Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company, for an unknown sum.…
Category: Africa
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations software-as-a-service tools, funding, and insights, has secured…
Strategic Partnership between Bopa Moruo, RMB Ventures, and Aurex Constructors.
Aurex Constructors, RMB Ventures, and Bopa Moruo form a strategic alliance to build a stronger future. June 2023, Johannesburg, South…
Nigeria and Other Countries Reportedly Hinder Africa’s GDP Growth by 65%.
According to McKinsey, Nigeria, Egypt, and South Africa were to blame for 65% of the decline in Africa’s GDP. The…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic advisory for the African market.
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic advising company with an emphasis…
Accra Medical Center and IFC collaborate to increase access to affordable healthcare in Ghana
IFC announced a partnership with Accra Medical Centre Ltd. (AMC) to assist the health service provider expand its operations in…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND General Catalyst.
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice Group, Rapyd, and General…
Restructuring of Ghanas’ Debt: Lowers Bank Earning Due to Increase in Loans.
Although Ghana may now breathe a sigh of relief after the IMF approved its $3 billion loan request, some Nigerian…
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the globally-strong US dollar by joining…
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 Al Ahly Capital…
E3 Capital and Lion’s Head Climate Fund Raises $48 million in its First Close to Support African Companies.
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund launched by early-stage venture capital firm E3 Capital (previously…
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 fostering economic…
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. RMB Ventures has acquired…
IMF recommends the lowering of trade restrictions in Africa.
According to the International Monetary Fund, removing trade restrictions between African nations will assist 50 million people escape poverty. The…
Three African investment managers have been awarded a Visa and an AWIF grant for entrepreneurship.
The African Women Impact Fund Initiative (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa…
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) transaction on Tuesday…
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 platform.
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its healthcare and pharmaceutical…
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 December, according…
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 in Africa, through…
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 known as liquefied petroleum gas,…
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 Embassy in…
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 with its strategic vision…
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 Limited. The funding will…
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 by that…
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 generate millions of dollars in…
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 30.1 percent…
Ghana Defaults on Payment of Domestic Debt.
International credit rating agency Fitch Ratings claims that although Ghana has fallen behind in servicing its domestic debt. As the…
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 Merensky…
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…