The International Finance Corporation (IFC) is confirming an investment of up to $5.75 million in Tanzania Mortgage Refinance Company (TMRC), an...
AXIAN is the first African partner to join the investors club “Blisce/ pledge club” of the Blisce/ venture capital company. Founded by entrepreneur...
The Food and Agriculture Organization wants to mobilize $70 million to curb Desert Locust invasion in East Africa, with particular focus on Somalia,...
The International Finance Corporation (IFC) plans to grant Morocco $100 million for the construction of two tramway lines (lines 3 and 4) and rural...
The Central bank of Kenya has approved the acquisition of 100% of Kenyan bank Transnational Bank Plc by Access Bank, Nigeria’s biggest bank in terms of...
Old Mutual Alternative Investments, the investment arm of South African financial and insurance group, Old Mutual, has acquired a 20% stake in Seven Uquo...
The Netherlands-based commodity trader Trafigura has just acquired majority stake in the Kita solar power plant in Mali. The operation was made through...
Compagnie de Transports au Maroc (CTM), a transport company 49.8% owned by Royale Marocaine d'Assurance (RMA), has started the process of taking over 100%...
Ukur Yatani (pictured) becomes Kenya’s finance minister. The official, who has been acting the role since July 2019, was confirmed on Jan 14 through a...
AfricInvest, a leading pan-African mid-cap-focused private equity firm, has entered into a partnership with Masria Digital Payment (MDP), a provider of...
U.S. rating agency Moody’s gave stable or positive outlook for the sovereign creditworthiness of six countries of the CFA zone. In the CEMAC zone,...
The climate risks and the rising blows to globalization in recent years will be blocking factors for investments in emerging markets, as they are already...
The Fund manager Ezdehar Management has acquired, through its first investment fund Ezdehar Egypt Mid-Cap Fund, an undisclosed majority stake in the...
The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the...
WeLight, the joint venture of Axian Group and Sagemcom dedicated to rural electrification, and the Norwegian investment fund Norfund specializing in the...
Emerging Markets Property Group (EMPG) is investing $7 million to strengthen the staff within its Moroccan real estate advertising arm Mubawab,...
In Nigeria, the pan-African bank Ecobank has announced a plan to inject $193 million (70 billion naira) in agricultural businesses over the next two...
South Africa's telecom operator, MTN Group, which also has the largest presence in Africa, collected R14 billion ($986 million) in 2019 with the sale of...
The Ivorian government has announced the creation of the Small and Medium Enterprises Guarantee Fund to facilitate access to bank financing for SMEs. This...
The European Bank for Reconstruction and Development (EBRD) is giving the Tunisian microfinance institution Advans Tunisie the equivalent of $2.2...
France has updated its tax haven blacklist. The update brings good news for Botswana which was removed from the list since the diamond-producing country...
The development agency FMO made its first commitment of the year 2020 within the investment fund Acumen Resilient Agriculture Fund (ARAF) to provide...
Chinese companies Sunda International and Kenda are planning to build ceramic production plants in several African countries, we learned. The $323...
German development finance institution DEG has granted €2 million (about $2.2 million) to fairafric GmbH, a German company which specializes in...
Over the year 2019, Africa attracted a total of $1.3 billion in venture capital funds, WeeTracker said in its African Venture Capital Report 2019....
The Kenyan arm of Standard Chartered Bank announced, in a recent note sent to customers, it is cutting the interest charge on loans granted before the end...
On 11 December 2019, the African branch of Indian telecom group Bharti Airtel, Airtel Africa, unveiled its intention to list part of its Malawi subsidiary...
Proparco, the private sector arm of the French Development Agency (AFD), and Côte d'Ivoire signed three financing agreements worth €32.5 million on...
The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States...
One of the missions of AFRO includes improving daily well being of people of the African continent. We have mentioned it before, but today it became a...
British CDC Group agreed to sell the 9.97% interest it holds in Ugandan commercial bank Development Finance Company of Uganda (DFCU) for an undisclosed...
Rensource Energy, a Nigerian startup specializing in providing solar energy solutions, raised $20 million in a Series A round co-led by investment...
The African Development Bank’s Board of Directors has approved a $60m loan to Elnefeidi Group Holding Company to help finance its long-term...
Over the first 9 months of 2019, the startups operating in the Middle East and North Africa region raised $517 million, 30% more than the amount in...
The Abu Dhabi Fund for Development announced it is supporting the Samendeni Dam in Burkina Faso with $10 million. The dam was commissioned at the...
South African packaging manufacturer Nampak Limited has sold its London subsidiary Nampak Plastics Europe Limited (NPE), which supplies packaging for the...
Live News
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Cameroon : Business community encouraged to use public-private consultation frameworks for the resolution of problems in their respective activities
19:23
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Cameroon : Government moves to rationalize its contributions to international organizations
17:45
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African countries take preventive measures against coronavirus
17:43
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EU and France to help Togo and neighboring countries better fight human trafficking in the region
17:31
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Cameroon : Pamol and CDC’s turnover plummeted by 83.4% and 60.9% respectively in 2016-2018, due to separatists crisis
16:29
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Cameroon : Prodel donates 2,000 small ruminants in the Far-north to help replenish the stock destroyed by Boko Haram
16:24
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British power producer Globeleq to develop a renewable energy project in Togo
14:47
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Togo’s agricultural GDP has doubled over the past decade
13:20
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IFC invests $5.75mln in Tanzania Mortgage Refinance Company
12:32
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Togo scores 29 points in the 2019 Transparency International Corruption index, one point less than in 2018
12:11
