Browsing Category
Africa
EU Commits 150 Billion Euros to Infrastructure Projects in Nigeria
The European Union (EU) has unveiled its Global Gateway Initiative, pledging to disburse 150 billion Euros by 2027…
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)…
Africa50 Launches $500 Million Infrastructure Acceleration Fund (IAF)
Africa50, a pan-African infrastructure investment platform, has introduced the Africa50 Infrastructure…
African Financial Markets Show Resilience Amid Global Challenges
The Absa Africa Financial Markets Index 2023 reports continued progress in developing financial markets across…
Setbacks in African Tech Startups Impact Investor Confidence
The closure of several once-promising startups in the African tech ecosystem, including fintechs Payday and Dash,…
Manufacturing Sector in Kenya Faces Challenges with Over 30 Plant Shutdowns
More than 30 manufacturing companies in Kenya have shut down production plants within a decade, indicating the…
Gaia Impact Achieves First Closing of €40 Million for Gaia Energy Impact Fund II
Gaia Impact, in partnership with Capital Croissance, Schneider Electric, Capelan, and Investisseurs &…
Lillian Kidane Appointed as Regional Director for Africa at Dalberg Advisors
Global impact consultancy, Dalberg Advisors, has named Lillian Kidane as the new Regional Director for its Africa…
Sanari Capital Raises R1.25 Billion for Sanari 3S Growth Fund, Edging Closer to…
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has…
Top 10 African Countries with the Largest Gold Reserves in 2023
Africa boasts some of the world's largest gold reserves, presenting a substantial source of wealth and economic…
Africa’s MSMEs Must Embrace Digital Transformation for Sustainable Growth
Professor Olajumoke Familoni, an expert in management and entrepreneurship, emphasized the need for African…
Bank of Ghana Set to Conclude Interest Rate Hikes Amid Falling Inflation
The Bank of Ghana is expected to conclude its series of interest rate hikes as Ghana's headline inflation rate…
Mali’s Elections Postponed Due to Technical Challenges and Dispute with…
Mali's military junta has decided to postpone the scheduled February elections, citing technical difficulties and…
EBRD Commits Up to €30 Million in Mediterrania Capital Partners’ MC IV Fund…
The European Bank for Reconstruction and Development (EBRD) is set to invest up to €30 million in Mediterrania…
Valu Closes EGP 922.3 Million Securitized Bond Issuance in Partnership with EFG…
Valu, a prominent financial technology company in the MENA region, has successfully completed its sixth…
Kasada Strengthens South African Hospitality Portfolio with Acquisition of Former…
Kasada, a real estate private equity platform focused on Africa's hospitality sector, has purchased the former…
Vumela Enterprise Development Fund Invests R18 Million in South African…
Rentoza, South Africa's first pure-play subscription model for digital goods and appliances, has secured an…
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…
Equity Bank Partners with Mastercard for Cross-Border Payment Solutions
Equity Bank has entered into a Customer Business Agreement with Mastercard to offer a range of payment solutions,…
East African Breweries (EABL) Sees Employee Count Drop Below 1,500
East African Breweries Plc (EABL) has reported a reduction in its headcount by 168 in the fiscal year ending June,…
Rubis Energy Converts €30 Million in Pending Fuel Subsidy Dues into Government…
Rubis Energy Kenya, an oil marketer, converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into…
Return on Fixed Deposits Outpace Inflation in July for the First Time in 15 Months
In July, the return on fixed deposits in Kenya surpassed inflation rates for the first time in 15 months. Banks…
Kenyan Treasury Relies on Short-Term Bond Reopenings to Raise Ksh 222 Billion
The National Treasury in Kenya has utilized multiple reopenings of short-term bonds to secure Ksh 222 billion…
Gabon’s New Prime Minister Pledges Free Elections within Two Years
Raymond Ndong Sima, Gabon's recently appointed Prime Minister, has announced the military government's commitment…
Alex Okosi Appointed as Managing Director for Google in Africa
Google has named Alex Okosi as the Managing Director for its operations in Africa. Prior to this, Okosi held the…
Bank-Owned Brokers Outperform Standalone Counterparts in Profits
Bank-owned stockbrokers and investment banks, supported by alternative revenue streams, have outperformed…
KCB Group to Infuse $100 Million into KCB Bank Kenya for Recapitalization
KCB Group, a major financial institution, is planning to inject $100 million (approximately Sh14.5 billion) into…
G20 to Grant Permanent Membership to African Union
The G20, a grouping of major world economies, has reportedly agreed to grant permanent membership to the African…
African Development Bank Commits $25 Billion to Climate Finance by 2050
The President of the African Development Bank, Akinwunmi Adesina, has announced that the institution is committing…
UAE Announces $4.5 Billion Initiative to Boost Africa’s Clean Energy…
The COP28 President-Designate, Dr. Sultan Al Jaber, has unveiled a new initiative from the United Arab Emirates…