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30-10-2014 22:52:00 | by: Administrator | hits: 11079348 | Tags:

 [Africa Tech Week] African Startups shortlisted for major awards
09-08-2018 | 10:09:00
This has been perhaps one of the busiest weeks for African startups seeking funding to improve the operations or products.
Are you an agribusiness seeking funding and/or investment?
02-08-2018 | 07:24:12
Africa Green Revolution Forum pulling together stakeholders in the agricultural landscape, will host a Dealroom connecting investors with business owners
[Kenya] SunCulture closes investment with EDF Group
23-07-2018 | 12:26:00
SunCulture, a Kenyan-based technology company and a leader in solar water pumps and irrigation solutions for small holder farmers, has closed an investment round with the EDF Group.
[Interview] Mansur M. Nuruddin, Partner, MNCapital Africa Advisors
23-07-2018 | 12:14:00
Mansur M. Nuruddin is a founding Partner of MNCapital Africa Advisors, a financial advisory firm focused on the African market.
Africa50 gets equity investment from Kenya, Rwanda becomes shareholder
23-07-2018 | 10:22:00
President Uhuru Kenyatta of Kenya announced in Nairobi that his country would double its shareholding in pan-African infrastructure investment platform Africa50, increasing its current investment to US$100 million.
[South Africa] Growthpoint becomes first property listing on A2X
11-07-2018 | 07:56:13
Growthpoint will retain its primary listing on the JSE and will not issue any new shares in connection with its secondary listing on A2X. There is no cost, risk, or additional regulatory compliance for Growthpoint as a result of its secondary listing on the A2X.
[South Africa] Anchor Capital lists on A2X
10-07-2018 | 12:00:00
The Anchor Group, a South African financial services holding company, today became the ninth firm to have a secondary listing on A2X.
[Mauritius] Vantage Capital provides $10m property development funding
09-07-2018 | 09:08:00
Vantage Capital announces today that it has provided $10 million of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused village located on the sought-after west coast of Mauritius in a seaside village called Tamarin.
Best years ahead for capital raising in Africa - Baker McKenzie
18-06-2018 | 08:01:00
Domestic and cross-border Initial Public Offering capital raising by African issuers in the first half of 2018 increased by 33% year-on-year to USD 396 million, while volume grew by 25% to 5 IPOs.
Orange partners with Google in startup financing for EMEA
04-06-2018 | 08:27:00
Orange has partnered with Google through Orange Digital Ventures (ODV), the Group's corporate venture fund, to join forces in financing the best startups.
[Nigeria] Mobile savings app, Piggybank.ng, secures £1.1M seed funding
31-05-2018 | 08:15:00
Nigeria’s Piggybank.ng, an online and mobile app savings platform targeted at African Millennials, today announces that it has closed on Seed Funding of $1.1M.
[South Africa] Cell C secures funding from ZTE and Huawei
28-05-2018 | 08:25:00
Cell C has largely secured its capital expenditure funding for at least the next seven months, according to chief strategy officer Robert Pasley.
[Nigeria] Turner Wright Limited receives $150 million financing from Milost Global to grow African market
25-05-2018 | 07:57:18
Turner Wright Limited a Nigerian company providing solutions in animal health, animal nutrition and hygiene has executed a Milost Equity Subscription Agreement financing facility with Milost Global Inc for $150 million financing.
[South Africa] Old Mutual Private Equity acquires 50% interest in Medhold Group
24-05-2018 | 07:34:00
Old Mutual Private Equity, one of the largest and most established private equity players in South Africa, has announced the acquisition of a 50% interest in Medhold Group, a prominent end-to-end supplier of world-class medical devices.
[Kenya] AfricInvest acquires 14.3 per cent stake in Britam
23-05-2018 | 13:22:00
Private equity fund AfricInvest has officially become a shareholder in diversified financial services company Britam after acquiring a 14.3 per cent stake.
TPG Growth acquires stake at Cellulant for $47.5 million
15-05-2018 | 07:08:23
The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, has signed an agreement to acquire a stake in Cellulant, a digital payments provider that reaches 40 million people across 11 African countries.
Orange Digital Ventures invests in Africa’s Talking, leading distributor of mobile communication and payment APIs to developers
01-05-2018 | 06:54:00
Upon completion, Africa’s Talking plans to accelerate its internationalisation to support its clients’ expansion strategies
MFS Africa gets funded by China-based VC in $4.5m Series B round led by LUN Partners Group
23-04-2018 | 09:13:15
MFS Africa, a leading Pan-African FinTech company, today announced a $4.5m Series B funding round led by LUN Partners Group, a China-based global investment management group.
Kenya's mSurvey Secures $3.5m Series A Investment
19-04-2018 | 08:20:35
mSurvey, the mobile-first consumer feedback platform for businesses and consumers in Africa, today announces a Series A round of USD$3.5m.
Africa Trade and Investment Global Summit 2018
05-04-2018 | 12:32:00
Driving Trade, Unleashing Investment and Enhancing Economic Development
[South Africa] Former DiData CEO invests R10m into emerging social networking platform, Gather Online
05-04-2018 | 09:11:00
Gather Online has today announced former Dimension Data chief executive, Brett Dawson, will be joining its board of Directors as Chairman, accompanying his investment of R10 million to support the company’s planned international expansion.
[South Africa] Westbrooke raises R565m as investors take advantage of S12J tax incentive
03-04-2018 | 06:57:00
Westbrooke Alternative Asset Management, South Africa’s largest Section 12J manager, has confirmed that it has recently successfully closed its 2018 fiscal year fundraise, with over R565 million raised across four S12J investment strategies.
Republic of Malawi becomes Africa Finance Corporation's 18th Member State
26-03-2018 | 06:15:00
The Republic of Malawi has become the second Southern African member country of Africa Finance Corporation, Africa's leading infrastructure development finance institution.
[Cape Verde] Tecnicil Indústria announces investment by AFIG Funds
26-03-2018 | 06:03:00
Tecnicil Indústria, a beverage company in Cape Verde has announced that AFIG Funds, a leading African private equity fund manager, through AFIG Fund II, completed an investment in the Company in April 2017.
[Nigeria] Resort Savings & Loans secures $250m investment from Milost Global
19-03-2018 | 13:14:00
US-based private equity investor Milost Global has signed a deal to invest $250 million in Resort Savings & Loans, a financial services company.
Challenges and opportunities abound in Africa’s energy sector, with increase in mergers and acquisitions, Baker McKenzie forecast
28-02-2018 | 06:32:00
Baker McKenzie’s Global Transaction Forecast for the Energy Sector shows that total M&A value in the energy sector in Africa and the Middle East was US$ 4.4 billion in 2017.
[Kenya] Sendy set for East Africa expansion
06-02-2018 | 09:00:29
Sendy, an on-demand delivery services platform operating across Kenya, has completed a Series A investment round, led by DOB Equity. DOB Equity will invest alongside CFAO, member of the Toyota Group, and other private investors.
African Development Bank approves ZAR 140-million loan to support African Local Currency Bond Fund
05-02-2018 | 12:02:00
The Board of the African Development Bank has approved a loan ZAR 140 million to the African Local Currency Bond Fund to further enhance the Fund’s portfolio and promote the development of domestic capital markets across the continent.
African Reinsurance Corporation becomes member of Africa Finance Corporation
01-02-2018 | 11:26:00
African Reinsurance Corporation announces its membership of Africa Finance Corporation (AFC), and becomes the first multi-lateral financial institution to invest in AFC.
[Startup Interview] Heaven Bereket, Co-Founder, BaobabFund, Ghana
31-01-2018 | 10:05:00
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.
[South Africa] Centbee, bitcoin wallet and merchant payment ecosystem, attracts funding from nChain
30-01-2018 | 06:32:00
nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for global consumers to acquire, hold and spend Bitcoin with retailers and other merchants.
Africa Business Communities is launching African Startup Platform - looking for partners
26-01-2018 | 15:07:00
African startups have been on a meteoric rise, positioning themselves as key players in the African economies, boosting innovation, and businesses while creating employment
International Finance Corporation becomes anchor investor in Partech Africa, largest venture capital fund focused on Africa
23-01-2018 | 06:11:00
IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa.
Partech Ventures launches fund targeting African tech startups
19-01-2018 | 08:59:00
Partech Ventures has launched Partech Africa fund, which has secured above $70 million commitments toward its target size of $120 million, making it the first technology fund of such size from a top tier international venture capitalist.
TPG Growth set to acquire TRACE, Africa’s music and entertainment company
19-01-2018 | 08:55:00
TPG Growth, the middle market and growth equity investment platform of global alternative asset firm TPG, has signed a definitive agreement to acquire a majority stake in TRACE, the afro-urban music and entertainment media.
Milost Global acquires Primewaterview Holdings Nigeria
11-01-2018 | 12:01:00
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria Limited.
Private equity-backed Viathan issues Nigeria's debut 10-year guaranteed naira bond
08-01-2018 | 10:55:39
Private equity-backed Viathan Group has issued Nigeria’s debut 10-year corporate infrastructure bond in local currency to raise 10 billion naira ($32 million) at a yield of 16 percent to fund power assets.
AfDB, Nordic Development Fund, Global Environment Facility and Calvert Impact Capital partner in $55m investment into Off-Grid Energy Access Fund
05-01-2018 | 08:27:00
On December 15, the African Development Bank’s Board approved a US $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund.
[South Africa] MTN assigns $231m shareholder loan to IHS Holding
04-01-2018 | 10:02:00
MTN Group, Africa's biggest mobile phone operator, has said that it assigned a $231 million shareholder loan to phone tower group, IHS Holding Ltd, impacting its 2017 profits.
[Interview] Peter Tole, Co-Founder and Director, Land LayBy Real Estate, Kenya
03-01-2018 | 08:49:00
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.
Domestic IPOs by African issuers increases for second year running - Baker McKenzie research
19-12-2017 | 12:29:00
Capital raised in domestic listings by African issuers increased for the second year in a row, according to research in the latest Global Cross-Border Index from Baker McKenzie.
[Nigeria] Farmcrowdy closes on seed funding of $1m
19-12-2017 | 08:29:00
Farmcrowdy, a Nigerian digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, has announced that it had closed on seed funding of $1 million from international and local investors.
[Nigeria] NNPC assures local investors of support as multi-million naira tank farm opens in Ogun State
14-12-2017 | 10:13:01
The Nigerian National Petroleum Corporation (NNPC) will continue to offer unflinching support to indigenous private investors in the nation’s Oil & Gas Industry.
Africa Finance Corporation & Harith launch new operating company, Anergi Holdings Limited
14-12-2017 | 10:04:00
Africa Finance Corporation (AFC) and Harith General Partners, acting on behalf of its portfolio company Aldwych Holdings Limited, are pleased to announce final close of the merger of their respective electricity generation assets into a new operating company, Anergi Holdings Limited.
Westbrooke now South Africa’s largest Section 12J manager
06-12-2017 | 09:56:00
Westbrooke Alternative Asset Management is now South Africa's largest Section 12J manager, looking after almost half of the capital invested in S12J funds in the country.
Tullow Oil secures $2.5b debt refinancing
29-11-2017 | 11:00:00
Tullow Oil is pleased to announce that it has completed the refinancing of US$2.5 billion of Reserves Based Lending credit facilities.
Africa Capital Works Fund wins $15m AfDB equity investment
27-11-2017 | 14:30:00
The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15m equity participation in Africa Capital Works Fund.
[Nigeria] NNPC secures $3.7bn alternative financing
23-11-2017 | 10:28:00
The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years.
[Nigeria] Vantage Capital provides $12.5m of funding to Purple Capital
21-11-2017 | 11:23:00
Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided $12.5 million of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.
Somali Accelerator graduates cohort of startups, gives $30,000 in investment at Demo Day
09-11-2017 | 08:09:00
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 | 14:45:00
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 | 07:05:00
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 | 10:00:00
“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 | 13:36:00
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 | 09:15:00
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 | 07:34:00
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 | 07:25:00
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 | 07:02:00
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 | 09:36:00
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 | 09:07:00
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 | 07:56:00
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 | 07:25:00
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 | 12:37:10
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 | 07:00:00
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 | 07:04:00
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 | 08:45:00
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 | 08:35:00
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 | 09:07:00
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 | 08:57:00
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 | 05:23:26
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 | 08:00:03
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 | 11:39:55
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.
Political uncertainty leads to drop in M&A deals in Africa in Q2 2017 - Baker McKenzie index
25-07-2017 | 09:01:00
Baker McKenzie’s latest quarterly Cross-border M&A Index shows that there were 17 inbound M&A deals in Africa in the second quarter of 2017.
[South Africa] VC company Grotech rebrands as Kalon Venture Partners
24-07-2017 | 08:43:00
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 | 11:30:00
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 | 08:18:11
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 | 12:06:00
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 | 08:36:01
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 | 06:25:16
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 $15m equity investment in Shore Capital Fund to support inclusive growth in Africa
19-06-2017 | 07:04:00
The Board of Directors of the African Development Bank (AfDB) has approved a US$ 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 | 09:06:00
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 | 13:19:15
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 | 08:17:28
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 | 07:51:00
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 | 04:38:00
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 | 05:24:00
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 | 10:36:46
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 | 11:00:00
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 | 09:44:00
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 | 04:34:00
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 | 10:36:46
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 | 07:55:00
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 | 05:27:00
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 | 14:30:57
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 | 07:45:00
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 | 08:37:33
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 | 07:18:00
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 | 07:10:22
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 | 04:45:48
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 | 05:51:03
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.