The Ugandan startup receives additional financial backing to scale its credit offering to SMEs in Africa where access to financing is difficult.
Numida,...
In a context marked by the weaker global economy, African central banks are taking various measures to contain inflation and the pressures placed on their...
The Fund for Export Development in Africa (“FEDA”), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support...
The African Development Bank has signed a grant agreement for $400,000 with the Caisse des dépôts et consignations of Côte d'Ivoire (CDC-CI). The...
The African Development Bank Group has provided new funding for two ongoing major projects in Cameroon: the Develop Access Roads to the Industrial and...
The opening of Ethiopia’s banking sector to foreign investors was long-awaited by several African groups including South Africa’s Standard Bank and...
Despite its modest size, Africa’s private wealth is growing fast. It creates an over US$2 billion opportunity for local and international asset...
The growth was mainly driven by an 11.9% increase in household financial assets (+306 billion US dollars) while the increase in non-financial assets (real...
MauBank Holdings Ltd – MBH (the “Seller”) has decided to proceed, through an international tender, with the implementation of a divestment program which...
The Board of Directors of the African Development Bank Group has approved a $20 million concessional investment to support the second phase of the...
The African Domestic Bond Fund (ADBF), an exchange-traded fund, has been listed in the local Pula currency on the Botswana Stock Exchange (BSE). The...
The situation baffled economic agents because the central bank data is reassuring as far as the country’s foreign exchange reserves are concerned....
Africa, which is more than ever seen as a land of opportunities, has attracted a growing number of investors over the recent years with rising commitments...
In its fourth private placement funding round, Tanzania's CRDB Bank Group raised $130 million, bringing the total amount already raised from...
Banks operating in DR Congo are required to increase their minimum capital from US$30 million currently, to US$50 million, according to a recently...
Cameroon’s Minister of Agriculture and Rural Development Gabriel Mbairobe and the General Manager of the Commercial Bank of Cameroon, Léandre Djummo, have...
The drop in cryptocurrencies’ value has not dented their adoption. Three African countries are among the top 20 global countries with the highest adoption...
In the region, venture capital financing was down but Senegal has remained the country most attractive for venture capital investors.
As of August...
Earlier today, during an official visit to Luxembourg by representatives from Bourse Régionale des Valeurs Mobilières (BRVM), the Luxembourg Stock...
A growing number of venture capital investors are willing to commit over US$1 million per deal on African startups. The list of countries they are...
The Government of the Arab Republic of Egypt and the African Development Bank Group on Monday signed a memorandum of understanding on the hosting of the...
If successful, the operation will increase the French banking group’s stakes in its Egyptian subsidiary to 65.3%.
The French banking group Crédit...
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade...
In 2021, they raised record financing volume, becoming a growth reference in Africa. They are now embarking on new projects that will make them...
In May 2022, Sanlam and Allianz announced a more than US$2 billion joint venture project “to create the largest pan-African non-banking financial...
The loan will help finance more climate-sensitive projects. It nevertheless brings out questions on how Africa should fund its climate action, which...
According to a recent report by Uganda’s insurance sector regulator, the life insurance segment has grown faster than non-life in the first half of...
The loss, which is larger than the figures Monoprix posted for H1-2021, widens the company’s overall losses.
BVMT-listed retail company Monoprix...
The investment is made two years after eco.business entered the Kenyan agricultural sector.
Impact investment fund eco.business announced,...
The transaction is completed three months after the initial agreement. It follows the obtention of regulatory approvals.
Nigerian financial...
The decision will mostly affect domestic investors since the majority shareholder can cushion its growing operating expenses with its consolidated...
Three months after announcing its proposed acquisition of Nigerian pension fund manager First Guarantee Pension Limited, financial holding company Access...
Once approved by shareholders, Walmart's bid is expected to give new impetus to the restructuring plan of loss-making retailer Massmart.
U.S. retail...
Banks operating in the WAEMU region posted record performance for their 2021 operations. However, the IMF reminds that there are unaccounted-for risks...
The performance was driven by interest and non-interest income as well as its digital services.
Kenyan financial group KCB Group Plc posted Ksh19.6...
The deal comes three years after media group Choueiri entered ArabyAds' capital. It will support the marketing agency's expansion in the MENA region and...
Live News
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Cameroon: Banking and Communication activities supported service sector improvement in Q1 2022
20:18
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Food prices went up 14% YoY in August 2022 in Douala
18:55
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World Bank grants Cameroon CFA200bn+ loan for local development projects
18:43
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Cameroonian dealer of French Sanofi becomes liquidated
18:41
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WAEMU economies expected to grow at 5.6% in Q4 2022
17:08
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Gilbert Houngbo officially takes over ILO’s helm
16:59
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Ugandan fintech Numida raises US$12.3 mln in round led by Serena Ventures
16:50
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Burkina Faso : Lt Col Damiba resigns, flees to Togo
16:21
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South Sudan: MTN, ZAIN still paying taxes to Sudan, report reveals
14:21
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Benin: World Bank approves US$200 mln for a flood-risk reduction program
21:36
