After having completed a dozen transactions valued at $400 million in sub-Saharan Africa, private equity firm Carlyle Group has withdrawn from...
The Board of Directors of Kenyan Equity Group Holdings says it has canceled the distribution of KSh9.5 billion (about $88.9 million) in dividends to...
The UK-based AgDevCo, which targets agribusinesses in sub-Saharan Africa, announced it has invested an undisclosed long-term loan in Pee Pee Tanzania...
Ecobank Group and Google are teaming up to help African SMEs keep pace in a fast-growing digital world. The partners announced they will develop a range...
Last year, the Ivorian arm of Moroccan Attijariwafa Bank -Société ivoirienne de Banque- paid a total of CFA1.25 billion in salaries to its 10 highest-paid...
Morocco’s High Commission for Planning (HCP) published a study on the way households in the countries are living amid this pandemic. The study shows that...
A recent survey conducted by PricewaterhouseCoopers revealed that 54% of Chief Financial officers of companies operating in Africa expect a 10-50% decline...
Apollo Agriculture, a Kenyan technology company that has been working with farmers since 2016 to provide financing, a market for their products, advice,...
Development Partners International (DPI), through its third fund, made a $56 million investment in Société industrielle des conserves alimentaires...
The World Bank approves a $1 billion loan to support Kenya’s budget deficit, we learned. Talks for this disbursement was made in January 2020.
The...
Ethiopia’s private equity firm Cepheus Growth Capital Partners has acquired a significant minority stake in the capital of East African Lion Brands...
The Nigerian agribusiness company Tomato Jos, completed a Series A funding amounting to $4.2 million from four foreign investors, including Goodwell...
Foreign investors reduced their investment portfolios in Nigeria by $15.7 billion in the first quarter of 2020, according to an analysis by Fitch...
South Africa’s pharmaceutical group Dis-Chem announced it has entered in talks to buy the baby care product retailer Baby City. The group, co-founded in...
The government of Niger has initiated a financing mechanism to give a helping hand to businesses affected by the coronavirus pandemic. According to...
South African asset manager Ninety One agreed to sell 24% of the shares it holds in Botswana's consumer goods retailer, Kamoso Africa, to Botswana...
Jely Group, a firm specializing in the financing and restructuring of SMEs has mobilized between September 2019 and April 2020, the amount of CFA5.3...
Brimore, an Egyptian trade platform, raised $3.5 million in an operation led by Algebra Ventures and backed by various venture capital and...
The value of the 6 Moroccan commercial banks listed on the Casablanca Stock Exchange is down, two days after the Central Bank (Bank Al-Maghrib) ordered...
Export Trading Group (ETG), an integrated chain for the management and processing of agricultural products present in 26 African countries, is to...
Egypt's Qatar National Bank (QNB) Alahli will receive a senior loan of $100 million that will be used to provide short-term financing to companies...
Last year, the Algiers Stock Exchange attracted a very poor number of investors, the market regulator said in its annual report.
In terms of value and...
The Kenyan government plans to release up to KSh1.5 billion (about $14.1 million) to support the Agricultural Finance Corporation (AFC) over three...
Over the first quarter this year, the MAD6 billion consolidated net banking income achieved by Attijariwafa Bank was only 1.5% higher than that in...
Moroccan startups with less than 18 months of activity and those with more than 3 years of recurring sales will benefit from a total of MAD350 million...
The government of South Africa announced it will increase the value of its weekly domestic borrowings to finance its budget deficit by R1.93 billion...
Four thousand CFC’s Flash Mobile Wallet Agents Can Now Send and Receive Western Union Global Money Transfers for their Customers.
Compagnie...
Vantage Capital is exiting the shareholding of the optical network operator Vumatel. The mezzanine fund manager has spent nearly four years as an investor...
Venture fund Fanisi Capital acquired a minority share in the capital of the Kenyan school St Bakhita Schools for about KSh265 million ($2.4...
South African services, trading, and distribution company Bidvest Group announced it will no longer buy the fleet management and car rental company Eqstra...
Over the first quarter of this year, 12 banks listed on the regional stock market BRVM posted a cumulative net income of CFA56.5 billion...
Over the first quarter this year, the Ivorian arm of Societe Generale achieved a net profit after tax of CFA14.1 billion. The leader of the Ivorian...
The South African restaurant franchise group, Famous Brands, reported on May 4, 2020, it has generated negligible revenues due to the restrictive measures...
The Banking Association of South Africa announced it has granted a moratorium on the repayment of up to R15 billion ($798 million) to debtors who...
German investment firm GreenTec Capital announced it has made its first commitment of the year 2020 in Ghana. The firm targeted the Sumundi platform which...
On Monday, May 4, the Algerian Minister of Communications, Ammar Belhimer, announced that the fall in oil prices is expected to reduce oil and gas export...
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U.S. Carlyle exits Sub-Saharan Africa, transfers Fund management to Alterra Capital Partners
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