tagresults
Kenyan VC, Enza Capital closes $58 millions Fund II
Pan-African venture capital firm Enza Capital has announced the close of its US$58 million Fund II, as well as the launch of its Founder Partner programme, where leadership teams of portfolio companies become co-owners and share in the broader success of the firm and fellow investees.
First Capital Bank Limited partners with the EIB to develop SMEs in the agriculture sector
First Capital Bank Limited partners with the EIB to develop SMEs in the agriculture sector through a $10Million developmental line of credit.
AXIAN nomme Erwan Gelebart en tant que CEO de son pôle Open Innovation & Fintech
Le groupe panafricain AXIAN annonce la nomination d’Erwan Gelebart en tant que CEO de son pôle Open Innovation & Fintech.
Smart Africa et l'ALU ont signé un protocole d’accord pour renforcer les capacités dans le secteur public
Smart Africa et l’African Leadership University (ALU) ont signé un protocole d’accord visant à renforcer les capacités des dirigeants du secteur public africain.
80% of SMEs in South Africa project similar or increased revenue in 2023, Mastercard report
From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in South Africa are projecting similar or increased revenues in 2023.
Incofin sells its equity stake at Unguka Bank in Rwanda
Incofin just sold its 28% equity stake that its Rural Impulse Fund (RIF II) had in Unguka Bank to LOC Holdings, one of the leading global financial platforms for micro, small and medium entrepreneurs (MSMEs).
Mediterrania Capital IV receives a €20 million commitment from CDP Group
Mediterrania Capital Partners to announce that Cassa Depositi e Prestiti S.p.A. (CDP Group) will be investing €20 million in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
Interswitch partners Central Bank of Nigeria (CBN) for financial inclusion
Interswitch's sponsorship of the conference reflects its unwavering commitment to promoting financial inclusion and sustainable economic development.
CFAO Technology & Energy devient CFAO Infrastructure
Le groupe CFAO, dans sa mission With Africa For Africa, poursuit son ambition de devenir un partenaire incontournable en Afrique pour des prestations d’énergies renouvelables.
[Interview] Kenneth Njeru, Director of Africa Afya Healthcare
I started my company in 2019 October at the age of 20. My first immediate costs were registering my company which cost about 80US Dollars and having the website done at about 400US Dollars.
EBID grants USD 15 million to KA Technologies Ghana Limited to drive ICT Education
The ECOWAS Bank for Investment and Development (EBID) has signed a loan agreement in the amount of USD 15 million to KA Technologies Ghana Limited.
Truist partners with Standard Chartered to strengthen trade finance capabilities in emerging markets
Standard Chartered Americas has announced that it has entered a trade finance partnership with Truist Bank that will enhance Truist clients’ ability to conduct global business.
[Kenya] Safaricom joins UN Global Compact’s Forward Faster Initiative
Safaricom has joined the UN Global Compact’s Forward Faster initiative that aims to accelerate private sector action to deliver on the 17 Sustainable Development Goals (SDGs) and meet the 2030 Agenda.
Verve & Moniepoint partner to launch debit card and expand access to financial services
Verve has joined forces with Moniepoint Microfinance Bank to increase access to financial services for Nigerians through the launch of the Moniepoint Verve Debit Card.
Lipa Later has secured $5 million in private debt issuance
Lipa Later successfully closes a KES 500 Million privately placed debt issue and sets sights on raising Kes. 2BN
Lupiya raises $8.25m Series A round to grow neobanking business in Africa
Zambian neobank Lupiya has successfully secured US$8.25 million in Series A funding to scale operations in its home market and in new ones.
Axian confirme ses engagements pour devenir le champion d’un ecosysteme plus inclusif et innovant en Afrique
Axian confirme ses engagements pour devenir le champion d’un ecosysteme plus inclusif et innovant en Afrique avec la publication de son troisieme rapport impact.
Académie de la BEI dédiée aux banques des PME et aux microfinances en Afrique de l’ouest et Afrique centrale
Dans le cadre du Programme d’Assistance Technique au Secteur Financier de la BEI pour l’Afrique de l’Ouest et du Centre, la BEI en partenariat avec MFW4A et IPC/HORUS, organise « l’Académie de la BEI ».
Salt Capital acquires a stake in African disruptive technology firm Response24
Salt Capital to announce the signing of Salt Equity I’s first investment into Response24, a B2B SaaS platform technology company specialising in monitoring and reducing response times for emergency, security, and service driven sectors across Africa.
La BEI lance un nouveau pôle régional à Abidjan pour renforcer son action en Afrique occidentale et centrale
Lors de sa visite officielle à Abidjan, le Vice-Président de la BEI, M. Ambroise Fayolle, a dévoilé la plaque inaugurale lançant ainsi officiellement le nouveau Pôle régional pour l’Afrique occidentale et centrale au bureau de la représentation de la BEI à Abidjan.
MTN launches Skills Academy in Uganda to empower youth
MTN Uganda’s corporate social responsibility arm, the MTN Foundation, has launched a skills development academy designed to empower youths in the country.
AfDB unveils new initiative to cushion farmers from climate change effects
The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop insurance to help African countries, specifically, their agriculture sectors, prepare for, adapt and build resilience against adverse effects of climate change such as flooding and drought.
BFA Global, FSD Africa And IUCN Launch a $1 million initiative powering ocean sustainability in Africa
Thiis initiative, made possible through funding from FSD Africa and the Canadian Government, builds on TECA’s (Triggering Exponential Climate Action) expertise in fostering blue innovation over the last year through a successful pilot wave supported by FSD Africa.
[South Africa] BT partners with SAP to standardise sustainability reporting
SAP SE and BT Group have today announced a visionary new partnership to show how carbon accounting could be standardised by piloting the recently launched SAP Sustainability Data Exchange (SDX).
[Column] Marlene Mutimawase: Promoting women's leadership for land restoration in Africa
African Union in partnership with the Government of Kenya and Africa Climate Summit brings together leaders from governments, businesses, international organizations, and civil society to showcase a diverse range of bold innovative climate actions taking place across Africa.
[Kenya] Safaricom inks deal with a consortium of Kenyan Banks to fund sustainability agenda
Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda.
MTN appoints Marina Madale as Group Executive: Sustainability and Shared Value
In her new role, she will be responsible for setting the strategic direction for the management of Sustainability and Shared Value and the work of our foundations across MTN Group markets.
11,5 milliards de dollars pour la transition verte et la création d’emplois en Afrique
IFC investit un montant record de 11,5 milliards de dollars pour la transition verte et la création d’emplois en Afrique.
British International Investment launches pioneering investment platform to boost funding for SMEs in Ghana
Growth Investment Partners (GIP) will help to address a critical gap in accessing finance for SMEs who are the lifeblood of the Ghanaian economy.
Bitcoin investor funds solar project in South Africa
Bitcoin investor to announce that a crypto investor has used bitcoin to buy 98% of all the solar cells in the Pretoria Boys High solar project.
IFC invests $11.5 billion for Africa’s green transition and job creation
IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent.
Afreximbank and China Development Bank sign US$400-million loan to support Africa SMEs
The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa.
Africa Digital Media Institute targets digital professionals with green skills
The initiative, aimed at supporting millions of African digital professionals and entrepreneurs, focuses on creating impactful content related to environmental concerns.
IHS Côte d'Ivoire joins UNICEF’s “Reimagining Côte d'Ivoire Without Violence Against Children” Campaign
IHS Côte d’Ivoire, part of the IHS Holding Limited group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has announced a new collaboration with UNICEF Côte d’Ivoire for child protection.
FMO Ventures expanded partnership to add more value to Africa's fast-growing tech ecosystem
AfricArena and FMO Ventures expanded partnership to bring more value to Africa's fast-growing tech ecosystem.
Bayer West-Central Africa inaugure son premier centre Better Life Farming au bénéfice des producteurs
Dans le cadre de la mise en œuvre de sa vision : « La Santé pour Tous, la Faim pour Personne », Bayer WCA a inauguré le centre Better Life Farming (BLF).
Founders Factory Africa élargit sa mission en aidant les fondateurs africains à se développer davantage
Founders Factory Africa a obtenu un financement supplémentaire de 114 millions de dollars pour développer son modèle afin de mieux servir les fondateurs dans l'écosystème technologique africain.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
[South Africa] Data centre firm Teraco releases second annual Sustainability Report
Africa's carrier-neutral colocation provider Teraco has announced the release of its second annual Sustainability Report. The 2023 report demonstrates notable progress towards the company’s Environmental, Social and Governance (ESG) goals.
The eco.business Fund and SANAD Fund join forces with Absa Bank Kenya to support women-led businesses
The eco.business Fund and SANAD Fund join forces with Absa Bank Kenya to support economic empowerment of women-led businesses.
Payoneer Singapore secures major payment license to help SMEs transact globally
Major Payment Institution license complements Payoneer’s suite of global licenses, enabling enhanced in-market product and service offerings.
eTranzact and LASPEMA partner to curb unregulated development
eTranzact and LASPEMA partner to curb unregulated development within incidental open spaces in Lagos State.
MTN and Mastercard to partner for the MTN fintech business in the new 2025 Strategy
In the first half of 2023, MTN Group delivered resilient results, advanced its strategy by partnering with Mastercard on the MTN fintech business, and progressed plans to exit Afghanistan.
Le Sénégal recevra 50 millions EUR d’Africa Finance Corporation pour stimuler le secteur pétrolier et gazier
L’investissement d’AFC dans le champ pétrolier Sangomar sera utilisé pour soutenir la première phase du lancement de la production de pétrole, un jalon clé dans la promotion du secteur des hydrocarbures du pays
Afrexim Bank to open CORICOM office in Barbados
Dickon Mitchell, Prime Minister of Grenada, H.E President Olusegun Obasanjo (GCFR), Chairman of the Intra-African Trade Advisory council and the Caribbean community region presided over the official opening of the CARICOM office of the Bank, while reaffirming the US$1.5 billion credit limit made available to support eligible CARICOM States.
[Column] Chika Idoko: Bridging the divide: Confronting Socioeconomic inequality In Sub-Saharan Africa
As leaders who support mainstreaming equality, diversity, and inclusion, we aim to ensure that every individual, regardless of their background, enjoys the same rights, opportunities, and dignity.
Oikocredit invests in Witti Finances to support financial inclusion in Côte d’Ivoire
Oikocredit’s € 3 million loan will enable the Ivorian microfinance institution to expand and enhance its financial services.
Light For the World and Mastercard Foundation partner to enable youth employment
Light For the World and Mastercard Foundation partner to enable youth employment for Young Africans with disabilities.
Jumia étend sa présence en Afrique du Nord
Jumia, le leader du commerce électronique en Algérie a annoncé dans un communiqué rendu public hier son nouveau plan d’expansion.
[South Africa] IBM launches Cloud Carbon Calculator to help enterprises track greenhouse gas
IBM has launched a new tool to help enterprises track greenhouse gas (GHG) emissions across cloud services and advance their sustainability performance throughout their hybrid, multicloud journey.
RENU partners with Mesh++ to manufacture solar-powered internet routers in Uganda
RENU, the Ugandan NREN, has partnered with Mesh ++, a connectivity solutions manufacturer based in Chicago, USA, to manufacture solar-powered Internet routers in Uganda.
Flutterwave expands the US, Canada, Egypt and rebrands Send to Send App by Flutterwave
Flutterwave expands remittance capabilities in the US, Canada, Egypt and rebrands send to send App by Flutterwave.
Visa et Orange Bank annoncent un partenariat pour stimuler la croissance économique en Côte d'Ivoire
Visa et Orange Bank Africa, une banque digitale du groupe Orange, l’un des principaux opérateurs de télécommunication et de services numériques dans le monde, ont annoncé la signature d’un partenariat stratégique visant à stimuler la croissance économique en Côte d’Ivoire.
Verdant Capital funds Patasente Uganda
Verdant Capital to announce a revolving credit facility for Patasente Uganda, a digital trade services platform for farmers, warehouses, and factories.
L’Inde, nouveau partenaire de la Facilité pour l’inclusion financière numérique en Afrique
L’Inde, nouveau partenaire de la Facilité pour l’inclusion financière numérique en Afrique, s’engage à verser 2 millions de dollars pour stimuler l’inclusion financière numérique en Afrique.
Josiane Kwenda au poste de représentante régionale pour Côte d’Ivoire, Bénin, Guinée et Togo au sen de l'IFC
Mme Kwenda dirigera à ce titre la stratégie et les opérations d'IFC visant à stimuler le développement du secteur privé et à favoriser une croissance économique durable et inclusive dans ces quatre pays.
50 deals since AfricaConnect Programme started, fuelling sustainable economic growth in Africa
DEG's AfricaConnect programme signed its 50th deal, marking a significant milestone in fostering sustainable economic growth in Africa.
Swedfund invests USD 5 million in African health fund
Swedfund invested USD 5 million into Transform Health Fund (THF) managed by AfricInvest. It is a blended-finance fund that will invest in African health care.
SFD funds a $20M project to deliver electricity in Rwanda
The Saudi Fund for Development (SFD) signed an agreement for a concessional development loan of $20 million to finance the electricity delivery project in the Kamonyi District.
Un appui sur l’accès au financement pour les petites entreprises et les femmes entrepreneures
IFC et le Groupe Baobab renforcent leur partenariat pour accroitre l’accès au financement pour les petites entreprises et les femmes entrepreneures au Burkina Faso, en Côte d’Ivoire, à Madagascar, au Mali,en RDC et au Sénégal
Kasha has raised $21M series B led by Knife Capital to expand in Africa
East Africa’s leading digital health access platform, Kasha, has announced a successful Series B fundraising round of $21 million, led by Knife Capital, a pan-African venture capital firm based out of South Africa.
Signature d’un accord-cadre de coopération entre la BOAD et Côte d’Ivoire Innovation 20
La Banque et l’association Ci20 s’engagent à coopérer dans le cadre de toutes actions ou projets dans le domaine de la transformation numérique dans les Etats, où l’une ou l’autre Partie interviennent.
Sonatel acquiert la première licence 5G pour 58,7 millions USD
Sonatel a commencé à se préparer pour la 5G dès 2020. En décembre 2021, la société a confirmé sa capacité à fournir l’ultra haut débit avec un second test réussi de la technologie. De plus, Orange, un des principaux actionnaires de Sonatel, a ouvert un laboratoire 5G au Sénégal en juillet 2022.
USTDA, Ilitha partner on WiFi connectivity in South Africa’s Townships
he U.S. Trade and Development Agency awarded a grant to Ilitha Telecommunications (Pty) Ltd for a feasibility study that will help provide reliable and affordable internet access to more than five million people living in South Africa’s townships.
Vodafone, Vodacom et Safaricom soutiennent la transformation numérique de l'Afrique
La connectivité panafricaine, les services numériques et les plateformes numériques de Vodafone, Vodacom et Safaricom soutiennent la transformation numérique de l'Afrique.
[RDC] PROPARCO et Equity BCDC renouvellent leur soutien aux PMEs
Equity BCDC et Proparco viennent de signer une garantie de portefeuille EURIZ pour un montant de 10 MEUR (libellée en USD) visant à soutenir les Petites et Moyennes Entreprises (PME) en République démocratique du Congo (RDC).
ZTE's green networking empowers sustainable development
Achieving a green and low-carbon society is a long-term goal that requires ongoing dedication.
[Kenya] Digital retail distributor Kyosk Digital acquires KwikBasket, expands into fresh produce market
Many farmers in Africa face numerous challenges due to fragmented and inefficient distribution chains for agricultural produce. Farmers often struggle to reach end-consumers, leading to significant production losses, low income, wastage, and high food prices.
Digital technology a game changer for education in sub-Saharan Africa, Vodacom research
By opening up new opportunities for African youth to learn and for teachers to connect with students in the most remote and rural communities, these resources play an integral role in improving African education systems.
IFC annonce de nouveaux projets pour soutenir les MPME
IFC a annoncé quatre nouveaux projets visant à accompagner les micro, petites et moyennes entreprises (MPME) en Afrique et dans le monde.
IFC et Eastcastle s’associent pour favoriser la connectivité et l’inclusion numériques en RDC
Afin d'accroître la connectivité numérique en République démocratique du Congo, l'un des pays les moins connectés d'Afrique subsaharienne, IFC a annoncé une financement en faveur de la société Eastcastle Infrastructure pour l'aider à déployer des tours de télécommunications dans le pays.
Vodacom launches eSIM support for smartphones to help reduce carbon emission
This means that users with selected eSIM-enabled smartphones will be able to connect to the Vodacom network and enjoy the benefits, capabilities, and flexibility that an eSIM provides.
TDB, consortium of lenders to broaden access to finance for off-grid solar in Kenya
The Eastern and Southern African Trade and Development Bank (TDB) is participating in a first-of-its-kind, bank-led and entirely Kenyan-Shilling-denominated $130 million sustainable securitisation transaction.
Kenyan startup grows to reach 150,000 young entrepreneurs
Kenyan startup MESH, the country’s first online community for young entrepreneurs in the informal economy has announced it has reached 150,000 members.
WeCashUp rejoint le programme Fintech Fast Track de Visa
WeCashUp s'associe à Visa pour innover dans le domaine des paiements en Afrique.
African Development Bank Group Board okays funds to support women and youth in agribusiness in Kenya
The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya.
Liquid Intelligent Technologies reaffirms its commitment to technological investment in the Eastern Cape
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group to announce the opening of its office in East London in the Eastern Cape (EC).
IFC supports SEACOM to boost digital connectivity for African Businesses in seven countries
To boost broadband access in Africa and increase the availability of IT services for SMEs, IFC has partnered with a digital infrastructure and IT services company, SEACOM, to grow its broadband cable network and cloud-based product offering in sub-Saharan Africa.
Seedstars and Fondation Botnar launch youth Wellbeing Ventures with $20M Investment in Africa
Seedstars Capital and Fondation Botnar have announced the launch of the Seedstars Youth Wellbeing Ventures mandate.
Avec MAAD, PROPARCO soutient l’innovation au service des petits commerçants au Sénégal
A l’occasion du salon Viva Technology, Proparco et Digital Africa réaffirment leur soutien aux entreprises « Made in Africa » , en octroyant un financement, à travers le Bridge Fund by Digital Africa, à la start-up sénégalaise Maad.
UMUNTHU II has announced the first close with EUR 57 million for inclusive businesses in Africa
Goodwell Investments and its long-standing partner Alitheia Capital are proud to announce that a mixed group of investors are joining the journey to finance inclusive growth in Africa.
TradeMark Africa announces plan to advance greener and digital trade in Africa
TMA has stated that it aims to contribute to a further reduction of trade costs and increase efficiency in an expanded Pan-African posture.
Signature d’un accord-cadre de coopération entre la BOAD et Côte d’Ivoire Innovation 20
Côte d’Ivoire Innovation 20 et la BOAD, ont procédé à la signature d’un accord-cadre de coopération.
Safaricom Ethiopia's to get more funds for reliable and affordable telecommunication
Flagship telecommunications project to bring affordable, reliable internet and mobile services to millions more in Ethiopia
Africa Smart et la BOAD s’unissent pour stimuler la transformation numérique en Afrique de l’Ouest
Africa Smart et la Banque Ouest Africaine de Développement (BOAD) ont établi un partenariat visant à coopérer dans le cadre de projets de transformation numérique en Afrique.
[Kenya] Huawei releases Smart Solar top trends report
Huawei Digital Power Kenya has released its latest report on the top ten trends that the firm considers through research will drive the growth of the solar energy industry in the near future.
Zone formerly Appzone selected as Nigerian Entrepreneurs to join Endeavor’s Global Network.
Endeavor concluded the 37th Virtual International Selection Panel (ISP) with the selection of 11 new high-impact entrepreneurs representing six companies from five markets, including Nigeria’s Zone founders, Obi Emetarom, Emeka Emetarom and Wale Onawunmi.
[Senegal] Government shuts down the Internet amid massive rioting
Senegal Government has shut down the internet in some parts of the country following massive riots as a result of the sentencing of opposition leader Ousmane Sonko.
[Column] Nixon Gecheo: Agtech, a pivotal force driving climate change action in agriculture
Agtech offers numerous tools and techniques for sustainable crop and livestock management, including the use of climate-resilient seeds, and improved breeding techniques that result in higher yields with reduced land, water, and chemical inputs
Award scheme recognizes Kenyan entrepreneurs fighting marine plastics problems
The awards, which showcased the most effective solutions to tackle Mombasa’s marine plastics problem, were the culmination of a six-month initiative funded by USAID and Global Affairs Canada.
Letshego Kenya to launch Letsgo Cash for easy access to funds for emergency purposes
Letshego Kenya launches “Letsgo Cash” in partnership with Creditinfo Kenya to take financial inclusion to a higher level.
Ciwara Capital, une société d’investissement portée par la diaspora Africaine
Ciwara Capital est une société d’investissement tournée vers l’Afrique, portée par des membres de la diaspora africaine.
Green technology fund raises Sh171 million from FSD Africa
Venture fund startup Africa Climate Ventures (ACV) has raised £1 million (Sh171.1 million) for investing in companies focused on environment-friendly projects in the continent.
[Ethiopia] Azentio Software’s iMAL is now live at Rammis Bank
Azentio Software announced that the latest version of its Islamic banking solution - iMAL, has gone live at Rammis Bank, a newly launched financial institution in Ethiopia specializing in Sharia-compliant products and services.
2CAfrica campaign was launched to increase SME financing and build local financing ecosystems
Inaugural West Africa Deal Summit generates commitments to deploy Catalytic Capital to close Small and Medium Enterprise (SME) financing gap.
Azercosmos and Intelsat’s collaboration opens the way to unreachable places in the African region
Azercosmos and the global satellite operator Intelsat have signed a commercial agreement on the joint implementation of long-term projects in the West African region.
IFC envisage d’accorder un prêt global de 47,5 millions $ à 6 filiales africaines du groupe financier Baobab
Le groupe financier français, présent en Afrique, négocie un prêt en monnaie locale avec la Société financière internationale pour 6 de ses filiales en Afrique subsaharienne.
[Column]Chinelo Anohu: Change Africa’s narrative through partnerships and investment
Change Africa’s narrative through partnerships and investment, says Africa Investment Forum’s Senior Director.
[Interview]: Ady Namaran Coulibaly, Operations Manager at Bolingo Consult
Ady Namaran Coulibaly is Operations Manager at Bolingo Consult, she is dedicated to providing localization and multicultural insights for Africa and its languages to Language Services Buyers and LSPs.