Surge in LNG Imports Expected for Northwest Europe in November
As the heating season commences, northwest Europe anticipates a substantial increase in LNG (Liquefied Natural Gas) imports, projected to rise…
Category: Business
Apex Group Expands African Footprint with Acquisition of BCI and BIP in South Africa
Global financial services provider, Apex Group, has successfully acquired Boutique Collective Investments (BCI) and Boutique Investment Partners (BIP) in South…
Verod Capital and AfricInvest Acquire Majority Stake in iSON Xperiences
Private equity firms Verod Capital and AfricInvest have jointly acquired a majority stake in iSON Xperiences, a prominent ICT solutions…
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 $156 million. The fund focuses…
Tripplo Secures $1.8 Million Investment to Revolutionize Logistics
Tripplo, a Johannesburg-based logistics software platform, has successfully concluded its seed funding extension round, securing a substantial equity investment of…
Norfund Invests $10 Million in South African Fruit Company for Climate Adaptation and Job Creation
Norwegian Investment Fund for Developing Countries (Norfund) is committing $10 million USD to The ANB Group, a prominent South African…
Outsized Successfully Completes Series A Funding, Poised to Transform Freelance Platform Market
Outsized, the premier platform for top-tier independent talent in Asia-Pacific, Africa, and the Middle East, is celebrating the successful conclusion…
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 solutions provider…
Afreximbank and Export-Import Bank of China Sign $600 Million Loan Agreement for Trade Finance
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have inked a $600 million loan agreement to…
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) to fund a…
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 the country’s Eurobond…
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 the Cabinda Oil…
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 Girls College…
Alitheia IDF Invests $5 Million in South African Woman-Owned Textile Company, IVILI Group
Alitheia IDF, Africa’s first dedicated gender-focused investing Private Equity Fund, has invested $5 million in IVILI Group, a South African…
RevRoad Capital Raises $61 Million Debut Fund to Boost Early-Stage Startups in Utah
RevRoad Capital, an affiliate of venture services firm RevRoad, has successfully raised $61 million for its inaugural fund. Based in…
Adenia Partners Invests in South African Solar Financing Provider, Enfin, to Combat Energy Crisis
Private markets investment firm, Adenia Partners, has completed a majority investment in Enfin, a solar financing solutions provider in South…
Sony Launches “Sony Innovation Fund: Africa” to Boost Entertainment Industry Growth
Sony Group Corporation has introduced the “Sony Innovation Fund: Africa” to support the growth of the entertainment sector in Africa.…
Mediterrania Capital Partners Invests €57 Million in Moroccan Financial Services Provider CASH PLUS
Mediterrania Capital Partners, in collaboration with FMO and IFC, has made a combined equity investment of €57 million in Moroccan…
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 startups across Africa. This investment will…
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 and…
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 supporting African startups focused…
CrossBoundary Access and Mobile Power Partner to Bring Affordable Energy Access to Nigeria
CrossBoundary Access and Mobile Power have formed a $10 million partnership to deploy Mobile Power’s MOPO Hubs in Nigeria, providing…
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 Growth Fund…
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 co-founders,…
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 million from various stakeholders,…
ARM-Harith Infrastructure Fund Invests $18.75 Million in Elektron Power Infracom for Decentralized Energy Solutions in West Africa
ARM-Harith Infrastructure Fund (“ARMHIF”) has made an investment of US$18.75 million into Elektron Power Infracom (EPI), a Mauritius-incorporated company focused…
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 manufacturing…
P1 Ventures Completes $25 Million Close of Second Fund to Support African Tech Startups
P1 Ventures, a Pan-African Seed VC fund, has successfully closed the first round of its second fund, raising $25 million.…
African Infrastructure Investment Managers (AIIM) Doubles Equity Commitment to NOA Group Holdings for Renewable Energy Fast-Tracking in South Africa
African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual Alternative Investments, is increasing its equity commitment to NOA Group…