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Business
BluePeak Private Capital Raises $156M for Inaugural Fund Supporting African SMEs
Alternative asset manager BluePeak Private Capital has successfully closed its first private capital fund, raising…
Tripplo Secures $1.8 Million Investment to Revolutionize Logistics
Tripplo, a Johannesburg-based logistics software platform, has successfully concluded its seed funding extension…
Norfund Invests $10 Million in South African Fruit Company for Climate Adaptation…
Norwegian Investment Fund for Developing Countries (Norfund) is committing $10 million USD to The ANB Group, a…
Outsized Successfully Completes Series A Funding, Poised to Transform Freelance…
Outsized, the premier platform for top-tier independent talent in Asia-Pacific, Africa, and the Middle East, is…
Verod Capital and AfricInvest Acquire Majority Stake in iSON Xperiences
Verod Capital and AfricInvest have joined forces to acquire a majority stake in iSON Xperiences, a prominent ICT…
Afreximbank and Export-Import Bank of China Sign $600 Million Loan Agreement for…
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have inked a $600 million…
British Prime Minister Rishi Sunak Advocates for Peace in Middle East Tour
British Prime Minister Rishi Sunak is embarking on a Middle East tour, with Egypt as his first stop, to advocate…
Nigeria and EU Ink €900 Million Deal for Development Projects
The Federal Government of Nigeria has entered into a substantial financial agreement with the European Union (EU)…
Navigating Ghana’s Eurobond Restructuring: Insights from AXA Mansard
In a recent report from AXA Mansard, Ghana's Finance Minister, Ken Ofori-Atta, unveiled the indicative terms for…
FEDA Invests in Cabinda Oil Refinery in Angola
The Fund for Export Development in Africa (FEDA), an impact investment subsidiary of Afreximbank, has invested in…
Oasis Capital Ghana Announces Successful Exit from Legacy Girls College
Oasis Capital Ghana, an SME growth equity investor in West Africa, has announced its successful exit from Legacy…
Alitheia IDF Invests $5 Million in South African Woman-Owned Textile Company,…
Alitheia IDF, Africa's first dedicated gender-focused investing Private Equity Fund, has invested $5 million in…
RevRoad Capital Raises $61 Million Debut Fund to Boost Early-Stage Startups in…
RevRoad Capital, an affiliate of venture services firm RevRoad, has successfully raised $61 million for its…
Adenia Partners Invests in South African Solar Financing Provider, Enfin, to…
Private markets investment firm, Adenia Partners, has completed a majority investment in Enfin, a solar financing…
Sony Launches “Sony Innovation Fund: Africa” to Boost Entertainment…
Sony Group Corporation has introduced the "Sony Innovation Fund: Africa" to support the growth of the…
Mediterrania Capital Partners Invests €57 Million in Moroccan Financial Services…
Mediterrania Capital Partners, in collaboration with FMO and IFC, has made a combined equity investment of €57…
Sony to Invest $10 Million in Early-Stage Entertainment Startups in Africa
Sony Group's entertainment division has announced plans to invest $10 million in early-stage entertainment…
Escalating Israel-Hamas Clashes Propel Oil Prices Upward
Oil prices surged by over $4 per barrel in early Asian trading due to escalating military clashes between Israeli…
Enza Capital Closes $58 Million Across Two Funds to Back African Startups
Nairobi-based venture capital firm Enza Capital has successfully raised $58 million across two funds dedicated to…
CrossBoundary Access and Mobile Power Partner to Bring Affordable Energy Access to…
CrossBoundary Access and Mobile Power have formed a $10 million partnership to deploy Mobile Power's MOPO Hubs in…
Peach Payments Secures €29M Funding for African Digital Payment Services
Baobab Payments GmbH, known as Peach Payments, has successfully concluded a €29 million funding round led by Apis…
Carlyle Co-Founders Back New Africa-Focused Fund with $140 Million
A team that spun out of Carlyle Group Inc., a global private equity firm, has received backing from Carlyle's…
Red Rocket Secures $160 Million Investment for Clean Energy Expansion in Africa
Cape Town-based Independent Power Producer (IPP), Red Rocket, has received a substantial capital injection of $160…
ARM-Harith Infrastructure Fund Invests $18.75 Million in Elektron Power Infracom…
ARM-Harith Infrastructure Fund ("ARMHIF") has made an investment of US$18.75 million into Elektron Power Infracom…
Amethis Invests in Moroccan Energy Transfo to Accelerate Growth in Energy Sector
Private equity firm Amethis has acquired a minority stake in Energy Transfo, a leading company in the design and…
P1 Ventures Completes $25 Million Close of Second Fund to Support African Tech…
P1 Ventures, a Pan-African Seed VC fund, has successfully closed the first round of its second fund, raising $25…
African Infrastructure Investment Managers (AIIM) Doubles Equity Commitment to NOA…
African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual Alternative Investments, is…
Secha Capital Secures R300 Million in First Close of Second Fund
Secha Capital, a black, female-founded fund manager, has achieved a first close of its second fund with R300…
JPMorgan Extends Lead in Investment Banking Fees Amid Deal-Making Drought
JPMorgan has strengthened its position at the forefront of the investment banking fee rankings, securing 8.6% of…
Equinor to Sell Stake in Nigerian Agbami Oil Field to Chappal Energy
Norway's Equinor ASA is in the process of selling its 20.2 percent stake in Nigeria's Agbami oil field to Chappal…