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Africa
Al Ahly Capital is Leading the Expansion of an Egyptian Outpatient Clinic Network.
Dawi Clinics, Egypt's largest outpatient clinic network, has signed a funding agreement worth EGP 250 million with…
E3 Capital and Lion’s Head Climate Fund Raises $48 million in its First…
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund launched by early-stage venture capital firm E3 Capital…
Venture Fund-of-Funds for SA SME Holds First Close, Exceeding Target.
The R1 billion Venture Capital Fund of Funds (VC FoF), a partnership between government and business aimed at…
RMB Ventures purchases a sizeable minority share in a mining services provider.
RMB Ventures announces a strategic equity investment in Mafika Engineering, a major provider of mining services.…
IMF recommends the lowering of trade restrictions in Africa.
According to the International Monetary Fund, removing trade restrictions between African nations will assist 50…
Three African investment managers have been awarded a Visa and an AWIF grant for…
The African Women Impact Fund Initiative (AWIF), a collaboration between Standard Bank and the United Nations…
STOA Set to Buy a Minority Stake in Morocco’s Building Logistics.
STOA, a subsidiary of the French deposit and consignment fund CDC, announced a MAD330 million ($32.9 million)…
M-Kopa, an African digital credit startup, has raised $255 million in new capital.
M-Kopa, an African finance platform, announced that it had inked a total of $255 million in fresh debt and equity…
BPE Partners and TSFE support the creation of a pharmaceutical distribution…
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its…
KCB Group Modifies its Investment in NSSF.
The National Social Security Fund (NSSF) sold shares valued at Sh837.2 million in the three months prior to…
Vantage Capital Buys Promamec Stake in Secondary Deal
A significant minority stake in Promamec will be acquired by Vantage Capital, the largest mezzanine fund manager…
Nigeria, Others Need $7.5 billion to Deepen LPG Usage.
According to the African Refiners and Distributors Association, replacing charcoal with clean cooking gas, also…
Prosper Africa Supports Co-investments in Kenya’s Apparel Industry.
Leading companies and investors were gathered in New York City by the U.S. Government's Prosper Africa project and…
XRP and Bunratty Plan Roll Up Strategy for Africa’s Healthcare Market.
By pursuing mergers and acquisitions of small and medium-sized private healthcare enterprises that are in line…
TPG-backed Healthcare Group Secures Financing from IFC.
On April 25, 2023, in Nairobi, Kenya—IFC announced an investment in Kenyan healthcare provider Avenue Group…
40.87% of Uganda Government Debt is Held in Shillings.
The Ministry of Finance reported that the percentage of total debt held in shillings was 40.87 percent, followed…
The Purchase of EABL Shares by Diageo Offers Brokers a Boost.
UK multinational Diageo's recently completed additional purchase of 22.7 billion shillings of EABL shares helped…
Foreign Investors’ Percentage of NSE Trading Falls to 30%
The Nairobi Securities Exchange (NSE) saw a steady decline in foreign investor participation to a record low of…
Ghana Defaults on Payment of Domestic Debt.
International credit rating agency Fitch Ratings claims that although Ghana has fallen behind in servicing its…
Criterion Africa Partners Completes Investment in Merensky Timber.
Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by…
DPI Acquires ex-Louis Dreyfus Company Solevo.
Development Partners International ("DPI"), an investment business with a focus on Africa, has acquired Solevo…
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or…
Kenyan Economic Growth will Surpass Angola as Ethiopia’s Lead Grows.
The International Monetary Fund (IMF) forecasts that this year, despite Ethiopia extending its lead, Kenya's GDP…
IMF: Ghana will Shortly Receive a Bailout Package.
At the ongoing World Bank/IMF Spring Meetings in Washington, D.C., Ms. Georgieva expressed hope about the future…
Russia Increases Gasoline Exports in Q1 and Replaces European Consumers With…
Following the European Union's boycott on Russian goods on February 5, Russia increased exports of the motor fuel…
Tax Revenue in South Africa in 2022/23 is $94 billion.
Data from the revenue services revealed that South Africa's tax collection for the fiscal year that ended on March…
Gold4oil’s crucial role in lowering gasoline costs: BoG
Steven Opata, the central bank's head of financial markets, said that the government's approach had improved…
Equities Hit High Record of Sh32 billion on the EABL Acquisition.
The East African Breweries Ltd (EABL) extra share acquisition by British multinational Diageo, which was…
Stanchart Appoints Executive Director
The Standard Chartered Bank Ghana PLC now employs Mr. Asante as its chief financial officer. He started working at…