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Africa
T-Bills Interest Rates Jump To Two-Year High
Interest rates on Treasury bills have climbed to a two-year high on the back of a higher bid acceptance rate by…
African fintech, The Green Exchange targets $5 billion green bond issuance in…
African fintech, The Green Exchange is targeting $5 billion in green bond sales within five years to fund green…
Cardano To Launch P2P Lending Network In Africa
Charles Hoskinson, the co-founder of Cardano, has disclosed that the Cardano blockchain plans to launch a…
Stakeholders to brainstorm on Africa’s competitive advantage
Regional Scrum Gathering Nigeria has said stakeholders in the financial sector will brainstorm on how to boost…
African Union to receive $11.48 million grant from the African Development Fund
The African Union Commission set to receive a grant to the tune of $11.48 million from the African Development…
DFI Signs Off On Investment In Knife Capital’s Latest Fund
Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise…
Novastar Ventures Leads Seed Round For Kenya-Based BasiGo
Kenyan-based electric vehicle technology and financing startup BasiGo has closed a $4.3 million seed funding round.…
General Atlantic Makes First African Technology Investment
The pandemic has accelerated the use of telemedicine, virtual care and drug delivery, thus fuelling investor…
Uganda To Pay $325 Million As Reparations To Congo
The International Court of Justice has ordered Uganda to pay $325 million in compensation to the Democratic…
Maxam Ghana Agrees To Pay $1Million Fine Imposed On The Company
Maxam Ghana Limited has agreed to pay the US$1 million fine imposed on the company, as well as comply with other…
Kenya Treasury Drops Plan To Inject Sh1 Billion Into Smes
The Treasury has dropped plans to inject Sh1 billion into President Uhuru Kenyatta’s plan to derisk access to…
WFP: 13 million face severe hunger amid worst drought in Ethiopia, Kenya
The United Nations World Food Programme says an estimated 13 million people in Kenya, Somalia, and Ethiopia face…
Big Banks Seen Swallowing Smaller Loss-Making Rivals
Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become…
World Bank, Kenya in talks for another $200 million loan
The World Bank will give Kenya $200 million to support various development projects to improve food security in…
Everstrong Capital acquires majority stake in Kenyan tower company
American private equity fund Everstrong Capital has bought a majority stake in SealTowers Limited.…
NBK Capital chooses Moove for fund manager’s first Africa investment
African mobility fintech and Uber’s vehicle supply partner, Moove has secured a $10 million financing facility with…
New Fintech Fund for Africa announced by KIFC
The Kigali International Financial Centre has launched a $50 million first and only Fintech-focused Africa Fund.…
Ethiopia Shields M-Pesa From Licence Freeze
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa…
Affirma And StonePine Back Egypt’s Nerhadou International
Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest $20 million for…
Brimore’s Series A Backed By New And Returning Investors
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can…
Ezdehar’s Second Fund Blasts Past Goals For First Close
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150…
Money Manager Takes Control Of Impact Investor ResponsAbility
M&G is acquiring a majority stake in impact investing firm responsAbility Investments, M&G said Thursday in…
Metier And Catalyst Combine To Boost Pan-African Reach
South Africa's Metier Private Equity plans to merge with Catalyst Principal Partners, a Kenya-based manager. Both…
Dangote Become The 91st Richest Man In The World
Aliko Dangote, Africa’s richest man in the last 8 hours has raked in N217.5 billion($523M) jumping to become the…
Mark Zuckerberg Lost $29 Billion After Facebook Users Reduce For The First Time
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day…
Meta Loses Over $200 Billion In Value
Facebook sees first-ever drop in daily active users as owner Meta takes $200bn share hit
Facebook’s parent firm…
Tony Elumelu- A Well-Regulated Capital Market’ll Generate Wealth For Africa
The Chairman of United Bank for Africa Plc, Mr Tony Elumelu, has said a well-regulated capital market will help to…
Nigerians Access To African Insurance Market Shrinks By Two Per Cent In 2020
There are indications in the African insurance market that the access rate has dropped from 2.78 per cent in 2019…
AFEX seeks to raise $175m to finance agro-processors in Africa
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million…