This weekend, bitcoin exceeded $60,000 again and moved closer to its record highs. The cryptocurrency traded at $61,222.22 on Saturday April...
South African banking group Absa Bank announced it will shut down its investment vehicle Absa Money Market Fund (AMMF) in July this year. The company says...
South African investment fund manager Mahlako Financial Services announced an investment of R1.5 billion ($103 million) in the energy value chain. “This...
Prosus, the subsidiary of South African Internet and media giant Naspers, announced yesterday April 7 its intention to sell 2% of the shares it holds in...
The loss of value added to the global economy in 2020 is estimated at $2807.7 billion, according to calculations by Ecofin Agency based on the IMF's...
Venture capital firm Algebra Ventures, which targets opportunities in early-stage companies in Egypt announces the launch of its second fund focused on...
Egyptian Venture Capital firm Sawari Ventures obtained an additional $30 million for its fund dedicated to technology startups. The resources were...
The French solar kit provider Baobab+, which focuses on West Africa, obtained a loan of €2mln ($2.3 million) from the investment bank Lion's Head...
Access Bank, one of the largest banks in Nigeria by customer size, has received the necessary regulatory approvals in Nigeria and South Africa to acquire...
MasterCard reached an agreement with Airtel Africa to invest $100 million in Airtel Mobile Commerce, the mobile money arm of the telecom operator....
The Central Bank of West African States (BCEAO) is mulling over issuing a digital currency. Gisèle Keny Ndoye, Head of financial inclusion at BCEAO, said,...
Between 2015 and 2020, West Africa has attracted $5.4 billion in private equity investment, according to a report recently issued by the African...
US investor Root Capital, which targets agricultural businesses in sub-Saharan Africa, has mobilized financing of $35 million with the US...
M-Kopa, the Kenyan platform which provides digital financial services and solar systems and devices, is negotiating a $3 million expansion financing...
Despite the coronavirus pandemic, Dangote Cement Plc recorded an outstanding performance. Indeed, on March 23, 2021, the cement group posted a...
In 2020, the performance of Bank of Africa (BOA)’s West African subsidiaries was affected by the rising cost of risk. Indeed, the net banking income of...
Amethis Mena Fund II, which is exclusively dedicated to North Africa and the Middle East, announces its first investment in Morocco, in the...
After a year marked by the launch of its solar computer Jirodesk II, the Malagasy company joins the Seedstar and Shell Foundation's acceleration program....
Britam (an investment holding that has stakes in the asset management, real estate, and insurance industries) is planning to sell part of its 48.2%...
Proparco, the private arm of the French Development Agency (AFD), has pledged a guaranteed loan of €3 million to Société Générale's subsidiary in...
French banking group BNP Paribas has finalized the sale of 39% stake in Union Bancaire pour le Commerce et l'Industrie (UBCI) to the Tunisian group Carte...
Kenya Commercial Bank is close to concluding a loan for a maximum amount of $150 million to strengthen its capital and support SMEs that develop...
The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will...
The new framework set up by the G20 to relieve the debt of poor countries, including about 40 from Africa, represents a risk for the international private...
A group of companies controlled and majority-owned by Aldar Properties, has made an offer to acquire a majority stake of 51% in the capital of Sodic...
Bank of Africa’s subsidiary in Burkina Faso ended FY2020 with a net profit of CFA17.6 billion (€26.8 million), down 4.8% compared to 2019. This poor...
The African Development Bank Group (“AfDB”), on 2 February 2021, issued a sanction decision against Mitsubishi Heavy Industries, Ltd. (“MHI”). This...
VC company Savannah Fund, which focuses on sub-Saharan Africa, announced the first close of its second investment fund –Savannah Fund II- worth $25...
The International NGO Tax Justice Network has just unveiled its Corporate Tax Haven Index for 2021. The document is a ranking of jurisdictions most...
Fintech company Flutterwave, which operates in 33 African countries, announced yesterday it has successfully raised $170 million in a Series C...
South African insurance group Liberty Holdings said it wants to strengthen its footprint in its Kenyan subsidiary. From 57.7% (309 million ordinary...
Six of the eleven banks listed on the Nairobi Securities Exchange have announced, since January 2021, a sharp decline year-on-year in their net profits...
The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank as...
Moroccan financial group Banque Centrale Populaire's net profit has suffered a decline by 67% from MAD3.8 billion in FY2019 to MAD1.28 billion ($141.7...
Tidjane Thiam’s (pictured) Freedom Acquisition I Corp is getting ready to step into the e-health market. The company, which recently raised $345...

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

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