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 million in…
Category: Business
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 the global dealmaking…
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…
JPMorgan Warns of Possible $150 per Barrel Brent Crude by 2026
JPMorgan’s Head of EMEA Energy Equity Research, Christyan Malek, has cautioned that Brent crude prices could potentially reach $150 per…
Goldman Sachs Raises Brent Crude Forecast to $100, Poses Economic Challenges for Nigeria
Goldman Sachs has revised its 12-month ahead forecast for Brent Crude oil prices, projecting $100 per barrel, up from the…
U.S. Federal Reserve Maintains Interest Rates, Cautious Amidst Rising Oil Prices
The U.S. Federal Reserve has opted to keep interest rates steady for September, signaling a potential shift in the pace…
Ivorian E-commerce Startup Anka Raises $5 Million in Pre-Series A Extension Round
Anka, an Ivorian e-commerce company that has a substantial presence in Nigeria and Kenya, has secured $5 million in a…
Amazon’s Alexa Upgraded with More Natural, Emotionally Responsive Voice
Amazon’s voice assistant, Alexa, is set to receive a significant upgrade with a more natural-sounding voice and enhanced emotional responsiveness.…
NNPC and Indorama Sign MOU for $18 Billion Hydrocarbon Exploration Deal
The Nigerian National Petroleum Company Limited (NNPCL) and Indorama Eleme Petrochemicals Limited have entered into a Memorandum of Understanding (MOU)…
Gender Wage Gap in Kenya: Women Earn 34.2% Less Than Men, Survey Reveals
Data from the first quarter of the 2022 Annual Household Income and Expenditure Survey (AHIES) in Kenya highlights a significant…
Investor-Founder Disconnect Poses Major Threat to African Tech Funding
A recent report from Wimbart, a PR agency specializing in tech and startup sectors across Africa and emerging markets, has…
TraditionData Expands Global Fixed Income Offering, Now Covers Over 20,000 Securities from bonds.com Network
TraditionData, the market data and intelligence division of Compagnie Financière Tradition, has extended its global fixed income offering to include…
Pan-African Fund Managers’ Association (PAFMA) Launched to Foster Alternative Investments in Africa
The Pan-African Fund Managers’ Association (PAFMA) was inaugurated in Nairobi, Kenya during the Africa Climate Summit 2023. PAFMA is a…
Valu Successfully Closes EGP 922.3 Million Securitized Bond Issuance in Partnership with EFG Hermes
Valu, a leading financial technology provider in the MENA region, has announced the successful completion of its sixth securitized bond…
Joliba Capital Raises €55 Million in First Close of Joliba Fund I, Backed by IFC, Proparco, FMO, and LBO France
Abidjan-based private equity firm Joliba Capital has achieved the first close of its Joliba Fund I, securing €55 million in…
Tana Africa Capital Exits Investment in IEG, Facilitating Acquisition by Globeducate
Tana Africa Capital has successfully exited its investment in IEG, a network of schools operating in Morocco and the Netherlands.…
Emata Secures $2.4 Million Seed Funding to Expand Digital Agri-Loan Offering in East Africa
Emata, an agricultural finance solution for East African farmers, has successfully raised $2.4 million in seed funding, comprising both equity…
China’s Central Bank Cuts Reserve Ratio to Boost Liquidity and Support Economic Recovery
The People’s Bank of China (PBOC) has announced a 25 basis points reduction in the reserve requirement ratio (RRR) for…
Biden to Address Impact of Federal Budget Cuts and Government Shutdown in Economic Speech
U.S. President Joe Biden is set to deliver a major economic speech addressing the consequences of federal budget cuts and…
IMF Warns of Rising Debt in Low-Income Developing Countries (LIDCs) as Global Debt Trends Continue
The International Monetary Fund (IMF) has highlighted the alarming debt levels in Low-Income Developing Countries (LIDCs), which now represent 88%…
Private Employers Caution Against Impending Nigerian Labour Congress Strike
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress (NLC), emphasizing that…
Flutterwave to Invest $50 Million in Kenya, Awaits Regulatory Approval for Operations
Nigerian fintech company Flutterwave is preparing a $50 million investment in Kenya as part of its efforts to secure a…
Apple Retires Lightning Connector, Embraces USB-C with iPhone 15 Launch
Apple has officially bid farewell to its iconic Lightning connector, which was introduced 11 years ago. The new iPhone 15…
Google Defends Search Engine Dominance in Monopoly Trial
Google has responded to claims that it holds its position as the world’s largest search engine through illegal practices, asserting…
Ukraine Launches Missiles and Boats in Attack on Russia’s Crimea
Ukraine has reportedly launched ten missiles and three unmanned boats in an attack on Russia’s Black Sea fleet in Crimea.…
Indian Fintech Perfios Raises $229 Million in Series D Funding Round
Indian fintech firm Perfios has successfully secured $229 million in a recent Series D funding round, a move aimed at…
India Mulls Allowing Local Firms to List on Foreign Exchanges, Including London Stock Exchange
India is reevaluating the possibility of permitting domestic companies to list on foreign exchanges, including the London Stock Exchange, according…
Amazon’s Project Kuiper Set to Revolutionize 5G Connectivity in Remote Africa and Europe
Vodafone has unveiled ambitious plans to utilize Amazon’s forthcoming satellite initiative, Project Kuiper, for extending 4G and 5G coverage to…
Rentoza Secures $6 Million Investment to Expand Its Pay-Per-Use Rental Model for Electronic Goods Beyond South Africa
Rentoza has successfully raised $6 million in funding to broaden the reach of its pay-per-use subscription model for renting electronic…
BFA Global’s Catalyst Fund Secures $8.6 Million for Climate-Centric African Startups
BFA Global’s Catalyst Fund has achieved its initial funding milestone, garnering $8.6 million out of the targeted $40 million for…