African market intelligence startup Rwazi raises $4 million funding
African market intelligence startup Rwazi has raised a $4 million seed funding round led by Bonfire Ventures and saw participation from Newfund Capital and Alumni Ventures.
Factor[e] Ventures launches new venture studio for African startups
Known as Delta40, the studio aims to increase incomes and tackle climate change in Africa by building and investing in technology ventures.
Bank One raises USD60 million on behalf of Letshego Group.
Bank One to announce that it has been selected by Letshego Group, one of the leading microfinance institutions in Africa, as its bank of choice for a syndication of USD 60 million.
Dream VC Opens Applications for its 2023 Talent Accelerator Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2023 Accelerator Program for VCs in Africa.
[Nigeria] Government launches a $672 million fund to support tech startups
The funds will be channeled to young Nigerians between the ages of 15 and 35, who are engaged in creative, innovative, and tech-enabled businesses in their early stages.
[Rwanda] Applications for 2023 Africa’s Business Heroes Prize competition open
Now in its fifth year, the competition offers a unique opportunity for African entrepreneurs to highlight their talent and make a bigger impact on the community through their businesses
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
[Nigeria Business Week] Andrea Ayemoba: Investments take priority over all
With global inflation spiraling out of control, every country is working harder than ever to welcome new enterprise and business. Nigeria made great progress in this in recent months.
[Column] Goodie M. Ibru: What the AfCFTA brings to the table in Africa
The trade and investment layout of the African Continent is a story of both promise and missed opportunities. With a population of over 1.2 billion, Africa promises a huge and promising market.
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, Afreximbank organize free webinar masterclass, September 28
In continuation of the series of webinars that has been ongoing throughout the year, the African Business Roundtable and the African Import Export Bank (Afreximbank) are set to hold yet another webinar on capacity building and investor preparation.
L'African Business Roundtable et Afreximbank organisent un séminaire en ligne gratuit le 28 septembre
Dans la continuité de la série de webinaires qui s'est déroulée tout au long de l'année, l'African Business Roundtable et la Banque Africaine d'Import-Export (Afreximbank) vont organiser un autre webinaire sur le renforcement des capacités et la préparation des investisseurs.
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] Goodie M. Ibru, Founder, Ikeja Hotel, Nigeria
With over half a century in business ownership and management, Goodie M. Ibru is the founder of Ikeja Hotel Plc, the founder and Principal Partner of G.M. Ibru & Co. and current Vice President (West Africa) of the African Business Roundtable.
[Interview] Goodie M. Ibru, Fondateur, Ikeja Hotel, Nigeria
Avec plus d'un demi-siècle d'expérience dans la propriété et la gestion d'entreprises, Goodie M. Ibru est le fondateur de l'Ikeja Hotel Plc, le fondateur et partenaire principal de G.M. Ibru & Co. et l'actuel Vice-Président (Afrique de l'Ouest) de l'African Business Roundtable.
[Interview] N. Justin Chinyanta, Directeur Général et PDG, Loita Group
De nationalité zambienne et résidant à Johannesburg, en Afrique du Sud, N. Justin Chinyanta est le fondateur, le président et le directeur général de Loita Holdings Corporation, ainsi que le vice-président exécutif du chapitre d'Afrique australe de l'Africa Business Roundtable (ABR).
[Interview] N. Justin Chinyanta, Chairman and CEO, Loita Group
A Zambian national residing in Johannesburg, South Africa, N. Justin Chinyanta is the founder, Chairman and Chief Executive Officer of Loita Holdings Corporation as well as the Executive Vice` President for the Southern Africa Chapter of the Africa Business Roundtable (ABR).
[Interview] Dr. Mima Nedelcovych, Chairman, AfricaGlobal Schaffer
Dr. Mima Nedelcovych is the Founder and Chairman of AfricaGlobal Schaffer, a strategic consulting firm focused on project development, project finance, trade facilitation, and public-private partnerships in developing countries, with a particular focus on Africa.
[Interview] Dr. Mima Nedelcovych, Président, AfricaGlobal Schaffer
Mima Nedelcovych est fondateur et président d'AfricaGlobal Schaffer, une société de conseil stratégique spécialisée dans le développement de projets, le financement de projets, la facilitation du commerce et les partenariats public-privé dans les pays en développement, et plus particulièrement en Afrique.
Côte d'Ivoire as a country for investment
Côte d'Ivoire has raised its reputation as a leading party for investment when considering francophone Africa but also considering the continent as a whole.
Masterclass sur la préparation des projets de l'African Business Roundtable Séminaire Web gratuit, 27 juillet
Après des discussions avec diverses institutions de conseil et d'investissement, et afin d'attirer davantage les investissements vers les projets, le secrétariat de l'African Business Roundtable, en association avec Afreximbank, a conçu le "Project Preparation Masterclass"
The African Business Roundtable Project Preparation Masterclass Free Webinar, July 27
After discussions with a variety of advisory and investment institutions, and to further attract investment to projects, the African Business Roundtable Secretariat in association with Afreximbank has designed the “Project Preparation Masterclass”.
[Column] Alexandra Fraser: Angel investors plugging the early-stage funding gap in sub-Saharan Africa
To fill the early-stage funding gap, the continent urgently needs more investors.
[Nigeria Business Week] Andrea Ayemoba: Banks rally behind women-led SMEs
The NNPC has an approximated value of 50 trillion naira. With oil and gas infrastructure in Nigeria constantly plagued by mischief and vandalism, an ECOWAS expert has profferred a very interesting solution to this persisting problem
[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates
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.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
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.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
[Column] Philani Sangweni: Qualities venture capitalists will look for in entrepreneurs in 2021
2020 was a difficult for everyone, but businesses faced an especially tough time. A few startups have, however, risen above the storm, managing to continue on their upward growth trajectory.
African Development Bank delivers on a decade of transformative commitments to reduce poverty
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.
[Interview] Peter Macharia Kamau, CEO, Jijenge Credit Limited, Kenya
Peter Macharia Kamau is a seasoned banker with over 30 years experience in the Banking Industry. Peter founded Jijenge Credit, a lending institution operating since 2014 within East Africa.
[Column] Neil Hobbs: Significant tax benefits on offer for SA's venture capital investors
In July 2009 the South African Revenue Services (SARS) introduced section 12J of the Income Tax Act to encourage ordinary taxpayers to invest in small, medium and micro-sized enterprises (SMMEs).
[Interview] Fabrice Nze-Bekale, Managing Partner, ACT Afrique, Senegal
Fabrice Nze-Bekale is an experienced investment banker with a working history in investment banking, telecoms and the mining & metals industries. He is currently the Managing Partner of the pan-African firm, ACT Afrique.
[Kenya Business Week] US key investment target in Africa
US has reiterating its commitment to strong partnerships with key countries in Africa, specifically naming Kenya as a target for future US aid and investment.
[SA Business Week] Mixed fortunes for public and private sectors
The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.
[SA Business Week] Telcos shine at AfricaCom, A2X gains new traders
AfricaCom is Africa’s largest tech, media and telcos annual festival where digital Africa interacts, learns, debates and ultimately make deals.
[SA Business Week] Opening businesses to the world, growing markets
In the recent years, South Africa has continued to prove that it is one of the most diverse and promising emerging markets in Africa. The country has become a key global hub for investment, innovation and research.
[Nigeria Business Week] Towards sensible investments, capital pours in from the outside
For a country as populous as Nigeria, the wheels can and should not stop rotating. Supply rarely ever exceeds demand, investors are always welcome and jobs are never surplus.
The Africa 2018 Forum | 8-9 December 2018 | Sharm El Sheikh | Egypt
Greater economic integration through increased investment flows into Africa
[SA Business Week] Blockchain to curb Cape Town water issues, taxi operators get a boost
Blockchain technology came into being in the early 2009. This invention was faced with a lot of backlash as most people lacked prior information about it and were therefore not ready to risk investing in it.
[SA Business Week] Key sectors appointments and a busy air route
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
[Nigeria Business Week] Forging bonds at new levels, China bets higher
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
[Interview] Francis Vesta, Senior Investment Analyst, Itanna, Nigeria
Francis Vesta is Senior Investment Analyst at Itanna, an offshoot of the Honeywell Group in Nigeria.
Join the African Green Revolution Forum Investor DealRoom
The Forum will be held in Kigali, Rwanda on 5-8 September 2018
Are you an agribusiness seeking funding and/or investment?
Africa Green Revolution Forum pulling together stakeholders in the agricultural landscape, will host a Dealroom connecting investors with business owners
[Interview] Mansur M. Nuruddin, Partner, MNCapital Africa Advisors
Mansur M. Nuruddin is a founding Partner of MNCapital Africa Advisors, a financial advisory firm focused on the African market.
Africa Trade and Investment Global Summit 2018
Driving Trade, Unleashing Investment and Enhancing Economic Development
[Startup Interview] Heaven Bereket, Co-Founder, BaobabFund, Ghana
At a time when African startups are struggling with access to information on funding and transforming ideas to successful businesses, even as investors express growing appetite for the African startup market, BaobabFund is bridging this information gap.
Africa Business Communities is launching African Startup Platform - looking for partners
African startups have been on a meteoric rise, positioning themselves as key players in the African economies, boosting innovation, and businesses while creating employment
[Interview] Peter Tole, Co-Founder and Director, Land LayBy Real Estate, Kenya
The real estate firm, Land LayBy was founded by Dr. Peter Tole, a Kenyan medical doctor resident in Australia, in 2014. Land LayBy is a unique combination of assistance to Africans in diaspora and accelerating economic growth on the continent.
[Column] Tony Elumelu: Why Africapitalists will build a continent’s future
Africa is a place of real business opportunity that the world should be alive to. I know, having built businesses that now operate in 20 African countries and through creating a program over 10 years that is funding and mentoring 10,000 African entrepreneurs.
Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 companies, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
[Interview] Maria Auma, CEO, Blue Luxury Investments, Uganda
Maria Auma is a Ugandan entrepreneur and investment specialist. Her company, Blue Luxury Investments, specializes in connecting investors with viable businesses.
[Interview] Korede Ologun, Head, Research & Advisory, Helix Securities, Nigeria
Korede Ologun of Helix Securities Limited interviews with Africa Business Communities on past and present economic situation in Nigeria:
13th edition of Orange Social Venture Prize in Africa launched
The competition which is open to candidates from the 17 countries within the Orange footprint will see winning projects take home €25,000 in cash prizes.
Google opens applications for its 3rd cohort of Black Founders Fund 2023 for Africa
Startups from Africa applying for the fund must be headquartered in the continent or having a legal presence on the continent.
Kenyan wins the Aurora Tech Awards Announces 2023
Elizabeth Mwangi, the founder of Gwiji, the Kenyan startup that economically empowers women from the slums of Nairobi is the winner of this year’s Aurora Tech Award.
Villgro Africa invests over $2 million in African healthcare startups
Villgro Africa has invested over $1.36 million in 36 Kenyan healthcare startups over the last 7 years with plans to launch a Biotech Innovation Hub as part of its regional expansion.
Plesion Capital invests in Nigerian agritech startup Releaf
Plesion Capital, a social impact venture capital firm focused on partnering with mission-based entrepreneurs and companies to combat poverty around the world, today announced a $250,000 investment in Releaf, a Nigerian agritech company.
[South Africa] Car subscription startup Planet42 raises $100 million
South African Car Subscription Startup Planet42 has raised $100 million in combined equity and debt funding.
AfricaGoGreen Fund secures $47 million to support tech-focused green projects in Africa
The AGGF is the first structured debt fund in Africa focused on energy efficiency solutions. The fund targets reaching between $230 million and $250 million at the final close.
[Kenyan] Payroll startup WorkPay raises $2.7M funding to scale across Africa
WorkPay, a Kenyan HR management startup launched in 2019 has raised $2.7M to scale its operations across Africa.
CcHUB to launch $15 million accelerator for the ed-tech startups in Kenya and Nigeria
Co-Creation Hub (CcHUB), touted as Africa’s largest innovation and incubation hub, has announced it is launching a $15 million accelerator program for targeting ed-tech startups.
[Kenya] Digital bus ticketing firm BuuPass raises $1.3m for East African expansion
BuuPass, a digital bus ticketing company founded in 2016, has raised $1.3m in pre-seed round to expand its transport solutions across East Africa.
[Kenya] Fintech startup Power Financial raises $3 million in seed funding
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a $3 million seed funding.
[South Africa] IFC leads a $17m investement in insurtech startup Naked
Naked the South African artificial intelligence (AI)-driven insurtech company has raised $17 million (about R290 million) in Series B Funding.
SANCFIS FASO entre en bourse de BRVM
Pionnier des télécommunications et des solutions informatiques en Afrique, le Groupe Sancfis a annoncé l'admission de sa filiale burkinabé au troisième compartiment de la Bourse Régionale des Valeurs Mobilières de l'Afrique de l'Ouest (BRVM)
Axian expands its support for African businesses with new investment unit
Axian Group, a Pan-African conglomerate, is launching AXIAN Investment to oversee two new investment activities: its Private Equity and Venture Capital funds and its direct investments in fledgling technology startups across the continent.
Saudi Arabia-based HR tech platform, Palm.hr raises $5 million to expand across MENA
Palm.hr, a Saudi Arabian HR firm has secured $5 million in a pre-Series A round. The new funding will facilitate expansion into Egypt and other countries in the Middle East and North Africa(MENA) region.
Africa’s mobility startup eWaka has secured a $540k loan from SECO
Kenyan mobility solutions provider eWaka has secured a $540,000 loan from the State Secretariat for Economic Affairs (SECO) of the Swiss Confederation.
[Nigeria] Fintech startup Trade Lenda raises $520k in pre-seed round
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business needs, has raised $520,000 in pre-seed funding to speed its growth.
[South Africa] Grocery delivery startup Yebo Fresh raises 4.5 million in pre-Series A
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round. The pre-series A investment was led by Enza Capital.
[South Africa] Digital lender Lulalend raises $35M Series B funding
Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round was led by Lightrock,
Convergence Partners raises $296 million to drive digital inclusion across Africa
Private equity investor Convergence Partners, which is dedicated to the technology sector across sub-Saharan Africa has announced the successful closing of its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million.
12 African startups selected for the first ever Techstars Accelerator Program in Lagos
ARM Labs Lagos Techstars Accelerator, a Lagos-based program to build early-stage African fintech and proptech startups has announced its inaugural class made up of 10 Nigerian and 2 Kenyan startups, with 50% female CEOs.
[Kenya] Mawingu raises $9m to expand its rural internet services to more counties
Rural Internet Service Provider (ISP), Mawingu has raised $9 million in Series B funding to scale its operations across Kenya.
Egyptian fintech company MNT-Halan secures $400 million in new funding
Following the completion of these investments, MNT-Halan’s valuation will exceed $1 billion.
Adenia Partners announces $300 million first close for fund V
The Fund exceeded its first close minimum threshold, achieving 75% of its target size, and attracting institutional and commercial investors who have invested in previous Adenia funds, as well as new investors.
Dalia Hospitality, Nouvel investisseur pour l’hospitality en Afrique
Création en Côte d’Ivoire de Dalia Hospitality, premier fonds d’investissement dédié au secteur du tourisme en Afrique et en Europe.
AfricInvest Fund IV invests in Nigerian retail store Justrite to support footprint expansion
AfricInvest announced it has taken a minority stake in Justrite, a Nigerian familyowned retail department store. The company provides everyday essentials, such as groceries, confectionaries, and clothing to consumers in largely underserved neighborhoods.
[Kenya] Zuri Health raises an undisclosed amount of funding from Moroccan VC UM6P Ventures
Zuri Health has raised an undisclosed amount of funding from Moroccan VC UM6P Ventures. The funds will be used to support Zuri’s growth and expansion across Africa.
[Rapport Partech Africa 2022] : Ecosystème tech africain continue de se développer avec $6,5 milliards en 2022
Dans un contexte de recul drastique du financement par capital-risque à l’échelle mondiale, l’écosystème tech africain se distingue avec une croissance de + 8 % par rapport à 2021.
The forces driving growth of the African Tech ecosystem have prevailed against the headwinds-Partech Report
Funding for the African Tech ecosystem sector grew +8% to US$6.5B, through 764 rounds, with debt funding doubling in the year (+102% to US$1.5B in 71 rounds) to compensate for a slight decline in equity rounds (-6% to US$4.9B in 693 rounds).
Sanlam Private Equity to acquire SkipWaste
Sanlam Private Equity has announced the acquisition of controlling interest in integrated waste management company, SkipWaste.
11 startups selected for Cohort 3 of ASIP Accelerator Program
The selected startups will receive an intensive three-month coaching and support program to accelerate their growth and benefits worth $750,000 USD.
Norton Rose Fulbright to strengthen their presence in Africa
Global law firm Norton Rose Fulbright has announced a new Africa leadership group to help steer its acclaimed, Tier 1 Africa practice.
Anchorage Capital to acquire David Jones from Woolworths
Anchorage Capital Partners, a private equity firm based in Australia, has entered into a binding agreement to acquire the operating business of David Jones, an Australian omnichannel department store owner, from South African retailer Woolworths Holdings Limited.
African startups land deals at European tech events
Seven African tech companies wooed investors, networked and showcased their products at two of the world’s biggest tech gatherings in Europe.
[Kenya] Fintech startup Kwara Raises $3M Seed Extension
The startup which digitizes credit unions (SACCOS) has also acquired IRNET, a software company which is a subsidiary of the Kenya Union of Savings and Credit Cooperatives (KUSCCO LTD) for an undisclosed amount.
Access Bank Nigeria abandons plans to acquire Sidian Bank in Kenya
Access Holdings had earlier announced that its flagship subsidiary, Access Bank Nigeria, had entered into a binding agreement with Kenyan-based Centum Investment, for the acquisition of the entire 83.4% shareholding held by Centum in Sidian Bank.
10 African climate change startups receive $2m investment from Catalyst Fund
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a $2 million investment in 10 startups developing solutions to improve the resilience of communities most vulnerable to climate change in Africa.
Women-led startups in Africa raised $203.2M in 2022
A report released by The Big Deal, a research firm tracking startups across the continent has revealed that African startups active on the continent and led by women raised $203.2 million in 2022.
Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation to climate change
This is the inaugural cohort of the new $30M VC fund of Catalyst Fund, anchored by financial sector development agency FSD Africa, aimed at supporting early-stage founders to develop technology that will make Africa more resilient to the impacts of climate change.
Fintech most vibrant sector in the Kenyan startup landscape, report
The report dubbed The Kenyan Startup Ecosystem Report 2022, says that fintech is leading in terms of levels of activity in Kenya
[Kenya] CMA exits investment platform Vuka from the Regulatory Sandbox
The Capital Markets Authority (CMA), granted a ‘No Objection’ to Acorn Investment Management, to roll-out a retail investor aggregator platform ‘Vuka’ to the mass market upon the successful completion of the test in the CMA Regulatory Sandbox.
[Nigeria] Agri-tech startup Releaf secures $3.3 million Pre-Series A funding
Releaf, a Nigerian agri-tech startup that makes it easier for consumer goods manufacturers in Africa to access high-quality ingredients for their factories, has raised $3.3 million in an oversubscribed Pre-Series A funding round
Plesion Capital invests $500,000 funding in Ugandan fintech company Xeno
In line with this strategy, Plesion Capital has announced its inaugural investment of $500,000 in Uganda-based XENO Corporation’s, XENO, $2 million seed round, which was led by Beyond Capital Ventures.
CMA licenses five entities to facilitate investor protection in Kenya
The Capital Markets Authority (CMA), announced the issuance of licenses to four companies under the Capital Markets (Licensing Requirements) (General) Regulations 2002 and one under the Capital Markets Regulations, 2017.
Ventures Platform to invest in Chargel for digitising Africa’s Freight Network
Ventures Platform announced a partnership with Chargel on their mission to make freight more efficient and help businesses move goods around Africa more easily and affordably.
[South Africa] Zeda lists on the JSE post Barloworld unbundling
Integrated mobility solutions provider Zeda, listed its shares on the main board of the Johannesburg Stock Exchange (JSE), giving investors an opportunity to add to their portfolios a company at the forefront of mobility in Southern Africa.