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Africa
Kenya Wapi Pay Secures $2.2m Pre-Seed Round To Ease Payments Between Africa And…
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings…
Naspers Foundry Makes Second Insuretech Deal In Two Weeks
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure…
Kuda Valued At $500 Million After Quick Series B
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar…
Huawei Cloud Ranked World’s 5th Largest LaaS Provider
Huawei Cloud IaaS revenue surged by 202.8 per cent, placing it in the top five list of cloud IaaS providers in the…
Africa’s Most Populous City Is Battling Floods And Rising Seas. It May Soon…
Lagos, Nigeria (CNN)Cars and houses submerged in water, commuters wading through buses knee-high in floods, and…
Transcorp Hotels Records 84% Revenue Growth
Transcorp Hotels Plc has announced its un-audited financial statements for the half-year ended June 30, 2021.…
United Kingdom Climate Investment and Foreign Secretary Dominic Africa Back Green…
Foreign Secretary Dominic Raab today welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to…
Kasada Leverages Hospitality Fund With Development Finance Institution Debt…
Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality…
Vuna Partners Lands Commitment From Fund-Of-Funds
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South…
Imperial Strikes Deal For J&J With Carlyle, Ethos, Ninety One, And Others
IMPERIAL Holdings has reached an agreement to buy 100 percent of the J&J Group for an enterprise value of $300…
South African Fintech Startup Yoco Reels In Large Series C From New And Existing…
Yoco, a South African based fintech that helps small businesses, has closed an $83 million Series C round taking…
AgDevCo Backs Banana Estate In Mozambique
AgDevCo, a specialist investor in African agriculture, has struck its second new deal this month by backing a…
Emerging Africa Infrastructure Fund (EAIF) Agrees Debt Investment In Ivorian Hydro…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) (www.PIDG.org) …
Former President Barack Obama is now a minority owner in National Basketball…
Former President Barack Obama has become a strategic partner and minority owner in the National Basketball…
Seven African Exchanges Inch Towards Shared Trading
Cross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has signed a contract…
What Would It Take For Nigeria, Others To Manufacture Vaccines?
The rising concerns about global vaccine inequality have raised a critical question about the ability of many…
Naira Now Exchange At 522/$1 As Central Bank Of Nigeria Discontinued The Sale Of…
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued…
AMCON Takes Over NICON
The Asset Management Company of Nigeria, AMCON, has effectively taken over National Insurance Corporation of…
Kenyan Entrepreneur Turns Water Hyacinth Weed Into Cooking Fuel
A project in Kenya is using biogas technology to tackle two major pollution problems with one device: a machine…
Huawei To Invest $150m In Africa’s Digital Talent Development
Huawei has said it plans to invest $150 million in digital talent development over the next five years, which will…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects…
Africa’s Single Currency Realisable, Says AfCFTA Scribe
The Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Mr. Wamkele Mene,…
African Currencies Week Ahead: Kenyan, Tanzania Units To Remain Steady,…
KENYA - The Kenyan shilling is expected to remain steady due to subdued demand for dollars amid a slow market,…
Charts Show Africa’s Set For Higher Interest Rates
Africa’s oldest central bank celebrates its centenary Wednesday just as it started -- steering South Africa through…
West African Regional Bloc Adopts New Plan To Launch Single Currency In 2027
A group of fifteen West African countries have adopted a new road map to launch a single currency in 2027 after its…
World’s No. 2 Cocoa Producer Set For Biggest Crop In A Decade
Ghana, the world’s no. 2 cocoa grower, is headed for its biggest harvest in at least a decade after good weather…
Trade Between Nigeria, South Africa Hits $2.9b In 2020
Nigeria’s mission in South Africa issues 10,341 passports in 15 months Despite concerns about xenophobia between…
Africa’s Oil-Producing Nations Rally Against Threat To Fossil Fuels
Some African oil-producing nations yesterday opposed what they described as the global conspiracy to shut down the…
Update 1-South Africa’s Rand Falls After Unemployment Data
The South African rand fell on Tuesday after data showed that the country’s unemployment rate hit a new record high…