Finnfund Invests €2 Million in Fibertime Group to Boost Township Fibre Internet Access
Finnish development financier Finnfund has invested €2 million (approximately R39.9 million) in the Fibertime Group, a South African company offering…
Category: Business
FrontEdge Raises $10 Million to Boost Cross-Border Trade Financing for African SMEs
FrontEdge, a Lagos-based fintech, has secured $10 million in a seed round comprising debt and equity to enhance cross-border trade…
MMG to Acquire Khoemacau Copper Mine in Botswana for US$1.875 Billion
MMG Limited has entered into a Share Purchase Agreement (SPA) to acquire the parent company of the Khoemacau Copper Mine…
RedCloud Technologies and Paystack Join Forces to Enhance B2B Digital Payments in Nigeria
RedCloud Technologies, a leading open commerce platform provider, has entered into a strategic partnership with Paystack, a prominent digital payment…
Namibia Infrastructure Development Fund Invests in Lightstruck Holdings to Expand Last-Mile Fibre Networks
The Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, has made a significant minority stake investment in…
Cipla Quality Chemicals Sees Investor Interest Amidst Takeover Approval
The recent approval of the takeover of Cipla Quality Chemicals Ltd by the Common Market for Eastern and Southern Africa…
Meta to Land Two Submarine Cables in Nigeria to Boost Digital Infrastructure
Summary:Meta is set to deploy two submarine cables in Nigeria, with one landing in Lagos and the other in Akwa…
Nigerian Firm X-agon Digital Launches AnyworkX, an E-Service Ordering App, Aiming for Pan-African Presence
X-agon Digital Solutions Limited, an indigenous Nigerian firm, has unveiled AnyworkX, an e-service ordering app designed to connect verified service…
London-based Fintech Due Network Expands to Nigeria, Targeting Cross-Border Payments
Due Network, a global fintech company based in London, has expanded its operations to Nigeria, aiming to tap into the…
New E-Dividend Portal in Nigeria to Be Operational by November 30, 2023, Says SEC
The Securities and Exchange Commission (SEC) in Nigeria has announced that the new e-dividend portal is expected to become operational…
Mini-Grid Leader Husk Power Systems Secures $43M in Equity Investment for Expansion in Nigeria and India
Husk Power Systems, a leader in mini-grid solutions, has secured a $43 million equity investment from STOA, DFC, Proparco, FMO,…
Green Climate Fund Approves $50M Equity Investment in REPP 2 to Boost Renewable Energy in Sub-Saharan Africa
The Green Climate Fund (GCF) has approved a $50 million equity investment in REPP 2, a new debt fund aimed…
CSquared Link Holdings Secures $25M Investment to Expand Broadband Infrastructure in Africa
CSquared Link Holdings, a pan-African technology company focused on digitally connecting Africa through telecommunications infrastructure, has received a $25 million…
Carbon Value Exchange (Cavex) Secures Seed Funding Led by E3 Capital to Scale its Digital Carbon Financing Platform
Carbon Value Exchange (Cavex) has successfully closed its seed funding round, led by E3 Capital and with participation from FSD…
Goodwell Investments Leads $8.5M Series B Round for Zambian Social Enterprise Good Nature Agro
Impact investor Goodwell Investments, in collaboration with Oikocredit and Global Partnerships/Eleos Social Venture Fund (GP SVF), has invested $8.5 million…
Emerging Africa Infrastructure Fund, PIDG, and Ninety One Commit $31 Million to Paratus Group for Fibre and Data Centre Expansion
The Emerging Africa Infrastructure Fund (EAIF), along with infrastructure development organization Private Infrastructure Development Group (PIDG) and fund manager Ninety…
China-Nigeria Bilateral Trade Volume Reaches $17.25 Billion in First Three Quarters of 2023
The Consul General of China in Lagos, Yan Yuging, has revealed that the bilateral trade volume between China and Nigeria…
British International Investment (BII) to Sell 10.13% Stake in I&M Group to East Africa Growth Holding
UK development finance institution British International Investment (BII) has entered into an agreement to sell its 10.13 percent stake in…
01 Advisors Raises $395M for Series B-Stage Startups: A Shift in Venture Focus
01 Advisors, founded by former Twitter CEO Dick Costolo and COO Adam Bain, along with Facebook veteran David Fischer, has…
Inspired Evolution Fund, FMO, and STOA Acquire 75% Stake in Red Rocket Group
Inspired Evolution’s Evolution III Fund, in collaboration with Dutch Development Bank FMO and STOA Infra and Energy, has successfully completed…
Rivian Shows Promising Q3 Results: Revenue Surges, Losses Narrow
Rivian, the electric vehicle (EV) manufacturer, has released its third-quarter results, showcasing significant progress in production and cost management. The…
Total Energies’ Dividends Surge as Earnings and Cash Flow Strengthen
Total Energies Plc, a downstream firm, has demonstrated a robust dividend payout trend since 2006, with a consistent increase in…
Dangote Cement Offers Series 10 and 11 of Commercial Papers in N300bn Issuance Programme
Dangote Cement, a prominent Sub-Saharan Africa cement producer, has launched series 10 and 11 of its Commercial Papers (CP) as…
Novatek Dismisses US Sanctions on Arctic LNG 2, Calls it a Bid to Inflate Gas Prices
Russian gas giant Novatek has brushed aside recent US sanctions against its Arctic LNG 2 project, characterizing them as a…
FTX Founder Sam Bankman-Fried Convicted: What Happens Next?
FTX founder Sam Bankman-Fried has been convicted of orchestrating a multibillion-dollar fraud on the cryptocurrency exchange’s customers. Here’s what to…
WeWork on the Brink of Chapter 11 Bankruptcy Filing
WeWork, the once high-flying flexible workspace provider, is reportedly on the verge of filing for Chapter 11 bankruptcy in New…
Raxio Data Centres Secures $46 Million in Equity Funding to Fuel Expansion in Africa
Raxio Data Centres, a leading provider of carrier-neutral data centres in Africa, has secured an additional $46 million in equity…
EBRD Considers Investment in SPE Capital’s New North Africa Fund
The European Bank for Reconstruction and Development (EBRD) is contemplating an equity investment of USD 40 million in a new…
Gulf Capital Successfully Exits iSON Xperiences, Marking a Milestone in Growth
Gulf Capital, a prominent private equity firm operating in Asia and the GCC, has announced its successful exit from iSON…
RMB Corvest and Shalamuka Capital Acquire Stake in VoIP Telecom Provider Switch Telecom
Private equity firm RMB Corvest, in collaboration with BEE investment vehicle Shalamuka Capital, has completed the acquisition of a minority…