Category: Business

British International Investment (BII), the UK’s development finance institution and impact investor, has committed $15 million equivalent in Tanzanian Shilling…

African fashion and beauty e-commerce platform, Maka, has successfully raised $2.65 million in seed funding led by Pan-African venture capital…

OpenAI, a prominent AI development company, is taking significant steps to strengthen its internal safety processes against potential harmful AI…

Trevor Milton, the founder of Nikola Corporation, has been sentenced to prison after being convicted of fraud. The 41-year-old entrepreneur…

Standard Chartered has finalized an agreement with Coris Group for the sale of its consumer banking business in Côte d’Ivoire,…

African startups have increasingly turned to debt financing, raising over $1.1 billion as of November 2023, according to data from…

Flutterwave, a prominent payment-focused fintech in Africa, has acquired payment licences for 13 states in the US, marking a strategic…

Development Finance Institutions (DFIs) including British International Investment (BII), FMO, and Proparco, along with renewable fund manager Frontier Energy, have…

The U.S. International Development Finance Corporation (DFC) has pledged a $24 million equity investment in Miro Forestry Developments Limited (Miro),…

Mastercard’s Africa Growth Fund is set to invest in three African investment firms, namely Chui Ventures, VestedWorld, and SME Impact…

Selorm Adadevoh, the Chief Executive Officer (CEO) of MTN Ghana, has been appointed as the Chief Commercial Officer of MTN…

Sovereign wealth funds, controlling nearly $12 trillion in assets, encounter significant hurdles in rapidly increasing climate investments despite the pressing…

An extraordinary wealth transfer is on the horizon, as the UBS Billionaire 2023 report reveals that more than 1,000 billionaires…

The Mastercard Foundation Africa Growth Fund has achieved a significant milestone by making strategic investments in three Investment Vehicles (IVs):…

The United Kingdom has unveiled plans to significantly reduce the number of migrants arriving through legal routes by imposing stricter…

Oil markets experienced stability on Tuesday, marked by a delicate balance of factors such as uncertainties surrounding the OPEC+ group’s…

Overview: ARCH Cold Chain Solutions East Africa Fund is pioneering the development of a comprehensive Cold Chain network across East…

Overview: South African billionaire family, the Oppenheimers, particularly Jonathan Oppenheimer, has secured a controlling stake in GZ Industries Ltd., a…

Overview: United Gulf Financial Services North Africa (UGFS) has successfully completed the first closing of its fund, aiming for a…

BluePeak Private Capital, an alternative asset management firm, has announced its first ESG-linked investment – a USD 20 million hybrid…

Pan African Towers (PAT), a leading digital infrastructure company in Nigeria, has announced a strategic investment from Development Partners International…

South African asset manager STANLIB has launched the Khanyisa Energy Transition Fund, aiming to attract $1 billion by the end…

Robinhood, the stock-trading platform that gained popularity in the US, has officially launched in the UK, marking its first foray…

Lagos-based fintech B54 is addressing the funding challenges faced by startups in West Africa by providing an alternative to growth-stage…

A recent analysis by the ONE Campaign, a non-profit advocacy group, has unveiled significant discrepancies in the reporting and disbursement…

Bpifrance, the French public investment bank, is set to join the MC IV fund of Mediterrania Capital Partners (MCP), a…

The Africa Go Green Fund (AGG), initiated by KFW on behalf of the German government, focuses on promoting private investments…