Adenia Partners Invests in South African Solar Financing Provider, Enfin, to Combat Energy Crisis
Private markets investment firm, Adenia Partners, has completed a majority investment in Enfin, a solar financing solutions provider in South…
Day: October 16, 2023
Sony Launches “Sony Innovation Fund: Africa” to Boost Entertainment Industry Growth
Sony Group Corporation has introduced the “Sony Innovation Fund: Africa” to support the growth of the entertainment sector in Africa.…
Mediterrania Capital Partners Invests €57 Million in Moroccan Financial Services Provider CASH PLUS
Mediterrania Capital Partners, in collaboration with FMO and IFC, has made a combined equity investment of €57 million in Moroccan…
Afreximbank and ECIC Launch $1 Billion Program to Boost South Africa-Africa Trade
The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC) have signed a memorandum of…
Africa50 Launches $500 Million Infrastructure Acceleration Fund (IAF)
Africa50, a pan-African infrastructure investment platform, has introduced the Africa50 Infrastructure Acceleration Fund (IAF), a 12-year closed-ended private equity fund…
Naira Stabilization: IMF Encourages Nigeria to Consider Loan Options
The International Monetary Fund (IMF) has addressed the pressure on the Nigerian naira and indicated that Nigeria has the option…
African Financial Markets Show Resilience Amid Global Challenges
The Absa Africa Financial Markets Index 2023 reports continued progress in developing financial markets across Africa, with a notable improvement…
Soaring Power Costs Hit Nigerian Businesses, Posing Threat to Productivity
Rising power costs are posing a significant challenge to businesses in Nigeria, impacting their operations and profitability. Small and large…
Persistent Power Outages Plague Nigeria Despite Billions in Investments
Despite significant investments in Nigeria’s power sector and its privatization in 2013, the country continues to grapple with frequent power…
Nigerian Banks Experience 50% Surge in Lending Despite Rising Interest Rates
Eleven banks in Nigeria collectively witnessed a 50% increase in lending during the first half of 2023, despite the backdrop…
Nigeria Sets Ambitious Goal of 2 Million Barrels per Day in Oil Production by End of 2023
The Nigerian government aims to achieve a daily oil production rate of 2 million barrels by December 2023. This target…