Varroc Lighting Systems Morocco, local arm of Indian automotive lighting system manufacturer Varroc Engineering, will benefit from a new credit line...
Nigeria-based digital currency company BitFxt Technology has raised $15 million from the British Payitup Clearinghouse Ltd to expand its activity....
In a move to leverage the new law allowing private investors to get majority stake in public companies, Egyptian businessman Naguibi Sawiris (pictured)...
While the Gni congratulates the chocolate makers and the chocolate industry for their will to support Ivorian farmers, the Group of Ivorian traders (Gni),...
Venture capital firm Paper Plane Ventures sold the shares it held in bitcoin cash wallet startup Centbee to Dutch Two Hop Ventures for an undisclosed...
Social Investment Managers & Advisors (SIMA), a fund management and investment consulting firm which operates in Kenya, Pakistan, Switzerland, and the...
The Democratic Republic of Congo has a low bank enrollment rate, leaving millions of people outside the banking system. However, more than 45% of the...
Tunis Stock Exchange-listed Electrostar ended the fourth quarter of 2019 on a turnover of TND2.1 million, down 85% compared to TND14.6 million the same...
On February 19, Mali successfully raised CFA33 billion (about $54.3 million) on the WAEMU securities market in an issue of 3-year fungible Treasury...
South African insurer Discovery has decided to propose a generous interim dividend to its shareholders, despite a mixed performance during its half-year...
The 2020 edition of the Financial Secrecy Index (FSI) recently published by the Tax Justice Network reveals that Africa continues to bear the heaviest...
Dutch development bank FMO invested $2.8 million into US Acumen’s Pioneer Energy Investment Initiative (PEII) that seeks to bridge the energy...
Khaled Talhouni (pictured), former director of the sub-Saharan Africa-focused venture capital firm Wamda Capital, has resigned from his position to focus...
Liwwa, a fintech that provides small and medium-sized enterprises (SMEs) with short-term online loans of up to $100,000, has secured a $6...
The 44th General Assembly of the Federation of African National Insurance Companies (FANAF) opens today February 17, 2020, in Libreville, Gabon against...
France-based DPD group which specializes in the delivery of parcels has participated in a $1.4 million Series A fundraising by Bosta, an Egyptian...
Pan-African lender Ecobank has signed a partnership agreement with Alibaba’s payment  platform, Alipay.  The partnership will ease instant...
Egypt-headquartered healthcare platform Vezeeta raised $40 million in a transaction led by the UAE-based asset management firm Gulf Capital and...
South Africa’s event ticket booking platform Howler has secured a round of funding from US firm Techstars, the investment firm Platform Growth, and the...
Uganda will benefit from a $1.9 billion concessional loan program approved by the World Bank over the next three fiscal years. According to Tony...
The European Investment Bank (EIB) is providing a total of €2.7 million to support two railway projects in Egypt. Related agreements were signed with...
Last year, companies operating in the private sector in Ghana obtained a total of 44.5 billion cedis (about $8.1 billion) in credit from commercial...
Ecobank Transnational Incorporated (ETI) has suffered a drop of 8% on the Nigerian Stock Exchange over the first six days of February 2020. This is bad...
The regional council for public savings and financial markets (CREPMF) recently received from the French Development Agency (AFD) €2 million (XOF1.3...
Nigeria-based FinTech startup Aella Credit has mobilized $10 million from HQ Financial Group, a Singaporean private company specializing in...
Sub-Saharan Africa-focused private equity firm Africa Capitalworks has reached a deal to buy a minority interest for an undisclosed sum in the capital of...
Following an initial investment of $1.5 million made in 2017 in the food delivery platform, Elmenus, the venture capital firm Algebra Ventures is...
British telco Vodafone is expected to realize a capital gain of $1.7 billion if the sale of its Egyptian subsidiary is completed. The group has...
Banque Internationale Arabe de Tunisie -BIAT- is poised to get a majority stake in the capital of the asset manager Tunisie Valeurs. The bank has sent an...
The amount injected in sub-Saharan Africa by the European Investment Bank (EIB) has dropped by 28% between 2013 and 2019, data collected by Ecofin Agency...
US rating agency Moody’s says issuance of green, social and sustainability bonds will top to a record $400 billion this year, making a 24% increase...
The Belgian chocolate maker Belvas announced plans to build a fair trade chocolate plant in Côte d’Ivoire, by September 2020. The project is valued...
Momentum Metropolitan Holdings, a financial services group listed on the Johannesburg Stock Exchange and on the Namibian Stock Exchange, has obtained the...
GoDaddy, a publicly-traded internet domain registrar and web hosting company, has reached a deal for an undisclosed amount to buy the South African social...
South African pharmaceutical company Aspen Pharmacare Holdings has completed the sale of its Japanese operation- Aspen Japan K.K- to Sandoz. When the...

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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