Norfund, Mbuyu Capital and DEG have acquired Southern African integrated agricultural solutions provider, Farming and Engineering Services Limited.
[South Africa] Hudaco to secondary list on A2X
29-04-2020 | 14:25:34
Hudaco Industries has been approved for a secondary listing on A2X, effective 5 May 2020.
Commercial International Bank Egypt to acquire 51% of Kenya's Mayfair Bank
28-04-2020 | 07:50:27
The Central Bank of Kenya announced the acquisition of 51 percent of the shareholding of Mayfair Bank by Commercial International Bank (Egypt) S.A.E (CIB) effective May 1, 2020.
COMESA plans afoot to publicize Common Investment Area Agreement
28-04-2020 | 06:55:00
The COMESA Secretariat intends to mount a public awareness campaign on the benefits of the regional common investment area agreement in an effort to encourage countries to ratify and domesticate the regional document.
Total acquires Tullow's entire interests in Uganda Lake Albert project
24-04-2020 | 12:56:56
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline.
Zenith Energy successfully renegotiates acquisition of Tilapia oilfield, Congo
24-04-2020 | 09:05:00
Zenith Energy announced it has successfully renegotiated the terms for the acquisition from Anglo African Oil & Gas (AAOG) of its fully owned subsidiary in the Republic of the Congo.
[Kenya] CMA cautions investors against investing through unlicensed, unapproved firms
22-04-2020 | 11:54:00
The Capital Markets Authority (CMA) has cautioned investors against investing through unlicensed and unapproved entities offering Fund Management and Investment Advisory Services.
[South Africa] Exxaro Resources buys out Tata Power’s shares in Cennergi joint venture
22-04-2020 | 09:33:00
Khopoli Investments, a 100% subsidiary of Tata Power completed the sale of the Company’s entire stake in Cennergi, a South African joint venture to Exxaro Resources, for an amount of ZAR 1.550 million.
IFC invests in private equity fund to boost growth in MENA amid economic disruption
14-04-2020 | 13:05:00
IFC is investing up to $20 million into a newly independent, institutionalized private equity fund manager operating in MENA, to help small and mid-cap companies in the region improve their access to institutional capital and boost growth.
Private equity and venture capital industry pledges over 1 100 hours to assist SMMEs in South Africa
10-04-2020 | 13:31:00
Southern African Venture Capital and Private Equity Association has launched a small, medium and micro enterprise support platform in collaboration with is membership network.
[South Africa] JSE to trade for Solidarity Fund
10-04-2020 | 07:02:00
The Johannesburg Stock Exchange (JSE) will donate fees derived across all asset classes traded on Wednesday 15 April and Thursday 16 April as part of a brand-new campaign #Trade4Solidarity to the Solidarity Fund.
[South Africa] JSE, London Stock Exchange partner to introduce enhanced Fixed Income Indices
10-04-2020 | 06:55:00
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.
[Kenya] CMA admits CDSC to its Regulatory Sandbox
09-04-2020 | 08:32:00
The Capital Markets Authority (CMA) has admitted the Central Depository and Settlement Corporation (CDSC) to the Regulatory Sandbox to test its proposed screen-based Securities Lending and Borrowing (SLB) platform.
African Development Bank first social bond lists on London Stock Exchange
06-04-2020 | 09:18:00
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.
Vital Capital launches emergency debt facility targeting African companies
02-04-2020 | 07:17:42
Vital Capital, a pioneering impact investor focused on companies in sub-Saharan Africa, has announced a new debt facility providing loans to promising businesses to help them get through the coronavirus pandemic.
JSE,TMS launch virtual AGMs for clients to engage with shareholders
30-03-2020 | 11:55:00
JSE has partnered with TMS to launch the first virtual AGMs in South Africa to enable clients to engage with shareholders when the country is faced with tackling the Covid-19 pandemic.
[South Africa] JSE aligned essential services as country prepares for national lockdown
26-03-2020 | 12:15:00
As South Africa prepares for a national lockdown tonight due to the COVID-19 pandemic, the Government has identified the JSE as an essential service required to enable smooth functioning of the markets during the 21-day lockdown period.
[South Africa] Data sharing platform Omnisient receives funding from Nedbank, Investec and Compass Venture Capital
25-03-2020 | 07:20:56
Omnisient, a Cape Town-based Privacy-by-Design startup that specializes in secure data sharing for businesses, has landed pre-Series A funding from Nedbank CIB, Investec and Compass Venture Capital.
AFEX, FMDQ partner to promote product innovation for Nigeria’s capital market
24-03-2020 | 10:55:00
AFEX Commodities Exchange and FMDQ Holdings have formalised their partnership by executing a Memorandum of Understanding, solidifying their mutual interest in developing products to deepen the Nigerian capital market.
Danone, Incofin IM to invest in Africa water businesses
19-03-2020 | 13:14:00
Danone and Incofin IM have announced a partnership to pool capital from major investors to invest in innovative water businesses that provide affordable and safe drinking water to underserved populations.
Securities market operations continue normally with steady growth amid COVID-19 in Kenya
19-03-2020 | 07:43:00
In line with the mandate of ensuring an orderly, fair and efficient market as well as protection of investors, the capital markets industry is working jointly to ensure that market activities continue normally.
JSE continues trading amid COVID-19 increase in South Africa
18-03-2020 | 09:43:00
The Johannesburg Stock Exchange (JSE) announces that it has proactively implemented several precautionary measures to ensure that its employees are able to work safely and enable continuous trading in its capital markets.
[South Africa] Ninety One lists on the JSE
18-03-2020 | 09:33:31
The Johannesburg Stock Exchange (JSE) announces the primary listing of Ninety One Limited and the secondary listing of Ninety One Plc on its Main Board.
Mergence Investment Managers acquires stake in Lesotho’s aquaculture company SanLei
13-03-2020 | 06:11:00
One Thousand & One Voices has announced the successful recapitalization of SanLei, its specialist aquaculture portfolio company headquartered in Lesotho.
[Kenya] Co-operative Bank proposes to acquire Jamii Bora Bank
12-03-2020 | 08:50:00
The Central Bank of Kenya has been advised by both Co-operative Bank of Kenya Limited (Co-op) and Jamii Bora Bank Limited (JBB) of Co-op’s interest in acquiring JBB.
[Tanzania] WomenChoice Industries secures $200,000 funding from Gray Matters Capital’s coLABS
12-03-2020 | 05:46:00
WomenChoice Industries – a manufacturer and distributor of low-cost reusable sanitary towels has raised US$ 200,000 funding from Gray Matters Capital’s gender lens portfolio - coLABS
[Kenya] Visa unveils a Ksh.$2.4 million grant programs for women empowerment
11-03-2020 | 04:57:00
Visa has announced a $2.4 million (KES 242 Million) grant to Hand in Hand Eastern Africa to support low-income business owners in Kenya.
IFC, partners Ring the Bell for women empowerment in Egypt
10-03-2020 | 13:55:00
IFC, the Egyptian Exchange, UN Women, and the Egyptian Institute of Directors partnered during the annual Ring the Bell for Gender Equality event to encourage the private sector expand economic opportunities for women in Egypt.
[South Africa] Government, PepsiCo conclude agreement on Pioneer Foods acquisition
10-03-2020 | 06:52:00
PepsiCo agreed to a ground-breaking worker empowerment deal as part of its acquisition of a South African food company, in a deal that was confirmed by South African regulators.
Ghanaian President urges capital markets to remove ‘Africa Risk Premium’ from credit rating structure
04-03-2020 | 09:55:00
The President of the Republic of Ghana has called for the removal of the “Africa Risk Premium” from the credit rating structure for African countries seeking finance on the international capital market.
[Nigeria] NSE members assent to demutualisation resolutions
04-03-2020 | 08:02:00
Members of The Nigerian Stock Exchange (NSE) passed requisite resolutions for the demutualisation of The Exchange during a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM).
Kaspersky calling on tech startups to apply for its Open Innovation Program
04-03-2020 | 05:49:34
Kaspersky Innovation Hub (IHub) is calling on tech startups from across Africa and the rest of the world to apply for the second round of its Open Innovation Program.
Shell, ExxonMobil JV agrees on initial roadmap for exploration and development, offshore Somalia
03-03-2020 | 14:17:00
The Ministry of Petroleum and Mineral Resources of Somalia has agreed on an initial roadmap with the Shell, ExxonMobil Joint Venture towards the exploration and development of certain offshore hydrocarbon blocks.
IFC invests $200 million in Standard Bank of South Africa’s green bond issuance
03-03-2020 | 12:29:00
IFC has invested $200 million in The Standard Bank of South Africa's green bond placed on the London Stock Exchange.
GreenTec Capital Patners invest in Kenyan insect-based protein startup
27-02-2020 | 06:08:00
GreenTec Capital Patners has invested in Ecodudu, a Kenya-based waste-to-value company producing high-quality insect-based protein for animal feed and organic fertilizers from recycled organic matter.
[Rwanda] 12 African ed-tech startups to receive $40,000 grant from Mastercard Foundation
27-02-2020 | 05:28:00
The Mastercard Foundation Centre for Innovative Teaching and Learning in Information, Communications, and Technology (ICT) has announced the first 12 African EdTech startups for its first cohort.
[South Africa] JSE delivers strong cash generation despite tough market conditions
26-02-2020 | 08:12:00
The JSE faced a constrained operating environment in 2019, with muted activity in the local capital markets and an increase in planned operating expenditures, which have compressed total headline earnings by - 23%.
Azinam to become Operator and 50% holder of Block 2B offshore South Africa
26-02-2020 | 06:49:00
Azinam announces that following a deal with Africa Energy Corp., it will become the Operator and 50% licence holder in Block 2B offshore South Africa, which contains the A-J1 oil discovery.
ADM to acquire further interest in OML 113 from EER, Nigeria
24-02-2020 | 12:44:00
ADM Energy has entered into a sale and purchase agreement with EER Nigeria to acquire, subject to satisfaction of certain conditions, a participating interest of 2.25% from EER.
[South Africa] JSE to evolve Green Bond Segment to all-encompassing Sustainability Segment
21-02-2020 | 13:57:22
In order to drive sustainable investment and development, the Johannesburg Stock Exchange (JSE) aims to expand its current Green Bond Segment by introducing a Sustainability Segment.
[South Africa] Sibanye-Stillwater acquires 100% of Sibanye Gold, lists on the JSE
21-02-2020 | 13:38:00
In an effort to create an efficient group structure and adapt to a more diverse portfolio, Sibanye-Stillwater has acquired 100% of the Sibanye Gold, with a new listing of Sibanye-Stillwater shares on the JSE.
[South Africa] Agri-Vie Fund I sells stake in InteliChem
21-02-2020 | 09:30:00
Agri-Vie Fund I has announced its exit from InteliChem, the holding company of Terason and Technichem.
NSE launches comic book to boost financial literacy in Nigeria
20-02-2020 | 15:10:00
The Nigerian Stock Exchange (NSE) has published the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
[Egypt] E-health startup Vezeeta raises $40m Series D funding round
13-02-2020 | 08:07:00
Egyptian e-health startup Vezeeta has raised a US$40 million Series D funding led by UAE-based Gulf Capital, alongside further investment from existing Riyadh-based investor Saudi Technology Ventures (STV).
[Nigeria] NSE appointed Executive Committee Member of the Financial and Information Services Association
10-02-2020 | 06:40:00
The Nigerian Stock Exchange (NSE) announces its appointment as Executive Committee (EC) member of the Financial and Information Services Association (FISD), a division of the Software and Information Industry Association (SIIA).
Africa Capitalworks acquires stake in West Africa beverages maker Gaselia Industries
07-02-2020 | 07:12:00
Africa Capitalworks Management has announced the acquisition of a significant minority equity shareholding in West Africa's Gaselia Industries Group.
[Nigeria] TLcom’s TIDE Africa Fund closes at $71m
06-02-2020 | 09:02:00
TLcom, the Africa-focused venture capital firm, has announced it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71m.
[Egypt] Food delivery startup Elmenus raises $8m series B funding
06-02-2020 | 06:23:00
Egyptian food delivery tech startup elmenus has raised $8 million Series B funding round. The round was co-led by UAE-based VC fund, Global Ventures, and Egypt’s Algebra Ventures.
[Nigeria] TLcom’s TIDE Africa fund closes at $71M
05-02-2020 | 09:21:00
TLcom, the Africa-focused Venture Capital firm, today announces it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71mn
[South Africa] AI tech startup GotBot secures multi-million-rand investment from Capacitech
05-02-2020 | 08:28:00
South Africa's Artificial Intelligence (AI) startup GotBot has received a significant investment boost to the value of R2,5-million from venture capital firm, Capacitech.
[Rwanda] Five African credit scoring startups selected for ENGIE challenge at Africa Tech Summit
05-02-2020 | 05:51:00
French multinational energy utility company ENGIE has announced the five credit scoring startups that will pitch on the Africa Startup Summit at the Africa Tech Summit in Kigali.
Angel investor Founders Factory Africa invests in 5 African tech startups
05-02-2020 | 05:39:00
Founders Factory Africa, a seed investor has accepted five more African tech startups into its Venture Scale programme.
Interswitch lists N23 billion Bond on the Nigerian Stock Exchange
04-02-2020 | 08:45:00
Interswitch, a leading technology-driven company with a focus on the digitisation of payments in Nigeria and other African countries has listed N23 billion Bond on the Nigerian Stock Exchange.
NSE Growth Board to support fast-growing companies in Nigeria
31-01-2020 | 09:39:00
In line with its drive to deepen the Nigerian capital market, the new NSE Growth Board will encourage Small and Medium-sized Enterprises in their growth phase to seize the opportunity of raising long term capital.