The year 2021 saw a rise in private equity and venture capital financing in Africa, driven by opportunities in the post-pandemic period.
The overall...
The Nigerian restaurant management platform Orda announced yesterday it has raised $1.1 million in pre-seed funding to support its business. The...
Banking activity in Côte d’Ivoire grew by 15% in 2021 with a total balance sheet at CFA16,983 billion ($29.3 billion), against CFACFA14,727 billion...
A consortium of Burkinabe investors made an offer last June to buy Tunisia’s Carthage Cement. They wanted to acquire 58.2% of the company. However,...
Ghanaian digital cash management and lending fintech Float has raised $17 million to support its business; $10 million is a debt raised from...
Ugandan Fintech Asaak announced it has raised $30 million from a group of investors to support its business. The company provides credit to...
After a first digital banking experience in Azerbaijan last November, the British company Fintech Farm plans to launch such an initiative in Nigeria over...
With the ongoing ECOWAS pressure on Mali, the country is denied access to the regional financial market. The information was relayed by Reuters, which...
Nearly a year after its last round of funding, Nigerian HR and payroll platform SeamlessHR announced it has raised an additional $10 million in...
The Egyptian Islamic bank, Abu Dhabi Islamic Bank (ADIB), announced it has increased the share capital of its consumer finance subsidiary from EGP10...
The Ivorian platform Afrikrea, which markets the creations of African fashion artists online, announced it has successfully raised $6.2 million from...
Nigeria’s ThankUCash announced it has successfully raised $5.3 million to expand in its main market and beyond, mainly in Ghana and Kenya. Before...
After 3 consecutive years of decline, the assets of Tunisian funds recorded an increase of 2.7% in 2021, reaching TND4.8 billion (about $1.7...
The Board of Directors of the African Development Bank Group has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga...
South African Invicta Holdings announced it has acquired KMP Holdings Limited, a leading independent supplier of aftermarket heavy-duty diesel engine...
As a strategic partner of several countries on the continent, the IsDB provides significant financing for infrastructure projects in Africa. For its 2021...
Gide has advised MSC Group, a major player in container transport and logistics, on the 100% acquisition of Bolloré Africa Logistics, comprising all of...
The Bolloré Group announces that it has received an offer from the MSC Group, a major player in container transport and logistics, to acquire 100% of...
The average value of transactions on the BRVM is now close to CFA2 billion ($3.3 million) as of December 17, 2021. Although this figure represents a real...
The African Development Bank Group is pleased to announce the appointment of Ms. Yacine FAL, currently Director General, Cabinet Office of the President,...
Women-focused PE fund manager Alitheia IDF announced it has raised $100 mln as part of the final closing of its fund. It thus becomes “the largest...
PE firm Amethis announced today it has sold the 33.77% stake it holds in Velogic, a Mauritius-based logistics company active in the Indian Ocean. After 8...
With the repeated occurrence of cryptocurrency scams in South Africa, the government announced measures to regulate the sector. Recently, scammers stole...
The institution financing small and medium-sized enterprises (SMEs) in the health sector in Africa, Medical Credit Fund, unveils plans to strengthen its...
The Board of Directors of the African Development Bank has approved a line of credit of €70 million and an equity investment of $24 million, to...
4DX Ventures has completed the final closing of its second fund, raising $60 million in commitments. The Africa-focused VC firm will target...
Cement producers listed on the Casablanca Stock Exchange are expected to end 2021 on a positive note with their net results up 30.1% compared to last...
Investment firm PanAfrican Capital Holdings Limited has approved $1 million to support digital businesses in Africa through The Catalyst...
After securing $7.5 million in funding earlier this year, Nigerian Edtech uLesson raised additional resources to support its expansion.
Nigerian...
A $210 million loan approved by the African Development Bank’s Board of Directors on Monday could impact the lives of millions of people in Africa’s...
Since Nigeria launched its cryptocurrency, the first in Africa, several experts on the continent believe it could be an alternative to financing the...
Longer drought episodes and other climate disasters are worrying authorities in Cabo Verde. To limit the risk, they have initiated measures to increase...
Leader in money transfer with a network of 160 own branches and thousands of sub-agents, FLASH is the largest financial messaging network in the...
The African Development Bank received a first place “Gold Stevie” at the 18th Annual International Business Awards virtual event, in...
Several insurance companies in South Africa reported they will charge higher premiums to customers seeking life insurance coverage if they do not provide...
The Regional Council for Public Savings and Financial Markets (CREPMF), the regulator of the WAEMU regional financial market, received $ 500,000...
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