Nigerian agritech startup Releaf announced this week that it has closed a $2.7 million round of funding. The resources will help address logistics...
Digital payments company Zip Co, listed on the Australian Securities Exchange, bid to acquire South African fintech Payflex. The move is part of the...
The Sustainable Energy Fund for Africa (SEFA) has approved a $1 million grant for modernization of Africa’s aging hydropower fleet. The grant will...
The Global Innovation Initiative Group announced it has launched a fund to fuel innovation in Africa. The vehicle will inject $100 million in...
Many African countries have successfully mobilized money on the international debt market this year. However, the amounts they are allowed to raise are...
Two billion dollars. That’s how much AFC Capital Partners wants to raise over the next three years to fund infrastructure projects that will make Africa...
The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA)...
Bolloré Transport & Logistics has acquired 5,000Sq.m warehousing space at the Nairobi Gate Industrial Park in Nairobi to accommodate it’s expanding...
Fintech is increasingly gaining ground in the private equity sector. Over the first nine months of 2021, African fintech companies raised $1.44...
Six months after joining US investor Y Combinator's mentoring and coaching program, Nigerian fintech Prospa has secured support from venture capital firms...
Fintech MNT-Halan, which provides digital payment solutions and microcredit to Egypt's unbanked population, has secured a $120 million investment....
Francophone Africa can now boast of its first unicorn. With a capitalization of $1.7 billion, the U.S - and Senegal-based fintech Wave has become...
Mr. Mugera, a Kenyan national, brings extensive experience to this role. He is a seasoned journalist and media manager with over 20 years of expertise...
Arise B.V announced a $75 million investment in Lomé-based Ecobank group. With this additional funding, Arise B.V aims to reinforce the capital of...
External debt has long supported Egypt's international liquidity. However, the normalization of the debt market in developed countries exacerbates...
Nigeria has reported a record gross domestic product growth over the past five quarters, but some challenges remain. Nigeria's GDP stood at N39.64...
Yield Uganda Investment Fund, managed by Pearl Capital Partners announced its ninth investment in the Ugandan agriculture sector. This time, the company...
Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s long-term rating at AAA with a stable outlook. The agency commended the...
The Energy Access Relief Fund, recently established by a consortium of investors and development financing institutions, has raised a total of $68...
Nigeria’s Federal and State governments have expressed overwhelming support for an initiative to create Special Agro-industrial Processing Zones (SAPZ) -...
African Infrastructure Investment Managers AIIM announced it has acquired a 22% minority stake for an undisclosed amount in Sodigaz APC, a Burkinabe...
After the first investment in Morocco’s irrigation sector in March, Amethis Mena Fund II plans new investments in North Africa. Amethis announced the...
Moroccan insurance group Wafa Assurance has begun to recover after a decline that started in 2020 and continued in the first quarter of 2021. The...
Less than a year after it entered into a strategic agreement with Atlas Mara to acquire its stake in Banque Populaire du Rwanda (BPR), Kenyan financial...
The investments made by the International Finance Corporation (IFC) into small and medium-sized enterprises (SMEs) in Africa and the Middle East...
Agribusiness giant SIFCA, owned by the wealthy Billon family in Côte d'Ivoire, is riding on good vibes on the Abidjan-based regional stock market BRVM....
Investors on the Abidjan-based regional market BRVM are already enjoying a positive post-Covid-19 recovery. In addition to higher dividends, they saw an...
South African FirstRand Bank acquired, via its private equity branch RMB Corvest, 49% interest in the private higher education institution Inscape...
Nestlé Côte d'Ivoire made it to the top 5 best-performing stocks in sub-Saharan Africa. The BRVM-listed company ranks 4th thanks to good performances in...
The value of Nigeria’s currency -Naira- has been gradually eroding over the past decade. This year, which marks a post-Covid-19 period, the currency is...
The United States development financial institution IFC together with FMO, the Dutch entrepreneurial development bank, today announced a loan of $50...
Moove, an African mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa has raised $23 million in a...
Naspers, through its investment vehicle, Naspers Foundry, has led a $11 million Series ‘A’, fund raising round in Naked; South Africa’s...
Nigeria’s Federal Executive Council (FEC) yesterday approved the acquisition of 20% equity stakes in Dangote Refinery – an integrated refinery project...
In 2020, banks operating in WAEMU showed relative resilience with higher profitability thanks to lower losses for the loss-making ones. The banking sector...

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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