EBRD Commits Up to €30 Million in Mediterrania Capital Partners’ MC IV Fund to Support Mid-Cap Companies in Africa
The European Bank for Reconstruction and Development (EBRD) is set to invest up to €30 million in Mediterrania Capital Partners’…
Day: September 25, 2023
Valu Closes EGP 922.3 Million Securitized Bond Issuance in Partnership with EFG Hermes
Valu, a prominent financial technology company in the MENA region, has successfully completed its sixth securitized bond issuance in collaboration…
Kasada Strengthens South African Hospitality Portfolio with Acquisition of Former Radisson Blu Hotel & Residence
Kasada, a real estate private equity platform focused on Africa’s hospitality sector, has purchased the former Radisson Blu Hotel &…
Vumela Enterprise Development Fund Invests R18 Million in South African Subscription Model Startup Rentoza
Rentoza, South Africa’s first pure-play subscription model for digital goods and appliances, has secured an investment of R18 million from…
Metier Capital Growth Fund III Raises Over $182 Million in First Close
Metier has successfully completed the first close of its Metier Capital Growth Fund III, securing just over $182 million in…
Nigeria to Host International Financial Inclusion Conference (#IFIC2023) to Accelerate Global Financial Inclusion Efforts
The Central Bank of Nigeria, in partnership with agencies within the National Financial Inclusion Governance Committees, will host the second…
Nigeria Faces Risk of Debt Overhang as Public Debt Surges
Nigeria’s public debt has risen to N87.38 trillion in the second quarter of 2023, with additional debt from “Ways and…
Nigeria’s Oil Rig Count Rises as Gains from the Petroleum Industry Act Materialize
Nigeria has seen a notable increase in its oil rig count, rising from 17 in 2019 to 31 as of…
Key International Oil Companies Commit to Over $55 Billion Investments in Nigeria’s Energy Sector by 2030
Leading International Oil Companies (IOCs) are showing renewed interest in Nigeria’s energy sector, with commitments to invest over $55 billion…
Nigerian Government Aims to Boost Fintech Funding through Improved Regulatory Environment and Infrastructure
The Nigerian Ministry of Communications, Innovation, and Digital Economy plans to create a conducive regulatory environment and enhance digital infrastructure…