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30-10-2014 23:52:00 | by: Administrator | hits: 6602350 | Tags:

Somali Accelerator graduates cohort of startups, gives $30,000 in investment at Demo Day
09-11-2017 | 09:09:00
Innovate Ventures, the Somali tech and business startup accelerator launched in partnership with VC4A, Telesom and the Work in Progress! Alliance, had their second cohort of 10 startups from Somaliland and Somalia graduate from their programme.
R4-million awarded to four South African BEE fintech startups
31-10-2017 | 15:45:00
Four black-owned South African financial services startups each won R1-million last night at a pitching event hosted by AlphaCode.
Africa Finance Corporation signs Zambia as a Member Country
26-10-2017 | 09:05:00
Zambia has become the first Southern African member country of Africa Finance Corporation (AFC), a leading development finance institution for infrastructure in Africa.
[Nigeria] Tony Elumelu Foundation and UNDP sign agreement to support African entrepreneurs
17-10-2017 | 12:00:00
“We have to give more attention and support to emerging African entrepreneurs, if the continent’s poverty, inequality and unemployment challenges are to be addressed.”
Afreximbank depositary receipts post gains on first day of trading on Stock Exchange of Mauritius
05-10-2017 | 15:36:00
Depositary Receipts of the African Export-Import Bank started trading on the Stock Exchange of Mauritius yesterday, with the Bank topping the list of issuers in terms of capital raised prior to a listing.
[Egypt] Rx Healthcare Fund announces GE Healthcare, AfDB as anchor investors
02-10-2017 | 11:15:00
Rx Healthcare Fund, an Africa-focused healthcare private equity fund currently under establishment, today announced that GE Healthcare is set to become an anchor limited partner in Rx.
The African Development Bank Group approves €15m equity investment in the Mediterrania Capital Fund III
25-09-2017 | 09:34:00
The AfDB has approved a EUR 15 million equity investment in the Mediterrania Capital Fund III under the management of an experienced team of Mediterrania Capital Partners with strong transactional and operational experience in private equity.
[Nigeria] FSDH Merchant Bank announces investment by AFIG Funds
25-09-2017 | 09:25:00
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.
Afreximbank provides $600m line of credit to Zimbabwe’s Reserve Bank
25-09-2017 | 09:02:00
TheAfrican Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MOU) to provide a $600-million line of credit to the Reserve Bank of Zimbabwe (RBZ).
[Column] Tony Elumelu: Why Africapitalists will build a continent’s future
19-09-2017 | 11:36:00
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.
[South Africa] Rand Merchant Investment’s AlphaCode makes fourth investment: Luno, international bitcoin platform
19-09-2017 | 11:07:00
Luno today announced its expansion into 35 new markets across Europe, and R120 million Series B funding round, led by London-based Balderton Capital, one of Europe’s leading venture capital firms.
Preparing for lift-off: Kenya’s largest debt and equity restructuring transaction yet
12-09-2017 | 09:56:00
Once the last loose ends have been tied up, Kenya will be celebrating its largest debt and equity restructuring transaction yet: USD 2.2 billion restructuring of Kenya Airways PLC.
[South Africa] Arise acquires 12% stake in Equity Group Holdings and becomes single largest shareholder
12-09-2017 | 09:25:00
Arise is pleased to announce the acquisition of a 12% stake in Equity Group Holdings Limited, the parent company of Equity Bank.
Improvon-Actis joint venture set to disrupt logistics and warehousing market in sub-Sahara Africa
05-09-2017 | 14:37:10
Improvon Group, one of South Africa’s most established logistics and warehouse property specialists, is poised to disrupt the sector in key sub-Saharan distribution markets, following a recent joint venture with Actis.
[South Africa] Kalon Venture Partners and Smollan Group invest R14m in tech startup SnapnSave
29-08-2017 | 09:00:00
Kalon Venture Partners, formerly Grotech, and Smollan Group SA both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave.
Afreximbank’s touts depositary receipts to Nigerian investors, targets $300m equity
24-08-2017 | 09:04:00
The African Export-Import Bank’s (Afreximbank) in today Lagos met with leading Nigerian investors to push for strong participation in the Bank’s $300 million equity offering, for which it is using depositary receipts backed by its Class “D” shares.
[Nigeria] 12 banks relieve 9Mobile of $1.2b debt
17-08-2017 | 10:45:00
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year.
[South Africa] WDB Investment Holdings increase equity stake in Seed Engine to 51%
14-08-2017 | 10:35:00
WDB Investment Holdings has increased its stake in Seed Engine (incorporating Seed Academy and the WDB Seed Fund) from 35% to 51%, officially confirming Seed Engine as a proudly 51% black women owned company.
Afreximbank opens Shareholding to Investors with launch of Depositary Receipts
10-08-2017 | 11:07:00
The African Export-Import Bank, an investment grade rated multilateral financial institution, is opening its shareholding to the investing public through the issuance of Depositary Receipts.
Nigerian startup Flutterwave gets over $10m boost from Greycroft Partners and Green Visor
07-08-2017 | 10:57:00
Nigerian owned and San Francisco based payment startup Flutterwave has announced it secured over USD10 million from Greycroft Partners and Green Visor.
Twiga Foods raises $10.3m in Series A investment round
01-08-2017 | 07:23:26
Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3m in equity and $4m in debt instruments.
Milost Global Inc announces formation of a banking subsidiary company in Africa
31-07-2017 | 10:00:03
Milost Global Inc, an American Private Equity firm headquartered in New York has announced that it is forming a subsidiary company in Africa, Milost Bank Africa Limited
Helios acquires African fertilizers and inputs operations from Louis Dreyfus
27-07-2017 | 13:39:55
Africa-focused private investment firm Helios Investment Partners, the leading, has acquired Fertilizers and Inputs Holding B.V. which holds Louis Dreyfus Company’s Africa-based fertilizers and inputs operations.
[South Africa] VC company Grotech rebrands as Kalon Venture Partners
24-07-2017 | 10:43:00
Section 12J Venture Capital company, Grotech has rebranded as Kalon Venture Partners. For the last 18 months, the business did extensive screening of hundreds of companies and three new deals are imminent
[South Africa] Siemens signs agreement to acquire Crabtree South Africa
17-07-2017 | 13:30:00
Siemens has announced the purchase of Crabtree Electrical Accessories in South Africa and its associated Lesotho business from Powertech Industries Limited.
VAIDS is a golden opportunity for Nigerian companies to regularise their tax affairs - Sage West Africa
17-07-2017 | 10:18:11
Nigerian companies and entrepreneurs that don’t have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS).
[Nigeria] Prudential PLC acquires Zenith Life, enters partnership with Zenith Bank
14-07-2017 | 14:06:00
Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, has acquired a majority stake in Zenith Life of Nigeria and formed exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
[Kenya] Fountain Technologies Ltd inks multi billion shillings business alliance with Ferri Group
04-07-2017 | 10:36:01
Fountain Technologies Ltd (FTL) has entered into a strategic business alliance with Ferri Group, a Luxembourg based company, which will see the two companies jointly bid and tender for industrial and electrical projects.
[Kenya] The Abraaj Group acquires Java House coffee chain from Emerging Capital Partners
04-07-2017 | 08:25:16
The Abraaj Group, a leading investor operating in growth markets, announced that it is set to acquire a 100 per cent stake in Java House Group East Africa’s leading coffee-led casual dining chain.
AfDB approves $15m equity investment in Shore Capital Fund to support inclusive growth in Africa
19-06-2017 | 09:04:00
The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15 million investment in Shore Capital Fund III, a multinational Private Equity Fund which promotes financial inclusion.
East Africa attracts Sh113.7b in private equity investments
15-06-2017 | 11:06:00
The East Africa region attracted more than Sh113.7 billion ($1.1 billion) funds from Private Equity (PE) between 2015 and 2016, a new study has revealed.
[South Africa] ACM Gold announces upgrade to MetaTrader5
14-06-2017 | 15:19:15
ACM Gold has announced the imminent upgrade to MetaTrader5 (MT5) in the company’s quest to deploy exceptional trading platforms in the ever changing forex trading world.
[South Africa] Hulisani appoints Marubini Raphul CEO
09-06-2017 | 10:17:28
JSE-listed Hulisani Limited, an investment holding company focused on energy opportunities has appointed Marubini Raphulu, Hulisani’s chief investment officer as CEO with effect from 1 July 2017.
[South Africa] Ascendis Health acquires Sunwave Pharma and NHP Pharma
05-06-2017 | 09:51:00
Ascendis Health recently declared the acquisitions of Sunwave Pharma SRL and NHP Natural Health Pharma unconditional, together with Cipla Agrimed Proprietary and Cipla Vet Proprietary.
Barclays PLC to sell 22 per cent shareholding in Barclays Africa
02-06-2017 | 06:38:00
Barclays PLC has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa’s issued share capital.
MédiS Group announces acquisition of Winthrop Pharma Senegal from Sanofi
03-05-2017 | 07:24:00
Actis, a leading growth markets investor, has announced that its portfolio company MédiS, a major pharmaceutical company based in Tunisia, has acquired Winthrop Pharma Senegal (WPS) from Sanofi.
Nordic Development Fund teams up with ECA and partners on unique climate resilience facility
02-05-2017 | 12:36:46
AFRI-RES, a unique facility to support climate proofing of Africa’s long-lived infrastructure investments, was given significant impetus with the formal approval of funding of 5 million Euros by the Nordic Development Fund (NDF) for its programme activities.
Discounts lure buyers to South African bank stocks amid political upheaval
18-04-2017 | 13:00:00
Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011, even as the country’s downgrade to junk deepened a broad equity selloff.
Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters
18-04-2017 | 11:44:00
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.
Enko Capital launches Africa focused debt fund as it forays into continent
12-04-2017 | 06:34:00
UK based asset management company Enko Capital has announced the launch of Enko Africa Debt Fund (EADF), with $200m assets under management (AUM).
UNIC Insurance relists as UNIC Diversified Holdings on Nigeria Stock Exchange
11-04-2017 | 12:36:46
UNIC Insurance Plc was yesterday delisted and replaced by UNIC Diversified Holdings (UDH) Plc at the Nigerian Stock Exchange as the insurance company completed its transformation into a financial services holding group.
[Nigeria] Africa Finance Corporation issues $500m 7 Year Eurobond
11-04-2017 | 09:55:00
Africa Finance Corporation, a pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond.
Private equity a bright light in Africa's economic future, research
11-04-2017 | 07:27:00
New research shows private equity activity in Africa will inject Billions of US dollars or sustainable investment over the next five years. Private equity deals in Africa are growing from a low base equivalent to 0.18% of Africa's GDP in 2016.
[Nigeria] Lidya raises funding to expand access to capital for underserved small businesses
05-04-2017 | 16:30:57
Lidya, a leading fintech platform based in Nigeria, has announced that it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa.
[Interview] Maria Auma, CEO, Blue Luxury Investments, Uganda
30-03-2017 | 09:45:00
Maria Auma is a Ugandan entrepreneur and investment specialist. Her company, Blue Luxury Investments, specializes in connecting investors with viable businesses.
Tony Elumelu Foundation 2017 Entrepreneurship Program announces selection
27-03-2017 | 10:37:33
The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year $100 million TEF Entrepreneurship Program.
Biogaran takes over Swipha’s activities in Nigeria with eye on generic medicines for local market
27-03-2017 | 09:18:00
Biogaran, a French pharmaceutical company specialized in generic and biosimilar medicines, and a subsidiary of Servier, have announced the takeover of all the activities of Swipha, a Nigerian company that manufactures and distributes pharmaceutical products known for their quality.
[Kenya] Britam to sell 10 per cent stake to International Finance Corporation
27-03-2017 | 09:10:22
Shareholders of Britam Holdings have approved the sale of 10.37 per cent stake to International Finance Corporation, the World Bank Group’s private investment and lending arm, for Sh3.55 billion.
[Kenya] Sanlam Group acquires majority stake in PineBridge Investments East Africa Limited
23-03-2017 | 05:45:48
Listed diversified Pan-African financial services group The Sanlam Group, through its subsidiary Sanlam Emerging Markets (SEM), has reached an agreement with PineBridge Investments (“PineBridge”), a global multi-asset class asset manager, to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited in Kenya (PIEAL).
Bowmans advises on one of the first significant financing by a private equity credit fund in sub Saharan Africa
17-03-2017 | 06:51:03
Pan-African law firm Bowmans recently advised Helios Credit Partners on a landmark transaction representing one of the first significant financing by a private credit fund in sub-Saharan Africa. The transaction was one of the largest debt financing secured by a Namibian company in the private sector.
Dele Babade retained as advisor to Carlyle’s Sub-Saharan African Fund Global alternative asset manager
15-03-2017 | 07:05:28
The Carlyle Group has announced that Dele Babade has been retained as an Advisor to Carlyle’s Sub-Saharan African Fund (CSSAF), effective immediately.
Zoona raises $1m from IFC and MasterCard Foundation to expand mobile banking in Zambia
09-03-2017 | 10:50:53
South African based payments service provider Zoona has raised US$1 million from the International Finance Corporation (IFC) and the MasterCard Foundation to strengthen the reach of its mobile banking services in Zambia.
[South Africa] Ascendis to acquire Cipla veterinary business for R375 million
07-03-2017 | 10:13:33
Ascendis Health, the high growth health and care brands group, is to purchase the southern African veterinary operations of Cipla India for R375 million.
[Egypt] Innoventures launches “Startup Reactor” Fourth Cycle in Partnership with VC4A and SRI
06-03-2017 | 09:52:00
Innoventures has just opened applications for the fourth cycle of its accelerator program ‘Startup Reactor’ in partnership with VC4A after a successful third cycle and its grand finale last December.
[Ghana] Dusk Capital inks deal with IIMG Africa allowing companies access to global mutual funds
28-02-2017 | 13:16:48
Indigenous investment banking firm, Dusk Capital, has entered into an agreement with the International Investment Management Group (IIMG Africa Ltd) that will give the Ghanaian company access to over 300 international mutual funds across the world.
[Kenya] Amethis Finance and Metier acquires minority stake in Kenafric
22-02-2017 | 06:50:13
Private equity firms Amethis Finance and Metier have partnered to acquire a minority stake in Kenafric food industry. The three companies – Kenafric, Amethis and Metier have been working together on a promising acquisition.
[Interview] Korede Ologun, Head, Research & Advisory, Helix Securities, Nigeria
16-02-2017 | 11:59:00
Korede Ologun of Helix Securities Limited interviews with Africa Business Communities on past and present economic situation in Nigeria:
Afreximbank pledges financial and advisory support for Sao Tomé’s blue economy
16-02-2017 | 09:41:09
The African Export-Import Bank (Afreximbank) is committed to providing financial and advisory support to assist Sao Tomé and Principe achieve its structural transformation which focuses on expanding and diversifying its blue economy.
Norfund, FMO and Rabobank acquire 27.7% stake in CAL Bank Ghana
14-02-2017 | 15:00:00
The recent acquisition of a 27.7 % stake in CAL Bank in Ghana by newly formed investment company, Arise, is set to boost the banking sector in the country.
Mastercard commits to financially including over 150,000 Kenyan merchants with Masterpass QR
14-02-2017 | 11:20:00
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR.
[Kenya] Boutique African Data Collection Agency, Bamba, raises $1.1m in First Seed Round
14-02-2017 | 09:52:00
African data collection startup Bamba has announced today that it has closed its first seed investment round after raising US$1.1 million (Kes. 110 million) in investment funds, making it one of the largest and most successful seed rounds completed by an East African startup.
[Kenya] Safaricom Spark Fund invests in FarmDrive startup
14-02-2017 | 05:38:39
Safaricom Spark Venture Fund has today announced its investment in FarmDrive, a data analytics startup that connects small-scale farmers to financial services.
[Kenya] East Africa Private Equity and Venture Capital Association announces new appointments
14-02-2017 | 05:28:14
East Africa Private Equity and Venture Capital Association has appointed Eva Warigia and Esther Ndeti the co-executive directors to run the lobby.
[South Africa] Baker McKenzie's cross-border mergers and acquisitions Index for fourth quarter 2016
07-02-2017 | 15:31:00
Global events remained turbulent and unpredictable throughout 2016 resulting in a downward effect on M&A activity, however the market remained resolute in Q4 2016, according to Baker McKenzie's Cross-Border M&A Index.
Quantum Global named Best Investment Company in Angola 2016
07-02-2017 | 10:11:00
African focused investment firm Quantum Global Group were announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016.
[Nigeria] Africa Finance Corporation makes maiden $205m mining investment in Guinea
06-02-2017 | 12:15:00
An international consortium including the Africa Finance Corporation (AFC) is set to invest in Alufer Mining Limited to fund the development of Guinea-Conakry’s high grade bauxite reserves.
South African Mergers and Acquisitions market predicted to grow by 66 per cent in next two years
03-02-2017 | 12:06:00
The Global Transactions Forecast issued by global law firm, Baker McKenzie in association with Oxford Economics has predicted that the South African M&A market will grow by 66 per cent in the next two years